Month: June 2023
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Economy
Why Ruto is asking IMF, World Bank to review their systems
President William Ruto has said the financial architecture must be of equals.He explained that the resources should neither be controlled…
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Markets
Treasury announces Ksh.15 billion tap sale on a 3-year bond
The National Treasury has put on offer a tap sales on a three-year bond, seeking to raise Ksh.15 billion.The sale…
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Economy
Foreign Ministry says its discussed deal to secure jobs for Kenyans in Jamaica
Kenya’s Foreign and Diaspora Cabinet Secretary Dr. Affairs Alfred Mutua toured Jamaica Tuesday where he held talks with his Jamaican…
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Commodities
Crude duties to cost edible oils sector more
Kenya’s Ministry of Investment, Trade & Industrialisation Cabinet Secretary Moses Kuria has added fireworks to the unfolding edible oils importation…
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Economy
Kakamega receives lion’s share of Ksh.31.4 bn equitable share from state
The May Equitable share allocation of Ksh.31.45B was released, with Kakamega, Nakuru, Turkana and Nairobi getting their lion’s share of…
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Economy
List of counties that have benefited from Ksh.1.4 bn conditional grant from Water Ministry
On June 6, 2023, counties received their share of the Ksh.1.4 billion conditional grant from the national government under the…
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Markets
Private Sector at crossroads as govt borrows Ksh.213.4 billion within week
Last week, the government borrowed a massive Ksh.213.4 billion in a seven-year bond, at 15.84%, setting tongues wrangling.Initially offered at…
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Economy
President Ruto’s Ksh.3.6 trillion budget reading by CS Ndungu [LIVE]
The National Treasury has proposed a Ksh.3.6 trillion for the Financial Year 2023/2024 with a Ksh.700 billion deficit to be…
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Economy
Finance Bill 2023 proposes to tax per diem for civil servants [Video]
All employees in the public sector will be subjected to per diem tax, should the Finance Bill, 2023 be enacted…
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Corporate
ATI offloads Ksh.2. billion worth of shares to Japan’s Export Credit Agency
Japan’s Export Credit Agency, Nippon Export and Investment Insurance (NEXI) is the newest shareholder of the African Trade Insurance Agency…
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