Economy
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What it Means as Treasury Proposes to Turn Housing Levy Into Deductible Tax
Treasury Cabinet Secretary Njunguna Ndung’u revealed new measures during a budget reading session on Thursday, June 13, 2024, and in…
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Finland Invests 12 Million Euros to Boost Trade Efficiency in Africa
The Finnish Government has announced 12 million Euros to TradeMark Africa (TMA) to boost trade efficiency in Africa. This investment…
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Treasury to Borrow Ksh.596.8 Billion to Finance Ksh.3.92 Trillion Budget
Kenyan government has revealed its intention to borrow Ksh.263 billion from the domestic market as part of its strategy to…
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Reasons Why IMF Has Slashed Kenya’s Funding Program to $976 Million
Kenya’s International Monetary Fund (IMF) program has on Tuesday been reduced in size after the partial refinancing of a $2.0…
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World Bank Maintains Kenya’s Growth Projection at 5% in 2024
The World Bank has maintained its growth projection for Kenya’s economy in 2024 at 5.2%, consistent with its earlier estimates…
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Kenya Secures $485 Million from South Korea for Konza Digital Media City
Kenya has secured $485 million (Ksh.63 billion) in concessional funding from South Korea’s – Korea Exim Bank and part of…
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South Korea Pledges $24 Billion in Aid for Africa at Mega Summit
South Korea has announced a $10 billion aid package for Africa over the next six years, a deal which will…
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Job Creation Top of Agenda As Ruto Tours South Korea
Deputy President Rigathi Gachagua and other leaders bid farewell to President William Rutoas he departed for the Korea-Africa Summit in…
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Explained: How Finance Bill, 2024 Will Hurt Kenyan Manufacturers
The Kenya Association of Manufacturers (KAM) presented its feedback on the Finance Bill, 2024 to the National Assembly Committee on…
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Ruto Signs Africa’s Largest $180MN Student Hostels Deal With U.S
Acorn Holdings Limited – Africa’s largest developer of Purpose-Built Students Accommodation (PBSA)- has today signed a USD 180 million (Ksh.23.6…
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