Economy
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Thugge’s first MPC meeting pushes borrowing cost to all-time high
Newly appointed Central Bank of Kenya (CBK) Governor, Dr. Kamau Thugge chaired his first Monetary Policy Committee (MPC) meeting Monday,…
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CBK puts breaks on plans for digital currency
After receiving comments on the discussion paper issued in February 2022, CBK ruled early June that a Central Bank Digital…
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Ruto approves Ksh.22.9 billion from Consolidated Fund for additional spending by state
President William Ruto approved the Supplementary Appropriations (No. 2) Bill, 2023 Monday, warranting the additional spending by the National Government…
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World Bank to introduce ” debt pause option” for countries in event of crisis
The World Bank is mulling introducing a pause mechanism if low-income countries are hit by a crisis. This is according…
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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…
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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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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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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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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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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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