Business
Ruto approves Ksh.22.9 billion from Consolidated Fund for additional spending by state
June 26, 2023
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…
Treasury raises Ksh.18.5 billion in tap sales on 3-year bond
June 26, 2023
Treasury raises Ksh.18.5 billion in tap sales on 3-year bond
Treasury raised Ksh.18.522 billion at 14.23% interest for budgetary support in last week’s tap sales of the 3-year bond which…
World Bank to introduce ” debt pause option” for countries in event of crisis
June 23, 2023
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…
Why Ruto is asking IMF, World Bank to review their systems
June 23, 2023
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…
Treasury announces Ksh.15 billion tap sale on a 3-year bond
June 21, 2023
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…
Foreign Ministry says its discussed deal to secure jobs for Kenyans in Jamaica
June 21, 2023
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…
Crude duties to cost edible oils sector more
June 21, 2023
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…
Kakamega receives lion’s share of Ksh.31.4 bn equitable share from state
June 21, 2023
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…
List of counties that have benefited from Ksh.1.4 bn conditional grant from Water Ministry
June 21, 2023
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…
Private Sector at crossroads as govt borrows Ksh.213.4 billion within week
June 21, 2023
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…