The IMF has warned of a difficult path ahead for Kenya as it disbursed $606 million (Sh78.1 billion) to support the government’s budgetary needs.
The eighth Babacar Ndiaye Lecture highlighted need for African nations to navigate balance between immediate development needs and long-term environmental sustainability.
The primary goal is to foster collaboration among African sub-sovereigns to align their trade and investment initiatives with the objectives of the AfCFTA.
Cooperative Bank and Diamond Trust Bank (DTB) remain the lenders with the lowest loan interest rates among Tier One banks, according to new data from the Central Bank of Kenya.
Treasury reintroduces tax measures contained in the rejected Finance Bill, 2024 in draft law amendments in pressure to increase its revenues in line with IMF funding conditions.
More than half of Kenya’s banks face potential acquisition or forced mergers as the National Treasury revisits plans to amend the Banking Act.
Kenya is set to reform its fuel pricing mechanism in a move that could lead to higher prices of petroleum products in the country.
A leading telco is already sharing real-time data on mobile money transactions and other relevant information with KRA to enhance tax compliance and bolster revenue collection.
Starlink currently faces the challenge of needing more satellites in orbit to boost network capacity.
Any new taxes risk sparking public outrage and potentially undermining his political support, experts and the IMF have admitted.
A new Bill to be introduced in Parliament seeks to widen the tax base following the withdrawal of the Finance Bill, 2024 that denied the National Treasury Sh349 billion in ordinary revenue.
In the face of mounting economic challenges and waning public patience, Treasury Cabinet Secretary John Mbadi has outlined an ambitious plan aimed at revitalising the economy.
Some key proposals by National Treasury Cabinet Secretary John Mbadi provide major relief for Kenyans in the Tax Laws (Amendment) Bill 2024.
Prime Cabinet Secretary Musalia Mudavadi has called for the withdrawal of recently issued shipping regulations, saying they pose a threat to Kenya's maritime industry and foreign investment climate.
The Africa Gender Index 2023 Analytical Report shows that women in Africa have improved their position across economic, social, and political spheres, but challenges persist.
Director for Corporate and Institutional Banking Lydia Rono said the partnership will unlock over Sh500 million in loan facilities for medium-sized water infrastructure projects.
Competition Authority of Kenya says customers can lodge complaints over proposed remedial measures. Elon Musk’s firm has been rapidly expanding in Africa with satellite internet.
As the 2027 polls approach, Kalonzo struggles to assert his independence. It is unclear whether he will endorse the Wiper leader for president.
Kenyans could be bracing for a potential increase in fuel prices as major oil marketers push for a review of the country’s fuel pricing formula.
The initial optimism that accompanied President William Ruto's election has been tempered by the realities of governance, where the complexities of economic management and public expectations collide.
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