Treasury lowers tax target by Sh81bn after growth cut

Nairobi, Aug. 11 -- The National Treasury has cut its tax revenue target for the current financial year ending June by Sh81.4 billion, signaling weaker-than-expected collections from corporate and wor... Read More

Kenya taps Sh220bn loans to pay salaries and debts

Nairobi, Aug. 11 -- The Treasury borrowed Sh207.7 billion to pay salaries, debt repayments and other recurrent expenditure in the year ended June, in continued breach of the public finance management ... Read More

Kenya taps Sh207bn loans to pay salaries and debts

Nairobi, Aug. 11 -- The Treasury borrowed Sh207.7 billion to pay salaries, debt repayments and other recurrent expenditure in the year ended June, in continued breach of the public finance management ... Read More

Cooking oil prices climb back to highs of 2022 crisis

Nairobi, Aug. 5 -- The price of cooking oil has climbed back to its highest level since the global food crisis of 2022, exposing households to renewed pressure from international commodity markets and... Read More

Short-term jobs rise as firms scramble to service new orders

Nairobi, Aug. 5 -- Private firms in Kenya stepped up recruitment of workers on short-term contracts in July as they raced to cope with rising new orders despite overall production contracting for a fi... Read More

The main sectors banks expect to drive Kenya's economy

Nairobi, Aug. 4 -- Commercial banks are betting on traders and builders as the country's drivers of economic expansion, channelling more than half of fresh credit into commerce and construction busine... Read More

DP World's Mombasa deal deepens Kenya footprint

Nairobi, Aug. 4 -- Dubai-headquartered ports and logistics firm DP World has inked a deal to develop an industrial park on the Kenyan coast, signalling plans to diversify into light manufacturing, war... Read More

Power imports surpass local wind generation

Nairobi, Aug. 3 -- Electricity imports from Ethiopia and Uganda overtake local wind generation as the country increasingly relies on neighbouring nations to starve off blackouts and power rationing. ... Read More

KRA shifts to blockchain technology to cut cargo delays

Nairobi, July 31 -- The Kenya Revenue Authority (KRA) targets a shift to a blockchain-powered trade platform to speed up cargo movement by replacing cumbersome paperwork with instant digital records. ... Read More

Costly transport pushes inflation to second-highest level in 30 months

Nairobi, July 31 -- Kenya's average year-on-year consumer inflation rose to 6.5 percent in July, the second-highest level in 30 months, largely on elevated transport costs. Data by the Kenya National... Read More

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