Home ECONOMY Page 4


Kenya is the biggest economy in East Africa and most watched in sub-Saharan Africa, being the regional business hub. BT brings you comprehensive coverage of the various economic sectors.

One Town One Bar: Storm Over Rigathi’s Alcoholism Proposal

Gachagua is pushing county governments in the Mt. Kenya region to cut the number of the entertainment joints whose licenses allow them to operate late into the night, as opposed to regular bar licenses requiring them to close at 11 pm.

Hustler Fund Is Increasing Loan Limits – On One Condition

The government is looking to partner up with saccos for disbursement of the funds to eligible borrowers as the Hustler Fund enters its second phase.

Civil Servants to Earn More as Housing Allowances Rise

“The new rates for the house allowances shall apply to all public officers, other than state officers at the national and county government, including state corporations from the scheduled effective date of implementation. Respective employers in the civil service should initiate Collective Bargaining Agreements (CBAs) with the relevant trade unions in the implementation of the reviewed/harmonised herein” a circular from the SRC confirmed.

Kenya’s Economy Projected To Slow Down At 5% in 2023

Kenya’s economy is expected to remain subdued in 2023, growing at a projected 5%, pulled down by a persistent rise in commodity prices, global...

Inside De La Rue – Kenya’s Troubled Money Maker

Kenya's shilling is one of 69 currencies for which De La Rue is responsible for selling high-security paper and printing technology. Besides cash, it helps governments among other authorities produce driving licenses, passports, tax stamps and food vouchers - all loaded with high-security features.

US, UK Pour Billions Into Nairobi Data Centre

ADC’s expansion at the new site is expected to be completed in the first half of 2024 and will deliver five times more capacity than is currently installed.

Proposed M-Pesa, KRA Link and Why it Has Kenyans Worried

A proposal to link mobile money and Kenya Revenue Authority (KRA) systems is causing jitters. The proposal contained in the draft budget policy statement is one of several measures intended to ensure the taxman hits its target of collecting Ksh3 trillion in the next financial year (2023/2024).

The Return of Joe Sang’ – Ousted MD’s Unlikely Comeback

Sang was appointed to the helm of the petroleum transportation, storage and handling behemoth in April 2016, but resigned at the end of 2018.

Beauty Tax: KRA Turns to Cosmetics for More Tax Revenues

Prices of cosmetics in Kenya are likely to increase if a new proposal to raise excise stamp fees sails through. The National Treasury is looking to raise excise stamp fees charged on cosmetic products from Ksh0.6 per stamp to Ksh2.5 per stamp.

No Fees for Junior Secondary, But Prepare for New Uniforms

This follows concerns raised by parents and teachers' unions on the potential introduction of school fees for junior secondary despite the Constitution guaranteeing free learning for primary and secondary school students - although secondary school students still pay various other fees.