ECONOMY

The country's private sector economy took a hit in April as business activity and employment indicators hit a 17 month low on the back...

A High Court judge had previously ordered the State to disclose terms of the deal, but the former administration fought against the order, citing non-disclosure clauses and national security concerns

IMF keeps changing tune on the health of Kenya's economy

MPs have threatened to impeach the Treasury Cabinet Secretary

Energy and Petroleum Regulatory Authority (Epra) director-general Daniel Kiptoo confirmed to journalists that the power subsidy would not be extended past the end of year. It had been introduced by President Kenyatta in January alongside other reforms intended to cushion Kenyans from the high cost of power.

Transport also drives inflation down but cost of living in October is the second highest this year

Havi unsuccessfully contested for the Westlands parliamentary seat on a United Democratic Alliance (UDA) ticket in the 2022 elections. He is one of several allies of President William Ruto who have landed plum appointments in his administration.

It remains to be seen how quickly Kenya Airways could potentially recruit and onboard new pilots, particularly in the face of a global pilot shortage and its own financial struggles. With the post-Covid bounce back in the aviation sector, demand for pilots is projected to outstrip supply in most regions globally between 2022 and 2024 — and continue to worsen over the next ten years.

The law capping interest rates continues to elicit debate among economies experts. The Economist has warned that the cap on interest rates will suppress growth in Kenya's banking this year

Reiterating his desire to grow the digital economy, improve connectivity and empower Kenyans, particularly low-income earners, traders and business people, Ruto disclosed plans to manufacture 'the cheapest smartphone in Africa'.