Business environment at its worst since November 2017
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...
Ruto to Honor Uhuru’s Broken Promise to Mark Masai
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 Says Kenya’s Debt Levels Still Within ‘Moderate’ Range
IMF keeps changing tune on the health of Kenya's economy
More IMF loans to blame for rise in fuel prices
MPs have threatened to impeach the Treasury Cabinet Secretary
You Will Pay More for Power in January 2023 – Here’s...
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.
October inflation down to 5.53% as food, electricity prices drop
Transport also drives inflation down but cost of living in October is the second highest this year
Nelson Havi Lands Top Gov’t Job
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.
Kenya Airways Recruits New Pilots as Strike Enters Day 3
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.
Growth in Kenyan banking to lag behind larger economy in 2019
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
Ruto Promises ‘Cheapest Smartphone in Africa’ by Next 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'.