Growth, inflation, trade and the public finances.
The Kenyan government is facing growing scrutiny following revelations that Sh6.5 billion collected through the country’s e-visa system was held in a Swiss bank account, bypassing the Constitutionally mandated Consolidated Fund. Between August 2024 and…
The Energy and Petroleum Regulatory Authority (EPRA) has announced a modest drop in fuel prices for the pricing cycle running from April 15 to May 14, 2025, offering slight relief to motorists and households. In Nairobi, the revised pump prices are: Super…
The Kenya Pipeline Company (KPC) has raised the alarm over a fake job advertisement circulating on social media, warning Kenyans not to fall victim to the latest employment scam targeting desperate job seekers. The bogus ad claims that KPC is offering 187 job…
Brussels, April 2025 — The European Union has announced the allocation of €258 million in humanitarian aid to support the most vulnerable populations in the Greater Horn of Africa, West Africa, and Central Africa. The funding is aimed at…
Nairobi, April 14, 2025 — The Kenya National Highways Authority (KeNHA) has issued a public alert over major traffic disruptions expected along the Mombasa–Malaba transport corridor due to the movement of an abnormally large cargo load. The oversized convoy,…
Kenya’s flower farming sector remains a blooming pillar of the economy, showcasing resilience and innovation even as it contends with mounting global and domestic pressures. As one of the world’s top exporters of cut flowers — with roses making up nearly 70%…
The Kenya government will focus on enhancing revenue collection and improving tax administration instead of introducing new taxes in the upcoming Finance Bill 2025, according to Government Spokesperson Isaac Mwaura. Speaking at a press briefing on Monday,…
April 2025, Lusaka, Zambia — The COMESA Competition Commission has found Heineken Holding N.V. guilty of engaging in anti-competitive practices across its distribution networks within COMESA member states. According to a formal statement, the Commission…
Access Bank has finalized the acquisition of 100% shareholding in the National Bank of Kenya (NBK) from KCB Group, marking a significant development in Kenya’s financial sector. The transaction received formal approval from the Central Bank of Kenya (CBK) on…
The Kenyan government has officially terminated a €1.3 billion (approximately KSh190 billion) Public-Private Partnership (PPP) agreement with a French consortium led by VINCI Concessions and Meridiam SAS. The contract aimed to upgrade the Nairobi–Nakuru–Mau…
NCBA Bank has been slapped with a Sh250,000 fine by the Office of the Data Protection Commissioner (ODPC) for violating Kenya’s data privacy laws after it inadvertently shared a customer’s personal information to the wrong email address. The fine, issued…
NAIROBI, Kenya – The University of Nairobi (UoN) has secured the green light from the National Treasury to develop 4,000 student hostel beds under a Public-Private Partnership (PPP), in a bold move to address the university’s chronic accommodation shortage.…
President William Ruto’s plan to privatise state-owned enterprises has hit a legal snag after the Court of Appeal declined to suspend a High Court ruling that declared the Privatisation Act 2023 unconstitutional. The appellate court dismissed an application…
A Sh33.9 million tender by the National Housing Corporation (NHC) for a Building Information Modeling (BIM) system has been cancelled by the Public Procurement Administrative Review Board (PPARB) over irregularities in the evaluation process. The tender,…
In a notable shift in global foreign exchange markets, the US dollar has experienced a decline against major currencies, while both the euro and the Japanese yen have gained ground. Amid these fluctuations, the Kenyan shilling has managed to hold steady,…
In a decisive move to sharpen Kenya’s trade edge with the European Union, President William Ruto has appointed Trade Cabinet Secretary Lee Kinyanjui as co-chair of the Economic Partnership Agreement (EPA) Council. The appointment, announced via a Gazette…
The recent lead story in The Standard titled ‘Man of Steel: Devki Boss’ Iron Hold on Ruto’s Government” left readers with more questions than answers. Rather than scrutinizing government malfeasance, it instead appears to cast aspersions on investor Narendra…
NAIROBI, Kenya – The Government’s rollout of the Electronic Rental Income Tax System (eRITS) has been hailed as a transformative step towards a smarter, more transparent tax system. Principal Secretary for National Treasury, Chris Kiptoo, described the…
Kenya’s motor vehicle industry is facing a severe disruption due to a nationwide shortage of number plates, delaying vehicle registrations and creating financial burdens for importers and dealers. The shortage has led to a growing backlog of unregistered…
NAIROBI, Kenya – Two foreign-owned banks have missed the Central Bank of Kenya (CBK) deadline to submit their plans for raising core capital to Sh10 billion, instead requesting more time to comply. CBK Governor Kamau Thugge disclosed the update during a…
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