The Ministry of Agriculture, Livestock, Fisheries, and Co-operatives has announced new subsidized fertilizer prices after the government availed a Sh3.5billion fertilizer subsidy. This follows a directive by President William Ruto …
Kenya News
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Kenya spent 63.5pc of tax collections in two months to repay its creditors
Kenya spent 63.5 percent of tax collections in the first two months of the current financial year to repay its creditors, pointing to an elevated risk of debt distress. Debt …
Central Bank of Kenya Governor Patrick Njoroge has urged members of the National Assembly to play an active role and deter debt accumulation in the country. Njoroge who spoke on …
- Banking, Finance & InvestmentEconomyKenya News
Ruto faces return of costly foreign loans in the first year of the new administration
The Treasury has said Kenya will find it challenging to sustain reliance on multilateral lenders like World Bank Group for external funding, signaling a return of costly foreign loans in …
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Microsoft and Google talent war hit Kenyan firms as wages raise
Local companies are struggling to recruit and retain key talent as US tech titans led by Microsoft, Amazon and Google tilt the market in their favor with high salaries and …
- Banking, Finance & InvestmentEconomyGlobal NewsKenya News
World Bank Warns of rising Global Recession Amidst Simultaneous Rate Hikes
The threat of a global recession is growing as central banks focus on bringing down soaring inflation rates, the world bank warned Thursday, calling on governments to help boost supply …
- EconomyKenya NewsTransportation & Logisitics
Standard Gauge Railway profit grow 7.8pc to Sh7.1 billion
Cargo and passenger revenues from the Standard Gauge Railway (SGR) rose 7.8 percent to Sh7.1 billion in the six months to June, extending recovery from the global Covid-19 disruptions. The …
The energy regulator has made a U-turn and increased electricity prices by 15.7 percent, reversing the January cuts by the former President Uhuru Kenyatta administration, in what has handed consumers …
CPF Financial Services is set to administer the Public Service Superannuation Fund after the Court of Appeal directed the fund’s Board of Trustees to honor a contract that the company …
- EconomyKenya NewsTravel & Tourism
Kenya’s Tourism Arrivals Remain Below 2019 Levels as covid-19 effect continue to linger
Kenya’s international tourism arrivals from the beginning of the year to August remained way below 2019 levels as Covid-19 effects continue to linger, new data shows. According to the data …