President Ruto Dissolves Cabinet, Principal Secretaries Take Charge
The government will temporarily operate without Cabinet following dismissal of all Cabinet Secretaries by President William Ruto on Thursday. Deputy President Rigathi Gachagua and Prime Cabinet Secretary Musalia Mudavadi are [...]
Job Loss Fears in Industries Derail Climate Policy Changes
Concerns over job loss in high greenhouse gas (GHG) emission industries risk undermining public support for climate change mitigation policies, OECD Employment outlook 2024 warns. He says policy makers should [...]Kenya Shilling, Stock Market Outperform Global Peers in H1 2024
In the first half of 2024, Kenya's financial markets saw a significant surge with the shilling and Nairobi Securities Exchange (NSE), outpacing global peers. Data compiled by The Kenyan Wall [...]Government, KCB Group Push Back as Audit Exposes Hustler Fund Gaps
The government and KCB Group have come out in defense of the Hustler Fund after the Auditor General pointed out management loopholes likely to lead to loss of public money. [...]Health Ministry Cites Budget Constraints in Tiff with Interns as Pressure Intensifies
The Ministry of Health has said that its options are limited in its ongoing conflict with 3, 000 medical interns who have been protesting outside the ministry's headquarters in Nairobi. [...]ILAM Fahari I-REIT Lists on the NSE's Unquoted Securities Platform
ICEA Lion Asset Managers (ILAM) Fahari I-REIT has been admitted to the Unquoted Securities Platform(USP) of the Nairobi Securities Exchange(NSE), following their delisting from the Main Investment Market in February [...]Kenya Keen Not to Raise Cost of Living via Road Maintenance Levy Murkomen
The government has reassured Kenyans that any decision to get extra money for road maintenance shall not raise the cost of living, following concerns of hike in fuel prices to [...]Debt Audit Taskforce in Limbo after High Court Suspends its Formation
A ruling issued by a High Court judge yesterday has temporarily barred the establishment of Kenya's public debt audit taskforce, pending determination of a case filed challenging the process. Pending [...]Moody's Downgrades Kenya's Credit Rating after Finance Bill Collapse
The American credit rating firm, Moody's, has rated the Kenyan government at Caa1 a drop from the B3 level after it announced foregoing revenue-raising measures in the Finance [...]KRA Collects KSh 2.407 Trillion in 2023/24 Financial Year
The Kenya Revenue Authority (KRA) collected KSh 2.407 trillion in the 2023/24 financial year, an increase of 11.1 per cent compared to KSh 2.166 trillion in the previous financial year. [...]Gov't on the Spot over Custom Duties Listed by EAC
Importers of various manufactured goods will encounter a raft of taxes prescribed by the Common External Tariff (CET) gazetted by the East African Community (EAC) on 30th June this year. [...]NEMA Orders Organic Waste Collectors to Adopt Biodegradable Bags
The National Environment Management Authority (NEMA) has declared today as the deadline for the use of plastic bags in garbage collection and disposal. All organic waste generated by households, private [...]
