Treasury CS Njuguna Ndung'u Unveils Kenya's Ksh 3.9Trillion Budget
Treasury cabinet secretary Njuguna Ndungu on Thursday presented to Parliament the Financial Year 2024/2025 budget, which the Kenya Kwanza administration says will build upon progress so far made to revitalize [...]
Blackrock Shuts Down iShares Frontier and Select EM ETF (FM) Fund
BlackRock, the world’s largest asset manager, plans to liquidate nine exchange-traded funds (ETFs), including the $401 million iShares Frontier and Select EM ETF (FM) Fund which had invested in Kenya. [...]Victory for Wasoko as Court Suspends February Verdict on Nine Ex-Employees
Kenyan B2B e-commerce startup, Wasoko, will no longer be compelled to retain nine ex-employees in its payroll after a court decision revoked the decision made in February this year. Before [...]CBK Accepts Bids Worth KSh 30.17 Bn in Reopened Bonds Sale
The Central Bank of Kenya (CBK) has raised KSh 30.17 billion from its June auction of the reopened five-year and ten-year bonds whose sale closed on Wednesday. The weighted average [...]Farmers Shy Off Credit due to High Interest Rates, Hustler Fund Shows Steady Rise CBK
Output price fluctuations, lack of collateral and high interest rates continue to lock most Kenyan farmers from loans, a new survey by the Central Bank of Kenya (CBK) states. “High [...]Kenya Power to Update 7.4 Million Pre-Paid Meters
Customers using Kenya Power pre-paid meters will be expected to embark on a free update exercise before the end of August this year to prevent them from being locked out [...]Private Security Regulator to Enforce KSh 30,000 Minimum Wage
The Private Security Regulatory Authority has ordered security firms to comply with the set minimum wage and pay its guards not less than KSh 30,000. In furtherance of its mandate [...]State Writes-Off KSh 6.8Bn Debt in Coffee Reforms Agenda
The government has written-off historical debts amounting to Ksh6.8 billion owed by coffee farmers nationwide, knocking down one of the many recommendations by the National Task Force on Coffee Sib-Sector [...]Transport CS Proposes Raising Fuel Levy by 7 Shillings
Fuel prices are likely to rise if parliament approves a proposal by the government to raise the fuel levy from KSh. 18 to KSh. 25, in the first proposed review [...]State to Divest from 6 Listed Companies
Cabinet has approved the divestiture of the state’s shareholding in six listed firms on the Nairobi Securities Exchange (NSE), including its shareholding in the bourse itself. “The divestiture in the [...]Oil and Gold Markets on Edge: A Week of Crucial Data and Uncertain Policy
The global oil and gold markets are poised for a week of heightened anticipation as critical economic data releases and central bank decisions loom large. These events will shape the [...]IRA Dismisses Reports on Closure of Directline Assurance
The Insurance Regulatory Authority (IRA) has dismissed reports on the closure of Directline Assurance company, terming them illegal. “The Insurance Regulatory Authority (the Authority) has taken note of communication released [...]
