State to Increase SMEs Credit Scheme to KSh10 Billion
The State has announced plans to increase the Credit Guarantee Scheme (CGS) capital for SMEs from the current KSh4 billion to KSh10 billion over the medium term. While presenting the [...]
Mombasa Tea Auction Adopts $2.12 Million Digital Trading Platform
The East African Tea Trade Association (EATTA) has launched a $2.12 million digital trading platform at the Mombasa Tea Auction. The platform was funded by the Danish International Development Agency [...]NSE Weekly Equity Turnover falls 43% to KSh 1.1 B
The Nairobi Securities Exchange(NSE) recorded a decline in weekly equity turnover to KSh 1.1 Billion when trading closed this Friday, from the previous week's KSh 1.95 Billion, a drop of [...]
Education Sector takes lion’s share in Kenya’s 2022/23 Budget
The Education Sector is the biggest beneficiary in Kenya’s 2022/23 budget, gobbling a whopping KSh 544.4 Billion. This allocation is followed by that of County Governments (KSh 407.0 Billion), Infrastructural [...]Manufacturing Sector Receives 10.1 Billion in 2022/23 Budget
The local manufacturing sector is among the biggest winners in Yatani’s 2022/23 budget, getting a number of exemptions from tax as the country seeks to reap more from the sector. [...]
CBK to Engage in Trading of Govt. Bonds
The National Treasury intends to amend the Central Bank of Kenya(CBK) Act to facilitate the establishment of a Central Securities Depository System that will allow the monetary authority to engage [...]World Food Prices Reach an All-Time High in March
World food prices hit an all-time high in March as Russia’s invasion of Ukraine sent “shocks” through markets for staple grains and vegetable oils, the UN’s Food and Agriculture Organization [...]KRA to Rebrand As it Pursues Tax Evaders
Kenya Revenue Authority(KRA) intends to change its name to Kenya Revenue Service to enhance its public image, ensure tax compliance and maintain a clear focus on taxpayers’ needs. The rebranding [...]Kenya Airways to Rationalize Flight Frequencies to Cut Cost
The national carrier, Kenya Airways(KQ) will be expected to trim its network and rationalize its flight frequencies as the government moves in to revive it from losses, Treasury CS Ukur [...]Nairobi International Financial Hub to open this year
Nairobi International Financial Centre(NIFC) is set to officially open for business later this year. This disclosure was made by Treasury and National Planning Cabinet Secretary Ukur Yatani, while reading the [...]Treasury allocates Ksh 146.8 Billion to the Health Sector
National Treasury Cabinet Secretary Ukur Yatani allocated Ksh 146.8 billion to the healthcare sector out of which Ksh 62.3 billion will cover Universal Health Coverage (UHC). “Of this amount, Ksh [...]Kenya Budget 2022/23; Fiscal Deficit To Shrink To Sh862.5bn
In the 2022/23 budget presented on Thursday by Treasury CS Ukur Yatani, the government said it expects its fiscal deficit to narrow to Sh862.5billion which is 6.2 per cent of [...]
