Institute of Public Finance Calls out State for Funding Weak Programmes
The Institute of Public Finance (IPF) is pushing for the urgent strengthening of linkages between budget planning and execution ahead of June tabling of 2025/26 KSh 4.3 trillion budget, noting that the weak [...]
Unrealistic Budgets Hinder KRA from Hitting Revenue Targets-EY
Big Four professional services firm Ernst Young has linked Kenya Revenue Authority’s (KRA) failure to meet tax targets to unrealistic budgets. The projected total revenue, which includes tax revenues [...]Kenya Names Top Officials to EU Trade Council
Kenya has appointed a team of Cabinet Secretaries to lead its representation on the newly established Economic Partnership Agreement (EPA) Council with the European Union, a key step in operationalizing [...]NCBA to Pay KSh 250,000 for Sending Transaction Emails to Wrong Recipient
The Office of the Data Protection Commissioner (ODPC) has ordered NCBA Bank to pay KSh 250,000 in compensation to a customer whose personal data was mishandled. “In considering whether to [...]AfricaNenda Pushes Digital Payment Frontier in Five African Markets
AfricaNenda, a nonprofit backed by the Gates Foundation, has accelerated digital payment systems development in five African markets including Rwanda, Cabo Verde, Mauritania, South Sudan, and the Central African Economic [...]KCB Sets Pace With Rate Cut to 13.85%
KCB Bank Kenya has reduced its base lending rate from 14.6% to 13.85% per annum, aligning with the Central Bank of Kenya’s (CBK) recent decision to ease the Central Bank [...]
Trade CS, KEBS Summoned Over KSh 420mn Loss in Contaminated Rice Scandal
The Kenya Bureau of Standards (KEBS) is on the spotlight over a Sh420 million loss at the agency through forgery and falsification of documents. “The issue of importing contaminated rice is [...]How One Kenyan Woman is Brewing Hope Amid the World’s Coffee Shortage
The global coffee industry is facing challenges with prices of the commodity soaring to levels not seen since 1970s, driven by persistent supply concerns in key growing regions such as Brazil [...]
Kenya Escalates Crypto Oversight in Bid to Exit FATF Grey List
Kenya is modifying its regulatory capacity on virtual assets such as crypto by proposing tough penalties for firms that operate without a license under a new bill tabled in Parliament [...]Kenya Targets KSh 330Bn in Savings as it Shuts Down Manual Procurement
The government is targeting savings of at least KSh 330 billion as it migrates ministries, departments, corporations and county governments from manual procurement to the e-procurement platform. “It is not [...]Kenya Seeks New IMF Loan Amid Fiscal Strain, Denies Rift with Lender
Kenya has applied for a fresh loan program from the International Monetary Fund (IMF), aiming to roll over about US$800 million left unused from its existing arrangement, according to Treasury [...]Explainer: Inside Kenya’s Public Debt Crisis where Every Citizen Owes Ksh 205,000
In Today’s episode, Maina Chege analyzes a special report on the state of Kenya’s public debt. Our research has revealed that every Kenyan would need to contribute over 205,000 shillings [...]
