President Ruto Assents Tax Bills into Law
Earlier this week, President William Ruto signed into law, seven bills including the Tax Laws (Amendment) Bill, the Tax Procedures (Amendment) Bill, the Business Laws (Amendment) Bill, and the Kenya [...]
Push for GMO Products on Dining Table Gathers Momentum
The push for the adoption of Genetically Modified Organism (GMO) food products is on course as the National Biosafety Authority (NBA) says it has received an application for environmental release [...]US, UK Sanction Kamlesh Pattni, 27 Others for Gold Smuggling, Money Laundering
Kenyan businessman and politician Kamlesh Pattni is among 28 individuals and businesses based in Zimbabwe sanctioned by U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) and the [...]Supreme Court Reinstates KSh 1.3bn Compensation for Changamwe Lead Poisoning Victims
This week, the Supreme Court upheld the verdict by the Environment and Land Court (ELC) awarding KShs 1.3 billion to residents of Owino Uhuru village in Changamwe, as damages for [...]Citi Economist On Trump Administration's Implications for Sub-Saharan Africa
Donald Trump's first presidency has often been described as transactional, prioritizing America First policies that reshaped U.S. foreign relations. Economic Impacts of Trump's Policies Trump's trade policies, particularly his tariffs [...]
Is Africa on the cusp of a new Growth Spurt in 2025?
Despite on-going challenges across Sub Sahara Africa (SSA), Citi economists have indicated that that the continent is undergoing another important moment in its growth trajectory. David Cowan, Citi Economist for [...]Kenya’s Central Bank Slashes Key Interest Rate to 11.25%
The Central Bank of Kenya (CBK) has lowered the benchmark interest rate by 75 basis points to 11.25% at its final Monetary Policy Meeting (MPC) of 2024, marking the third [...]Gov't to Monetize Health Data in New Regulations
Medical researchers are set to face hefty costs in accessing health data under the new insurance scheme if the new set of regulations under the Digital Health Act are approved. [...]Nairobi, 9 Other Counties, Spent Nothing on Development in Q1 24/25 -Controller of Budget
Nairobi is among ten counties that did not report any expenditure on development programmes in the first quarter of the Financial Year 2024/25, covering July to September 2024. Kirinyaga and [...]Central Bank Admits Four New Monetary Policy Committee Members
The Central Bank of Kenya has admitted 4 new external members to the Monetary Policy Committee (MPC), after delays as the terms of other 4 existing members expired in August. [...]Relief for Banks as Parliament Proposes Extending Core Capital Hike to 8 years
The National Assembly's Finance and Planning Committee has proposed to extend the period that commercial banks will raise their core capital to at least KSh 10 billion from three to [...]CS Mbadi Turns the Heat on Banks on Borrowing Costs
The government is worried about deteriorating financial health of many Kenyans despite positive economic fundamentals, Treasury and Economic Planning Cabinet Secretary (CS) John Mbadi has said. “We are no longer [...]
