CS Mbadi Seeks Public Views on Kenya’s Economic Situation
The National Treasury is seeking public input on reforms to address debt, counties cash crisis and in general foster inclusive economic growth in the country, in one of the first [...]
Why US Fed's 0.5% Interest Rate Cut Matters to Markets like Kenya
The US Federal Reserve has cut rates by 0.50% the first cut in four years to the range of 4.75% to 5.00%, marking the beginning of an era [...]Kenya to Overhaul Movable Property Security Laws with New Bill
The government is considering changes to laws governing security rights over movable property with the introduction of the Movable Property Security Rights (Amendment) Bill, 2024. The new Bill aims to [...]
Why Treasury Blocked Reallocation of Ksh 1.5b Coffee Fund
Last month, The National Treasury blocked a request from the State Department of Co-operatives seeking to reallocate KSh.1.5 billion from the Coffee Cherry Advance Revolving Fund to support a number [...]China Imposes 6 Month Ban, US$ 62mn Fine, on PwC over Botched Evergrande Audit
China's Securities Regulatory Commission and the Ministry of Finance have suspended accounting giant PricewaterhouseCoopers International (PwC) for six months and fined it 441mn Yuan (US$62 million) over the firm's audit [...]Gov't Gazettes National Committee to Review University Funding Model
President William Ruto has appointed more than 120 people across four sub-committees to review and refine the new university funding model after a public uproar. In the performance of its [...]NHIF Card Will Not Be Valid After 30th September-Social Health Authority
The National Health Insurance Fund (NHIF) will be transitioned to the Social Health Authority (SHA) 1 October despite a High Court case declaring SHIF Act 2023 unconstitutional, the Social Health [...]CS Joho Warns Against Exploring, Mining Strategic Minerals
The government has issued warning to individuals against mining activities on minerals classified as strategic such as Copper, Coltan and Chromite. “As a Ministry, we are committed to execute the [...]Why Kenya Ranks Among World’s Top Expat Destinations
Kenya continues to solidify its position as a leading destination for expatriates, ranking 14th out of 53 countries in the 2024 Expat Insider survey conducted by InterNations. Among the most [...]Compliance with Data Protection Laws Wanting -Data Commissioner
Data Commissioner Immaculate Kassait has decried the low compliance of data processors and controllers with data protection laws despite growing awareness from the public about breaches. At a recent workshop [...]European Central Bank Cuts Rates to 3.5%
The European Central Bank (ECB) has cut its key interest rates by 0.25 percent in its meeting on Thursday, just days ahead of a much anticipated decision by the US [...]CS Mbadi Signals New Budgeting Approach in FY2025/26
Cabinet Secretary for Treasury and National Planning John Mbadi has said that Kenya’s Ministries Departments and Agencies (MDA’s) entire budgets will have to be justified and approved in the 2025/26 [...]
