Kenya, US Finalizing New Trade Deal
Kenya and the United States are finalizing a new trade agreement. President William Ruto and his US counterpart, Joe Biden agreed to expedite the Strategic Trade and Investment Partnership agreement. [...]
Cabinet authorizes Partial Lifting of Moratorium on Issuance of New Mining Rights, approves Co-operative Bill
The government has moved to strengthen cooperatives across the country and protect members fund from misuse with the approval of cooperatives Bill, 2023, at Cabinet level. The proposed law is [...]
Monetary Policy Committee Retains Central Bank Rate at 10.5 Per Cent
The Monetary Policy Committee (MPC) has retained Central Bank Rate at 10.50 per cent In making the decision, MPC noted that inflation is expected to remain within the target range, [...]Slow Implementation of Legal Instruments Weighs on Comesa Programmes
The slow implementation of some legal instruments within COMESA bloc is delaying advanced regional integration. The delay in domestication of the instruments at national level has hit the COMESA-EAC-SADC tripartite [...]CBK Urged to Further Hike the Benchmark Rate at October Meet
The Central Bank of Kenya (CBK) has been urged to maintain its foot on the gas pedal and further tighten its monetary policy stance at the next top decision-making meeting [...]
National Treasury Drafts Strategy to Catch Tax Cheats
National Treasury and Economic Planning Ministry in Kenya has crafted a plan that will link the tax systems at the Kenya Revenue Authority(KRA) with data at the Integrated Population Registry, [...]Nairobi Declaration; African Leaders Call for Global Support to Address Climate Crisis and Economic Challenges
African leaders have taken a bold stance on the global stage, highlighting the urgent need for equitable solutions to the climate crisis and economic development. While closing the three day [...]Climate Summit; Lack of Political Goodwill Limits Africa from Accessing Renewable Energy
African leaders have decried low investment in renewable energy in the continent, an abundant resource capable of lifting the continent out of power deficit it currently witnesses. Africa has an [...]Kenyan Counties Receive Sh 7.2B Towards Climate Initiatives
President Ruto on Monday handed over Sh 7.2 billion to counties under the Financing Locally-LED Climate Action (FLLoCA) programme in the form of county climate change investment grants. The FLLoCA [...]Inaugural Africa Climate Summit Ministerial Day; Path to Resilient and Sustainable Future
The inaugural Africa Climate Summit (ACS) commenced with a Ministerial Day, heralding a significant step towards addressing the pressing climate challenges facing Africa and the world. The overarching theme, Driving [...]Kenya Tightens Money Laundering, Terrorism Financing Rules
President William Ruto has signed the Anti-Money Laundering and Combating of Terrorism Financing Laws (Amendment) Bill, 2023 into law. The new law will help address deficiencies limiting the fight against [...]Hustler Fund Tops List Of Lenders to MSEs Survey
The Hustler Fund has emerged as the most preferred source of financing for Micro and Small Enterprises(MSEs). According to Finaccess MSE Tracker Survey, August 2023, besides the traditional sources of [...]
