President Ruto Signs Finance Law On Debt Ceiling
President William Ruto has signed the Public Finance Management (Amendment) Bill into law. The Bill sets the threshold of borrowing at 55 per cent of the Gross Domestic Product (GDP) [...]
Privatisation: Lessons from the past
The idea behind its composition, and the new privatisation process, is to speed up the process by removing bureaucracy, especially in stages that required parliamentary approval and input. This should be great news for both local and foreign investors eager for a stake in the state enterprises on offer, but there are still likely hurdles ahead.President Ruto Approves Privatisation of Loss-Making Government Entities
The Kenyan government has opened up more opportunities for the private sector to participate in the economy through buying of select entities. On Monday, President William Ruto signed into law [...]
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 [...]
