IMF Sets Loan Condition for Kenya to Drop Fuel Subsidy by October
Fuel prices are likely to skyrocket after the International Monetary Fund (IMF) set a fresh loan condition requiring Kenya to drop the fuel subsidy programme by October. The multilateral lender [...]
AfDB Approves KSh10.9 Billion to Support Kenya's Push for Cleaner Procurement Processes
The African Development Bank (AfDB) has approved KSh10.9 billion loan to support Kenya's push for cleaner procurement processes. According to the bank, some of the funds would go towards supporting [...]40 Million eyeballs expected in Kenya's 2022 Presidential Debate
Kenya's third presidential debate will be held on 26th July 2022 ahead of the August 9 General Election. According to the Presidential Debates Secretariat, the action is set to begin [...]KRA Surpasses Targets to Hit KSh2 Trillion Collection Mark
The Kenya Revenue Authority (KRA) has for the first time hit a revenue collection mark of KSh2 trillion, surpassing the set target for 2021/22 by close to KSh150 billion. The [...]Kenya launches Nairobi International Financial Centre (NIFC)
The Kenyan Government has officially launched the Nairobi International Financial Centre (NIFC), a flagship initiative under the economic pillar of Kenya’s Vision 2030. NIFC is designed to strengthen the country’s [...]AfCFTA Could Lift 50 Million Africans from Extreme Poverty World Bank
The African Continental Free Trade Area (AfCFTA) has the potential to bring significant economic and social gains for the continent and lead to higher incomes, lower poverty, and accelerate economic [...]Kenya's Q1 2022 GDP Hits 6.8% Driven by Finance Sector
Kenya's real gross domestic product (GDP) rose by 6.8% year-on-year in Q1 2022, the highest first quarter level in 12 years, according to data issued by the Kenya National Bureau [...]GoK Sets August 6 as Deadline for Importing Maize under New Tax Waivers
The government of Kenya has placed 6th August 2022 as the deadline for importing maize by all those interested, while the recently announced tax waivers are still in place. Agriculture [...]Mobile Phone Prices to Increase after New 10% Excise Duty
Mobile phone prices are set to increase following a new duty imposed on the gadgets that takes effect on Friday, 1st July 2022. The Finance Act 2022 has imposed a [...]IMF to Delay Disbursing KSh28.7 Billion Loan to Kenya
The International Monetary Fund (IMF) Executive Board is set to delay its approval to disburse a KSh28.7 billion loan to Kenya. While the country had hoped to get the board’s [...]Zimbabwe Tables Measures to Curb Rising Costs of Bread
The Reserve Bank of Zimbabwe (RBZ) has agreed with the Bakers Association of Zimbabwe on some measures to stabilize the price of bread that has risen sharply over the past [...]Central Bank Hikes Key Rate for the first time in nearly 7 Years
The Central Bank of Kenya top organ, the Monetary Policy Committee (MPC), on Monday May 30th 2022, raised the benchmark rate for the first time since July 2015. The MPC [...]
