Treasury Publishes Draft Framework for Sharing Mineral Royalties
Treasury has developed a draft framework for sharing revenue from mineral royalties among National Government, County Governments and Communities. In a public notice, Treasury CS Ukur Yatani said the purpose [...]
Kenya to Improve Trade Ties in Switzerland as President Kenyatta is Set To Open New Chancery in the Swiss Capital
President Uhuru Kenyatta is set to opena new chancery in the Swiss Capital of Bern to enhance trade tries between Kenya and Switzerland. Speaking ahead of President Kenyatta’s official visit [...]
Public Debt in Kenya Soars to KSh 8.4 trillion
Public debt stock in Kenya grew to KSh 8.4 trillion as of the end of March from KSh 8.2 trillion in December; this is according to new data from the [...]
Zimbabwe Lifts Temporary Ban of Lending Services by Banks
The Reserve Bank of Zimbabwe has lifted a 10-day temporary ban of lending services by banks. President Emmerson Mnangagwa announced the ban in a bid to halt the runaway depreciation [...]Tanzania Increases Minimum Wage by 23.3%
Tanzania has approved a 23.3% increase in the minimum wage, seeking to protests about the high cost of living. The last time civil servants enjoyed a salary increment was seven [...]Laikipia County KSh 1.16B Bond Get Cabinet Nod
Laikipia County’s planned issuance of a KSh 1.16 bond has received approval from the Kenya's National Government Cabinet. This will be Kenya’s first municipal bond since the entry of devolved [...]Tanzania Moves to Rein in Fuel Prices with TSh100 Million Subsidy
The Government of Tanzania has announced a TSh100 million fuel subsidy, seeking to reduce fuel prices in the country with effect from 1st June 2022. According to the country's Minister [...]Kenya financial regulator drafts new rules to spur listings
Kenya's capital markets regulator has made public new draft regulations in an effort to attract potential issuers to list on the local stock exchange. The Authority hopes the relaxed rules [...]
Morocco Raises Minimum Monthly Wage in the Public Sector by 16%
Morocco has announced an increase in the minimum wage of public and private sector workers. The minimum monthly wage in the public sector will be raised 16%, whereas the private [...]Kenya Partners with Norway to Boost Blue Economy Exploitation
Kenya is in talks with its Norwegian counterparts through the Norwegian Agency for Development Cooperation (NORAD) to help them exploit the blue economy. Blue economy experts say Kenya could inject [...]Zambia's Inflation Declines to Two and a Half Year Low in April
Inflation in Zambia slowed to a two-and-a-half year-low in April, the slowdown occurring for the ninth consecutive month. Even though consumer prices rose 11.5% from a year earlier, compared with [...]Government to Lift Scrap Metal Ban on 1st May
The Government of Kenya has announced plans to gradually lift the ban on scrap metal dealing with effect from 1st May 2022. The ban, which was imposed on 20th January [...]
