47 State Corporations Dissolved as Government Reveals Austerity Plans
The government has revealed extensive austerity measures to cut KShs. 177bn of the KShs. 346 billion deficit in the FY 2024/5 budget after the flop of the Finance Bill 2024, [...]
World Bank Blacklists Ernst Young Kenya from its Projects
The Kenyan unit of global consultancy and professional services firm Ernest Young will miss out on World Bank Group financed projects for the next 30 months in a settlement [...]Banks, Lenders Need Treasury Approval to Raise Interest Rates- Supreme Court
In a landmark ruling with far reaching consequences for banks and other lending institutions, the Supreme Court has affirmed an earlier decision that a bank should seek approval from Treasury [...]Global Firms Mull Placing Kenya Investments on Hold as Risks Uncertain
As Kenya reels from protests and uncertainty, even after President Ruto's announced his administration would be withdrawing the Finance Bill 2024, some foreign companies are considering temporarily pausing their investments [...]
Editorial: A Call for Accountability and Change
Yesterday, the Finance Bill 2024 passed in a majority vote in Parliament, despite protests across the country that it would worsen the future in an already struggling society. While the [...]LIVE BLOG: Protests Continue Despite Gov't Concession on Finance Bill 2024
Protestors returned to the streets on Thursday, despite President Ruto's administration conceding to demands that the Finance Bill 2024 be withdrawn and his deputy asking for the protests to be [...]Kenya Clears the June 2024 Eurobond
Kenya has cleared the balance US$ 556.97 million of the US$2 billion Eurobond that was due by 24th June 2024, and around which a lot of the fiscal policies have [...]Kenya’s Forex Reserves Hit 2 Year High
Last week, Kenya’s forex reserves shot up 18.7% to US$ 8,321 million, enough to cover 4.3 months of import cover from US$ 7.012 million, the highest in two years. This [...]MPs Differ as Finance Bill 2024 Sails to Next Stage
The Finance Bill 2024 has sailed through to the second reading after Members of Parliament voted 204 yes against 115 who voted no. The move now gives the legislatures opportunity [...]LIVE BLOG: Parliament Approves Finance Bill 2024, Triggers Next Legislative Step
The National Assembly has approved the controversial Finance Bill 2024 in its Second Reading, as thousands of voters protest in Nairobi, Mombasa, Kisumu, and other towns across the country, as [...]Finance Bill 2024: Treasury Warns of KShs. 200bn Hole, Budget Cuts
The government will have to slash budgets for crucial departments if MPs do not endorse the revenue-raising measures contained in the Finance Bill 2024, the Treasury told Parliament in a [...]Finance Bill 2024: Major Issues Remain Unsolved on Fuel, Tax Base
While the finance committee of the National Assembly tabled its report on Tuesday afternoon with a few amendments on tax measures in the midst of ongoing protests in Nairobi and [...]
