Tag: Economy
Fed raises interest rates to highest in 22 years
The US central bank has raised interest rates to the highest level in 22 years as it fights to stabilise prices in the world's...
Govt. meets 91pc of FY2022/23 spending plans
The government managed to raise Ksh 3.24 trillion in total revenue by the close of the 2022/23 fiscal year against the original estimate of...
IMF approves Ksh 136B loan for Kenya
Kenya will receive an immediate disbursement to the tune of Ksh 58.6 billion from the International Monetary Fund (IMF) to meet its budgetary expenses.
This...
Diaspora remittances fall to Ksh 48.8B in June
Kenyans living abroad sent home Ksh 48.8 billion ($345.8m) in June this year compared to Ksh 49.6 billion ($352.1m) they sent home in May...
KRA tax collection up 6.7pc to Ksh 2.17T, but below target
The Kenya Revenue Authority (KRA) has said it collected Ksh 2.17 trillion in a year to June 30, 2023, which is a 6.7pc growth...
Treasury secures Ksh 70B to fund stalled projects
The National Treasury has secured Ksh 70 billion ($500m) through a syndicated loan organized by a consortium of five international lenders.
This is part of...
Nairobi County goes after property owners to fund Ksh 40B budget
Property owners in Nairobi City could see significant rise in rate charges as part of news measures the county government is seeking to introduce...
Bridging the credit gap to propel businesses amidst turbulence
In an era dominated by the digital revolution, e-commerce has emerged as a game-changer, redefining the way businesses connect with consumers. The rise of...
Sri Lanka: Five-day bank holiday for domestic debt restructuring
Sri Lanka began a five-day bank holiday from Thursday to allow the crisis-hit nation to restructure $42bn (£33.2bn) in domestic debt.
The country is facing...
CBK unperturbed by VAT hike on fuel, predicts growth above 5pc
The Central Bank of Kenya (CBK) new governor Dr Kamau Thugge projects inflation rate to subside to within medium term target by end of...
