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Nairobi County goes after property owners to fund Ksh 40B budget

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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

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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

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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

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The Central Bank of Kenya (CBK) new governor Dr Kamau Thugge projects inflation rate to subside to within medium term target by end of...

Treasury directs state agencies to prioritize pending bills payment

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The National Treasury has directed accounting officers of state corporations, funds and semi-autonomous agencies to prioritize payment of pending bills before the closure of...

EAC countries’ budgets anchored on economic transformation 

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The East African Community (EAC) finance ministers Thursday unveiled their 2023/24 expenditure plans simultaneously as per the trade bloc's treaty. This was with the exception...

Budget: A look at the Ksh 3.6T FY2023/24 expenditure

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The Budget and Appropriation committee has proposed to increase the 2023/24 financial year budget by Ksh 80 billion.  If adopted by parliament, recurrent expenditure will...

BUDGET: Ksh 268B lined up for Bottom-up value chains

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The government plans to spend Ksh 268 billion in the FY2023/24 budget on value chains that will support delivery of Bottom-Up Transformation Agenda (BETA). The...

Engineers’ board says skilled manpower key to economic growth

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Engineers Board of Kenya (EBK) has said successful implementation of key economic plans by the government will be pegged on availability of professional engineering...

Congress approves debt deal, averting a US default

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The US Congress has approved a deal to lift the country's borrowing limit, days before the world's largest economy is due to default on...

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