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All eyes on Uhuru as Speaker Muturi forwards Finance Bill 2018
By Benjamin Muriuki,
2103, September 13, 2018 (EAT)
National Assembly Speaker Justin Muturi has delivered the controversial Finance Bill 2018 to President Uhuru Kenyatta for consideration. State Hous...
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Opinion: Kenya’s sky-high fuel prices will plunge country into financial crisis
By Citizen Reporter,
1926, September 11, 2018 (EAT)
By Desmond Boi Kenya’s economic architects seem to have unreservedly resolved to leave the economy hanging in the balance by imposing the now inf...
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Fuel tax: Uhuru to meet CS Rotich, Speaker Muturi at State House
By Citizen Reporter,
1230, September 11, 2018 (EAT)
President Uhuru Kenyatta is expected to meet Treasury Cabinet Secretary Henry Rotich and Parliament Leadership on Tuesday over the 16percent fuel tax....
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Kenyans now fueling vehicles in Uganda as fuel prices soar
By Brian Okoth,
1715, September 3, 2018 (EAT)
A section of motorists in Busia County are now forced to cross borders into Uganda to fuel their vehicles in the wake of rocket high petrol and diesel...
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ERC releases new fuel prices, Ksh.127 for super petrol in Nairobi
By Citizen Reporter,
1914, September 1, 2018 (EAT)
The energy regulator has finally released new fuel prices that reflect the 16percent Value Added Tax as ordered by Treasury Cabinet Secretary Henry Ro...
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Fuel tax must be implemented from September 1: Rotich
By Citizen Reporter,
1233, September 1, 2018 (EAT)
Treasury CS Henry Rotich has insisted that the 16percent fuel tax will be implemented on September 1 as it is law. This means that effective midnig...
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MP proposes Ksh.6 trillion national debt ceiling
By Sophie Kinoti,
1430, August 30, 2018 (EAT)
Emgwen MP Alex Kosgey has proposed a Ksh.6 trillion national debt ceiling to cushion the country from the rising debt. In a bill that proposes to a...
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Motion to impeach CS Rotich ready
By Sam Ogina,
2056, August 15, 2018 (EAT)
Despite being saved by the rejection of the sugar probe report in the National Assembly, Treasury Cabinet Secretary Henry Rotich is staring at a possi...
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Matatu fares to be increased in September over new tax levy
By Werunga Kevin,
1226, August 11, 2018 (EAT)
Matatu fares are set to increase after a Government move to introduce 16 per cent Value Added Tax (VAT) on fuel products next month. According to M...
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China accused of hoodwinking poor nations, debt overload
By Reuters,
933, July 17, 2018 (EAT)
China is saddling poor nations with unsustainable debt,Ray Washburne, head of the U.S. Overseas Private Investment Corporation (OPIC) has said. Acc...
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Our debt is sustainable, CS Rotich says on 2018/19 budget
By Kepha Muiruri,
841, June 12, 2018 (EAT)
Kenyans will have to fork out even more in the next financial year to tend to the increasingly national debt. According to the budget estimates pre...
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Treasury avoids dealing with rate cap in draft law
By Reuters,
1204, May 24, 2018 (EAT)
A promised move to repeal Kenya's cap on commercial lending rates does not appear in a draft bill on financial markets that was published late on Wedn...
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Treasury eyes credit management bill in rate cap scrap bid
By Kepha Muiruri,
1837, April 13, 2018 (EAT)
The National Treasury has rubbished the remarks from members of the national assembly who threatened to collapse any motion calling for the repeal of ...
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Robert Godec to be replaced as U.S. envoy to Kenya
By Rachel Ombaka,
849, March 29, 2018 (EAT)
Robert Godec will no longer be U.S. Ambassador to Kenya, a statement from the White House has said. President Donald Trump on Wednesday indicated h...
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CBK cuts base lending rate to 9.5pc to spur growth
By Citizen,
1802, March 19, 2018 (EAT)
Kenyans can now access loans at lower interest rates after the Central Bank of Kenya’s (CBK) Monetary Policy Committee (MPC) lowered the base lendin...
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IMF grants 6-month extension on Sh150bn credit line
By Michael Karanja,
1053, March 14, 2018 (EAT)
The International Monetary Fund (IMF) has approved a request by the government to extend an emergency loan facility for a period of six months. The...
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Tanzania president says will not bail out struggling banks
By Reuters,
1424, March 12, 2018 (EAT)
Tanzania's President John Magufuli has ordered the country's central bank not to bail out any struggling banks as East Africa's third-largest economy ...
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Treasury asks for 6-month extension of Sh150bn IMF facility
By Reuters,
1551, March 8, 2018 (EAT)
Kenya has asked the International Monetary Fund (IMF) to extend its $1.5 billion standby credit facility that expires in March for a further six month...
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DP Ruto defends Kenya’s appetite for borrowing
By Wahome Gitonga,
1745, February 23, 2018 (EAT)
Deputy President William Ruto on Friday defended the Jubilee government's borrowing spree that has sunk the country into a Ksh.4.8 trillion debt. S...
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United in greed: Only money unites Jubilee and NASA MPs
By Stephen Letoo,
1235, February 23, 2018 (EAT)
Even after the International Monetary Fund (IMF) raised concerns over high government borrowing, Jubilee and NASA MPs on Thursday united to push for h...
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