Development projects face budget cuts in new austerity measures

By Kepha Muiruri,

The government has sacrificed allocations to development projects in the face of counter productive growth in recurrent expenditure and disappointing ...

development expenditure , Kenya's public debt , National Treasury

Commercial bank loans expected to shape economy in 2020 – Report

By Kepha Muiruri,

The filtering in of new loans into the economy is expected to shape growth prospects across the year following the freeing up of credit terms under th...

2020 economic outlook , Cytonn Investment , Kenya's GDP growth rate

BWIRE: Universities must remain independent

By Victor Bwire,

By Victor Bwire The recruitment of vice chancellors for public universities should be done by respective councils in consultation with the cabinet ...

public universities

OPINION: From gold to ashes; the tragic tale of Nakumatt Limited

By Joseph Bonyo,

As a student at Maseno University, a trip to Kisumu town was never complete without a detour at Nakumatt Mega. Arriving back at the institution with ...

nakumatt , Nakumatt closure

2019 review: Surviving as an ordinary Kenyan now more expensive

By Kepha Muiruri,

In April, the Kenya National Bureau of Statistics (KNBS) released its 2019 Economic Survey placing economic growth by gross output at 6.3 percent over...

economic growth in Kenya

2019 Review: Treasury gets free pass on new borrowing

By Kepha Muiruri,

In a complete mirror opposite to his predecessor, Acting National Treasury CS Ukur Yatani threw in the towel on Kenya’s debt sustainability claims. ...

CS Ukur Yatani , Kenya's debt , National Treasury , PFM Act

CBK: Shilling has largely been undervalued

By Kepha Muiruri,

The Central Bank of Kenya (CBK) has reignited its tiff with the International Monetary Fund (IMF) by disapproving the institution’s stance of the sh...

Central Bank of Kenya (CBK) , IMF , Kenyan shiiling

Nairobi in the red: Treasury threatens to stop allocations

By Citizen Reporter,

The National Treasury has threatened to stop transfer of funds to 15 counties over delays in settling pending bills. Nairobi County leads the count...

Cytonn shelves listing plan, cites depressed stock market

By Kepha Muiruri,

Alternative investments firm Cytonn has put off its public listing plan citing the continued depressed performance of company stocks. The firm whic...

Cytonn Investments , ipo , nse

Parliament slashes supplementary budget, seals Ksh.37B deficit

By Kepha Muiruri,

The Parliamentary Budget and Appropriations Committee has sealed a Ksh.37 billion hole in the first proposed supplementary budget following amendments...

Budget and Appropriations Committee , National Treasury , supplementary budget I 2019/20

MPs wants special forensic audit on Huduma Namba

By Dennis Otieno,

Parliament wants a special forensic audit on the Integrated Identity Management System popularly known as Huduma Namba. This is part of the recomme...

Budget and Appropriation Committee , Huduma Namba

KOT post their photos, dare HELB to publish on newspaper front pages

By Paul Ombati,

Kenyans on social media are now calling a bluff on the 30-day notice issued by the Higher Education Loans Board (HELB) for defaulters to repay their l...

HELB , KOT

Babu Owino headed to court to bar HELB from naming, shaming loan defaulters

By Ian Omondi,

Embakasi East Member of Parliament Babu Owino now says he will be seeking a court injunction barring the Higher Education Loans Board (HELB) from publ...

Babu Owino , HELB , Loan defaulters

HELB to name and shame 85K defaulters who owe Ksh.50B

By Ian Omondi,

The Higher Education Loans Board (HELB) has now given a 30-day deadline to Kenyan defaulters to repay their loans failure to which their names and pho...

HELB

This is why Kenyans are broke

By Citizen,

News that President Uhuru Kenyatta was wondering why Kenyans are broke was the subject of public outrage this entire week. A report from a local me...

banks , debt , loans

OPINION: For lying to us all this time, let’s vote out all sitting MPs come 2022

By Citizen Reporter,

By Michael Cherambos It’s now in the open, our Parliament, the whole group of men and women that sit in the National Assembly and Senate, is a di...

Banks promise not to take advantage of interest cap removal

By Kepha Muiruri,

Banks have vowed not to go back to the exorbitant interest rates they were charging before the introduction of the rate caps which was removed on Tues...

CBK , interest rate caps , KBA

Senate votes to raise Kenya’s debt ceiling to Ksh.9 trillion

By Kepha Muiruri,

Senators have this afternoon approved of the adjustment of the National Assembly-backed revised borrowing ceiling to Ksh.9 trillion. The approval b...

National Treasury , Public debt , senate

‘For 7yrs we have lied about Kenya’s debt,’ Moses Kuria makes stunning revelations

By Duncan Mutwiri,

Gatundu South Member of Parliament Moses Kuria stunned many on Tuesday when he spoke on Kenya's debt burden that currently stands at Ksh.6 trillion. ...

Moses Kuria , parliament , Public debt

U.S. ignores red flags on Kenya’s debt in fixation to match China’s role

By Kepha Muiruri,

The United States government has rolled up its sleeves in a bid to match up to China’s huge infrastructure undertakings in Kenya. The newly found...

china , debt , Kyle McCarter