China’s economy grows by a record 18.3% in the first quarter

By CNN,

China just posted its strongest quarterly growth on record as the world's second largest economy continued its robust recovery from the coronavirus pa...

Kenya is using Ksh.2.6 billion daily to pay debt, the same amount it borrows

By Kepha Muiruri,

Kenya is now using Ksh.2.6 billion daily to pay off its outstanding debt according to a new analysis of government spending by Citizen Digital. Thi...

Kenya's debt distress , National Treasury , taxes

Uhuru assents to Supplementary Appropriation Bill, 2021, budget pushes up borrowing by Ksh.125.7B

By PSCU,

President Uhuru Kenyatta assented to the Supplementary Appropriation Bill, 2021 on Tuesday evening at State House, Nairobi. The Supplementary Appropr...

debt , Supplementary Appropriation Bill

Supplementary budget pushes up borrowing by Ksh.125.7 billion

By Kepha Muiruri,

The first 2020-21 supplementary budget estimates approved by the National Assembly will push up borrowing by a further Ksh.125.7 billion increasing Ke...

borrowing , Kenya's debt distress , National Treasury

Laikipia becomes fourth county to earn credit ratings

By Kepha Muiruri,

Laikipia has become the fourth County to earn credit ratings as the devolved units continue to gear up for independent borrowing. On Tuesday, the C...

GCR , Laikipia County.

Kenya’s debt exposures expected to cut 2021 growth prospects

By Kepha Muiruri,

Kenya’s growing exposure to debt is expected to trim 2021 growth prospects even as the economy rebounds from contraction in 2020. According to ec...

debt , John Gachora , NCBA Group

Treasury raises 2021 growth forecast to 7 percent

By Kepha Muiruri,

The National Treasury expects 2021 growth to bounce back at a higher seven percent from its initial projection of 6.4 per cent in January. The enha...

GDP growth , National Treasury

Gov’t to borrow more to finance recurrent expenditure if BBI passes

By Sam Gituku,

Should the Building Bridges Initiative-sponsored constitutional amendments take effect then the Kenyan government will have to effect structural chang...

BBI , National Treasury

Kenya adds Ksh.1.2T to debt stock in 2020

By Kepha Muiruri,

Kenya added Ksh.1.2 trillion to its debt portfolio in 2020 as the country’s stock of debt hit Ksh.7.3 trillion in December from Ksh.6 trillion a yea...

coronavirus , debt

Debt pain as interest payments now eat up 30pc of revenues

By Kepha Muiruri,

For every 100 shillings in tax collected, the government is channelling 30 shillings towards interest repayments on debt as Kenya’s debt pressure ti...

debt , IMF

Sonko in court seeking to block Acting Nairobi Governor Mutura’s new appointments

By Ian Omondi,

Impeached Nairobi County boss Mike Sonko has now gone to court seeking a conservatory order barring acting Governor Benson Mutura from making any chan...

Anne Kananu Mwenda , Governor Benson Mutura , Mike Sonko , nairobi county

2020 review: On public debt, it’s from the frying pan towards fire

By Kepha Muiruri,

In a nutshell, Kenya’s stock of public debt stood at Ksh.1.3 trillion a decade ago, today, this stock has climbed to Ksh.7.1 trillion as of Septembe...

2020 Year in Review , CS Ukur Yatani , National Treasury , Public debt

Kenya’s economic rebound tied to COVID-19 vaccine access

By Kepha Muiruri,

The potential rebound of Kenya's economy in 2021 has been tied down to the access of COVID-19 vaccines and their eventual distribution. According t...

coronavirus , Kenya's economy , vaccine

Migori Speaker Boaz Okoth, 14 others freed on Ksh.300K cash bail each in graft case

By Allan Obiero,

Migori County Assembly Speaker Boaz Okoth and his 14 co-accused were on Wednesday freed by a Kisumu court after denying graft charges. The suspects...

graft , Magistrate Peter Gesore , migori county assembly , Speaker Boaz Okoth

Migori Speaker Boaz Okoth, 13 others spend night in cells over graft allegations

By Allan Obiero,

Migori County Assembly Speaker Boaz Okoth and 13 other suspects spent Tuesday night in police custody in Kisumu after they were arrested over alleged ...

graft , Kisumu law courts , Magistrate Peter Gesore , migori county assembly , Speaker Boaz Okoth

Nick Mwendwa grilled by parliamentary committee over CHAN

By Citizen Reporter,

Football Kenya Federation president Nick Mwendwa was on Tuesday grilled by Parliament's Public Accounts Committee(PAC) on Kenya's missed chance to hos...

GRILLED , Nick Mwendwa , PAC , parliament

OPINION: Why affordable housing is a game changer

By Guest Writer,

Home ownership in Kenya has generally been reserved for wealthy individuals with considerable disposable income and for bankers who have access to loa...

Sonko extends rent waiver on Nairobi County houses by six months

By Benjamin Muriuki,

Nairobi Governor Mike Sonko has extended rent waiver for tenants residing in City County Government houses for six more months citing COVID-19 financi...

city hall , Mike Sonko , NMS

Treasury CS Yatani raises 2020/21 budget to Ksh.2.9trillion

By Kepha Muiruri,

Treasury Cabinet Secretary Ukur Yatani is expected to submit a revised Ksh.2.92 trillion 2020/21 supplementary budget for approval by the National Ass...

budget , National Treasury , Ukur Yatani

Sonko: Why I refused to sign the 2020/2021 Appropriation Bill

By Citizen Reporter,

Nairobi Governor Mike Sonko has defended his refusal to sign the 2020/2021 Appropriation Bill, saying he only followed the law. Sonko dismissed cla...