Kenya in talks with World Bank for Ksh.50-100B loan

By Reuters,

Kenya is in advanced talks with the World Bank for “a fairly priced” loan of up to Ksh. 100 billion shillings ($991.57 million). This is nearly...

muia , Treasury , world bank loan

Iced tea, soap, shampoo: How Sri Lanka exported less tea than Kenya, but earned more

By Ian Omondi,

President Uhuru Kenyatta has decried the lack of value addition on Kenyan tea as one of the reasons why the green gold is not bringing in as much mone...

Kenya tea , KTDA , President Uhuru Kenyatta , Sri Lanka , Tea

Bank stocks set to drive NSE Bull Run

By Kepha Muiruri,

The large capped banking sector stocks are set to drive the recovery in stock valuations at the Nairobi Securities Exchange (NSE) with analysts holdin...

Kenyan banks , Nairobi Securities Exchange (NSE) , NASI

Sacking Conte cost Chelsea Sh3.5 billion, accounts show

By Reuters,

Sacking Italian manager Antonio Conte in July 2018 cost Chelsea 26.6 million pounds in compensation and legal fees, according to the Premier League cl...

26.6 million pounds , Antonio Conte , chelsea , Sack , Sh3.5 billion

2019 review: Interest caps fall at second attempt

By Kepha Muiruri,

In a seemingly last ditch attempt to salvage the economy off interest cap hurdles, the National Treasury through the then Cabinet Secretary Henry Roti...

CBK , interest rate caps , National Treasury

Factbox: Who owns Europe’s leading football clubs?

By Reuters,

A group led by U.S. billionaire Daniel Friedkin is in talks to buy AS Roma although the Italian football club said a formal deal had not yet been agre...

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

Yatani ordered to immediately disburse revenue due to 35 counties

By Dzuya Walter,

National Treasury acting CS Ukur Yatani and the Controller of Budget have been ordered to immediately disburse the equitable share of revenue for 35 c...

Yatani

Showdown looms as Yatani freezes revenue for 17 counties

By Kepha Muiruri,

Acting Treasury CS Ukur Yatani has set himself for a new showdown with 17 counties after the freeze of equitable share transfers over inaction on the ...

Ukur Yatani

Gov’t says 17,000 Kenyans have signed up to housing fund salary deductions

By Kepha Muiruri,

17,000 Kenyans have begun making voluntary deductions to the State’s affordable housing plan, the State Department of Housing has confirmed. The ...

affordable housing , Housing Principal Secretary Charles Hinga , National Housing Development Fund (NHDF)

Finland picks world’s youngest Prime Minister Sanna Marin, 34

By Duncan Mutwiri,

Finland has made history after choosing Sanna Marin, 34 as its new Prime Minister. Marin is not only the youngest Prime Minister but also the third...

Finland PM , Sanna Marin

Kenyan businesses future optimism falls to 33 month-low

By Kepha Muiruri,

Kenyan businesses optimism for future has fallen to its lowest count in 33 months to mirror caution to business activity undertaken in the coming year...

private sector perception , Stanbic Bank PMI

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...

Broke, unemployed and in debt: Kenyan university students in crisis

By Kepha Muiruri,

The country is staring an effective student debt crisis in the short-run as Kenyan university students bear considerable weight of loan repayments. ...

Education CS Amina Mohamed , HELB , Ministry of Education , student debt in Kenya

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

British PM Boris Johnson promises Brexit for Christmas in manifesto

By Benjamin Muriuki,

British Prime Minister Boris Johnson promised on Sunday “to get Brexit done”, pledging in his Conservative Party’s manifesto to bring his deal t...

Boris Johnson

Kenya Gov’t plans to clear pending supplier bills by next week

By Kepha Muiruri,

The government has through the National Treasury promised to clear outstanding supplier bills by the end of the month as part of its renewed efforts t...

National Treasury , pending bills , Stanbic PMI

Kenyatta Hospital Board sued over plan to construct private wing

By Dzuya Walter,

The Kenya Medical Practitioners Pharmacists and Dentist Union (KMPDU) has sued the Kenyatta National Hospital Board and the Health Cabinet Secretary o...

Kenyatta Hospital

Kenya bankers welcome Uhuru repeal on interest rate cap

By Paul Ombati,

Kenya Bankers Association chairperson Joshua Oigara has welcomed the repeal of the interest rate cap which President Uhuru Kenyatta assented to His...

bankers association , oigara

DCI reveals Ksh.2.7 billion scandal at Kenya Ports Authority

By Hassan Mugambi,

The Director of Criminal Investigations (DCI) has begun a probe into what detectives now believe is a Ksh.2.7 billion tender scandal at the Kenya Port...

daniel manduku , Kenya Ports Authority , Makongeni Goodshed Yard