In a groundbreaking ruling, the High Court of Kenya has declared that the failure of the national and county governments to allocate at least 30% of their budgets to development expenditures is unconstitutional and unlawful. This decision follows a petition filed by the Kenya Human Rights Commission (KHRC) in 2024, challenging the government’s recurrent spending […]

The Kenya Revenue Authority (KRA) has released draft amendments to tax procedures governing the importation, assembly, and manufacture of motor vehicles, motorcycles, and trailers. The amendments, open for public review and feedback until February 21, 2025, seek to bolster Kenya’s industrial sector, promote electric vehicle (EV) adoption, and reduce reliance on imported automotive components. This […]

As Kenya’s Sh301 billion International Monetary Fund (IMF) programme nears expiration in April, the Kenya Kwanza government is actively exploring options for a successor arrangement to secure continued economic support. The administration, facing rising debt obligations, a struggling economy, and dwindling local revenues, sees a new IMF deal as critical to ensuring financial stability. The […]

Kenya’s Central Bank of Kenya (CBK) has lowered its benchmark interest rate by 50 basis points, reducing it to 10.75% from 11.25%, in a bid to stimulate economic growth amid slowing expansion. The decision, announced by CBK Governor Kamau Thugge in an official statement on Wednesday, marks the lowest interest rate in nearly two years. […]

A new report from the Kenya National Chamber of Commerce and Industry (KNCCI) paints a stark picture of Kenya’s job market, revealing that over 60% of businesses plan to freeze hiring in 2025. This projection is a sharp contrast to the relatively optimistic employment forecasts seen in the second half of 2024, signaling that the […]

In a recent revelation, National Treasury Cabinet Secretary John Mbadi disclosed that nearly half of the verified pending bills in Kenya are not authentic, casting doubt on the legitimacy of compensation claims submitted by suppliers. As of June 2022, the National Treasury reported that pending bills claims totaled Ksh663 billion, prompting the Cabinet to establish […]

Kenya, like many countries around the world, is grappling with a growing unemployment crisis, with rising inflation and economic conditions further exacerbating the situation. The scarcity of job opportunities has left many young people feeling increasingly frustrated and hopeless. Despite their determination to succeed, thousands of Kenyan youth continue to face overwhelming challenges in finding […]

Introduction: A Major Boost for Kenya’s Electrification Agenda The Government of Kenya has secured a $386 million investment aimed at increasing national electricity coverage to 80%, significantly improving access to power for millions of Kenyans. Principal Secretary for Energy Alex Wachira announced this ambitious initiative, which aligns with the government’s goal of reducing reliance on […]

The Government of Kenya, in collaboration with the International Fund for Agricultural Development (IFAD), has issued a grant worth Sh124 million to fish farmers in 15 counties across the country. This initiative is part of the Aquaculture Business Development Programme (ABDP), which aims to foster sustainable smallholder fish farming and improve the livelihoods of individuals […]

Introduction The Kenya Revenue Authority (KRA) has demonstrated resilience in the face of challenging economic conditions, collecting Sh1.243 trillion in revenue by the end of December 2024. This represents a modest growth of 4-5% over the previous year’s revenue of Sh1.189 trillion. Despite various economic hurdles, including a slowdown in GDP growth, subdued domestic demand, […]