Kenya’s exports to the Democratic Republic of Congo (DRC) have surged, making it the fastest-growing export market within the East African Community (EAC) bloc. This impressive growth comes even amidst recent diplomatic tensions between Nairobi and Kinshasa. In the first quarter of 2024, Kenya’s exports to the DRC jumped by 56.04%, reaching Ksh 8.62 billion […]

Kenyan President William Ruto has taken decisive action in response to mounting public unrest and economic challenges by dismissing all Cabinet ministers and the Attorney General. The move, announced on Thursday, follows weeks of violent protests triggered by proposed tax hikes outlined in the Finance Bill 2024, a key component of Kenya’s agreement with the […]

Kenya is gearing up for a significant leap in healthcare accessibility as President William Ruto has confirmed the full rollout of the Social Health Insurance Fund (SHIF) under the Universal Health Coverage (UHC) programme, starting October 1, 2024. This move aims to ensure every Kenyan can access healthcare without financial barriers, following initial delays that […]

President William Ruto of Kenya is facing tough times following the rejection of a crucial finance bill aimed at tackling the country’s massive $80 billion debt. Deadly protests, driven by public frustration over proposed tax changes, led to the bill’s downfall, prompting President Ruto to issue stark warnings about its implications for the future. With […]

Kenya has raised the bond fee for fuel imports destined for Uganda, doubling it from $15 million to $45 million at the Vitol Tank Terminal International (VTTI) in Mombasa. This move, aimed at securing tax revenue in case imported fuel meant for transit is diverted to local markets, poses a significant challenge to Uganda’s efforts […]

In a significant effort to enhance socio-economic development, the Kenyan government has successfully facilitated job placements for hundreds of teachers in the United States. This initiative is part of a broader strategy to connect Kenyan professionals with international opportunities. The teachers were officially sent off during a flag-off ceremony attended by several high-profile government officials. […]

Following widespread protests and significant political developments, Kenyan President William Ruto recently engaged in discussions with International Monetary Fund (IMF) Managing Director Kristalina Georgieva. Sources familiar with the matter revealed that the conversation occurred shortly after President Ruto decided to withdraw a proposed $2.7 billion tax increase, a decision aimed at calming civil unrest that […]

Kenya’s economy grew by 5.0% in the first quarter of 2024, a slight decline from the 5.5% growth recorded in the same period last year, according to a report by the Kenya National Bureau of Statistics (KNBS) released on Wednesday. Key sectors contributing to this growth included agriculture, forestry and fishing, real estate, financial and […]

Kenya’s economic prospects are under scrutiny as the country grapples with recent anti-government protests that disrupted business activities across major cities. Spanning from June 18 to June 27, these protests have heightened concerns about Kenya’s economic stability, impacting investor confidence and leading to a 0.29 percent depreciation of the Kenyan shilling. The protests have exacerbated […]

Kenyan President William Ruto has announced plans to increase borrowing in response to the recent rejection of a finance bill aimed at boosting tax revenue. Following deadly protests and the subsequent withdrawal of the bill, Ruto emphasized in a televised interview that its failure has hindered government efforts to manage Kenya’s mounting debt, which currently […]