Kenya’s electricity distribution sector is set for a significant transformation as the Energy and Petroleum Regulatory Authority (Epra) announces plans to permit private firms to import electricity from neighboring countries for resale within Kenya. This move is aimed at introducing competition into the market, challenging Kenya Power’s dominance, and improving service delivery to consumers. Under […]

The Central Bank of Kenya (CBK) is strategically pursuing funds by targeting to raise Sh65 billion from reopened bonds. This initiative involves reopening a two-year bond alongside the tap sale of five-year and 10-year bonds, prioritizing market accessibility and efficiency. The CBK’s goal includes raising Sh40 billion from the reopened two-year bond, available for subscription […]

Recent months have brought notable changes to Kenya’s public debt profile, influenced by the strengthening of the Kenyan shilling against major currencies. As of January, the country’s total public debt stood at Sh11.248 trillion, with external debt accounting for 55 percent and domestic debt 45 percent. At the end of January, external debts surpassed domestic […]

Kenya’s economy is experiencing a resurgence, evident in a notable increase in electricity demand. Last month, demand peaked at 2,177.13 Megawatts (MW), signaling robust economic activity and heightened household consumption. During this period, local electricity generation experienced a dip, marking the second-lowest output in eight months. To meet the rising demand, Kenya bolstered its electricity […]

The Kenya Revenue Authority (KRA) faces a significant challenge in meeting its tax collection target for the current financial year, falling short by an anticipated Sh330 billion, as revealed by the Parliamentary Budget Office (PBO). Despite efforts, KRA’s collections have only reached 55 percent of the targeted Sh2.49 trillion since July last year, leaving a […]

In a significant development, Kenya’s sugar imports reached a seven-month low in February, marking a notable shift towards increased domestic production. According to the Sugar Directorate, only 42,381 tonnes of sugar were imported last month, a sharp drop from previous figures. This decline coincides with the resurgence of local production as factories resumed operations following […]

In a move to support affordable housing initiatives, the Kenya Revenue Authority (KRA) has initiated the deduction of the affordable housing levy (AHL) from March payslips, effective March 19, 2024. Under the new directive, all employers are mandated to deduct the AHL from employees’ gross salaries and contribute 1.5 percent of the employee’s gross monthly […]

The National Treasury of Kenya has disclosed that the government allocated Sh560 billion towards debt servicing in the first two months of the year. This expenditure is part of the broader effort to repay over Sh700 billion within the next four months, leading up to June. Data from the National Treasury reveals that between January […]

Kenya’s maize production is on the rise, thanks to favorable weather conditions. The latest assessment by the Kenya Food Security Steering Group (KFSSG) and the Ministry of Agriculture forecasts a maize yield of 4.2 million tonnes for 2024, marking a significant increase of 15-20 percent compared to the five-year average. The improved production is a […]

Kenyan Members of Parliament (MPs) led by Mbeere North MP Geoffrey Ruku are calling for a government-to-government (G-to-G) procurement model for fertilizers to address rising costs and ensure food security. The motion, currently pending in the National Assembly, aims to secure quality fertilizers at subsidized rates from surplus-producing countries. Mr. Ruku emphasized the need to […]