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Kenyan Government Sets Bold Targets to Revitalize Coffee Industry To Boost Exports and Forex 

In a strategic bid to rejuvenate Kenya’s coffee production and amplify its global market presence, the government has unveiled an ambitious roadmap for the next five years. Patrick Kilemi, the Principal Secretary in the Department of Cooperatives, outlined the comprehensive plan, emphasizing the administration’s unwavering commitment to drive coffee production figures to new heights. With […]

Kenyan Government Raises Civil Servants’ Salaries, Navigates Fiscal Dynamics

In a bid to enhance the financial well-being of its civil service workforce, the Kenyan government has announced a substantial salary increase, effective retroactively from July 1. The decision, unveiled by Lyn Mengich, Chairperson of the Salaries and Remuneration Commission (SRC), is a testament to the government’s commitment to providing fair compensation for its diligent […]

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Kenyan Speaker Moses Wetang’ula Enlists Egypt’s Support to Drive Africa’s Free Trade Initiative

National Assembly Speaker Moses Wetang’ula has passionately called upon Egypt to lend its influential support to the Africa Continental Free Trade Area (AfCFTA), a visionary agreement poised to reshape the economic landscape of the continent. Speaking from his office alongside Egyptian Ambassador to Kenya Wael Nasreldin Attiya, Wetang’ula highlighted Egypt’s pivotal role as a major […]

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President Ruto Unveils Ambitious Plan to Double Kenya’s Milk Production in Five Years

In a decisive move aimed at revitalizing Kenya’s dairy industry, President William Ruto has unveiled a bold vision to double the nation’s milk production over the next five years. The announcement, made during a momentous event in Kiganjo, Nyeri County, signals a resolute commitment to elevate local farmers’ livelihoods while propelling Kenya to the forefront […]

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High Court Stands Firm: Finance Act Sections to Remain Unchanged Amidst Legal Battle

In a significant legal twist, the High Court today has chosen not to suspend specific sections of the Finance Act, opting instead to streamline multiple petitions that challenge the legislation’s constitutionality. The court’s ruling, announced on August 7, has both disappointed and intrigued legal observers, as it signifies a pivotal juncture in the ongoing dispute […]

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Kenya’s Digital Renaissance: Government’s Vision for a Thriving Digital Economy Takes Shape

A sweeping technological revolution is underway in Kenya, driven by the government’s resolute determination to transform the nation into a digital powerhouse. The latest stride towards this audacious goal was marked by the inauguration of two public Wi-Fi hotspots, a pivotal stride towards the digital future that Kenya envisions. Eliud Owalo, the Minister of Information, […]

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Kenya’s Eurobonds Under Pressure as Moody’s Raises Default Concerns

According to Bloomberg, Kenya’s eurobonds experienced a sharp decline as Moody’s Investors Service raised alarms over the country’s planned buyback of some of its debt. The credit rating agency warned that redeeming the bonds at a price below par value could be seen as a default, causing yields on the notes to surge by 46 […]

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Fuel Costs Soar, Prompting Kenyan Consumers to Cut Super Petrol Consumption

As fuel prices continue to reach new heights, Kenyan consumers are feeling the pinch and responding by cutting back on their usage of super petrol. According to a recently released report from the Petroleum Institute of East Africa (PIEA), the first quarter of this year saw a 1% decline in the consumption of super petrol […]

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