- Rutonomics seems to suggest, correctly, that if you increase the supply of credit through savings, hoping the demand does not go up, the price (interest rate) will fall.
- The government made a commitment to spend Sh250 billion to transform the micro, small and medium enterprises (MSMEs) economy by end of the 2025-26 financial year.
- Foreign currency reserves are generally held for traditional operational purposes as well as for precautionary and non-precautionary policy objectives.
- In a dramatic about-face, Treasury chief Kwasi Kwarteng abandoned plans to scrap the top 45 per cent rate of income tax paid on earnings above 150,000 pounds ($167,000) a year.
- Safaricom reckons its solution can help public water utilities address the challenges of non-revenue water (NRW) - water that has been pumped but is lost before it reaches the customer
- CBK refutes claims by DP Rigathi Gachagua that Kenya has run short of foreign reserves, maintains that there is enough forex to cater for 4.5 months of import cover.
- In a public notice Friday, the taxman invited interested bidders to view the goods and vehicles at the Kilindini Harbor ahead of the planned auction.
- The pound's slide is hitting many businesses hard because imported materials and commodities like natural gas that are priced in dollars will be more expensive.
- Lecturer sues KPLC for disconnecting power supply to his home after he failed to pay what he terms "exorbitant" bills. Power supplier says he had not exhausted all the dispute resolution channels.
- The creative economy, as noted by the Deputy President, has morphed from being solely regarded as means of leisure to earn its place as a significant and profitable means of work.
- The plan has singled out regressive taxation, bureaucracy and regulatory compliance costs as the biggest impediment to getting Kenya out of the "economic hole" we are currently in.
- A judge in Scotland has given an extension of 12 months to allow more workers who suffered injuries while employed as tea pickers to join the ongoing case in the UK.
- Inflation has been fueled by steady cutbacks in supplies of natural gas from Russia and by bottlenecks in getting supplies of raw materials andthe COVID-19 pandemic.
- The Association of Kenya Feed Manufacturers (Akefema) has called for swift government intervention that will boost feed production and save livestock from starvation.
- To meet its financial needs the government can either borrow from local investors or foreign investors. Yes you can decide to lend government some money.
- This will further hurt consumers who are already strained by the high cost of living. Experts warn that the move is counterproductive and will slow down the economy.
- Aloe vera farming is becoming a lucrative business idea in Kenya due to its herbal properties and benefits. Aloe vera is used as an ingredient or raw material to produce several products.
- Kenya's cost of living has risen for the seventh straight month to hit 9.2 per cent in September as the cost of food, fuel and electricity squeezed consumers' incomes further.
- Inflation rises for 7th straight month to hit 9.2pc in September from 8.5pc in August as food and fuel prices spike, Kenya National Bureau of Statistics says.
- President Ruto's plans for cheap credit might be delayed as CBK tightens money supply. One of CBK's rationale for the raise is to tame inflation which is at an all-time high.
- Focus turns to mining royalties, public-private partnership and blue economy. Since 2013, most counties have been struggling to meet their revenue targets.
- Kenya is among the developing countries that accounted for 50 per cent of total tracked private finance flowing into Africa, according to a new report by Climate Policy Initiative.
- In a report published on Thursday, Auditor General Nancy Gathungu said that the State-owned pension fund broke the law by breaching the legally set limit for internal costs.
- Ruto directs Treasury to work with ministries to cut Sh300 billion in this year's budget. Further reductions are planned for the next financial year.
- The price of land will keep rising as population increases, fragmentation worsens and new frontiers are explored, with investors certain to reap way more than they sowed
- State Agencies in charge of the sector said Kenya should combine efforts with other countries to combat these illegal activities threatening aquatic life.
- Traditional sectors such as commercial offices are currently oversupplied while retail appears to have dried up with investors now shifting their eyes to untapped areas.
- SIC chief executive Sarah Wahogo said The Miran is a well-thought-out project and the location and design offers small investors a chance for self-actualisation.
- Statistics indicate that Kenya's exports to the UK stood at about Sh49.5 billion. Of these, 43 per cent comprised vegetables and nine per cent were flowers.
- Safaricom announces up to 50pc reduction in Fuliza interest charges, with borrowers below Sh1,000 not paying daily maintenance charges in first 3 days.
- The internet provider, which currently has over 15,000 registered subscribers, is closing an investment round that will enable it to expand to an additional 25 counties.
- The 21-year-old, who is currently studying software engineering at KCA University, is the founder and chief executive of Kyanda Africa, a fintech venture.
