Author: Herald Aloo

Kenya spent 57pc of taxes in Sh600b debt repayment

Reading Time: 2 minutes Kenya allocated over half of collected tax revenues to service maturing debt in the first half of the current 2023/24 […]

Relief at pump as fuel prices drop marginally

Reading Time: 2 minutes The prices of fuel dropped yesterday for the third consecutive month, giving motorists the much-needed reprieve for the next one […]

Fuel use dips in 2023/24 first quarter on VAT hike

Reading Time: 2 minutes Fuel consumption in Kenya dropped in the first quarter of the current 2023/ 24 financial year (FY ) as the […]

Two local startups set to benefit from Sh4.71b EIB funding

Reading Time: 2 minutes Two Kenyan startups, Shamba Pride and Poa Internet, are among firms set to benefit from $30 million (Sh4.71 billion) equity […]

M-Pesa hitch exposes risks of reliance on one provider

Reading Time: 2 minutes Major downtime on Safaricom’s financial system that affected more than 800,000 M-Pesa agents and payment merchants in Kenya yesterday has […]

Counties to get Sh19.7m court fines in next budget

Reading Time: 2 minutes Several county governments will receive at least Sh19.7 million cumulatively in the next 2024/25 financial year (FY) as cash generated […]

Remittances, tourism fail to rescue Sh50b forex dip

Reading Time: 3 minutes Kenya’s foreign exchange (forex) reserves experienced a decline of nearly Sh50 billion in the final quarter of 2023, despite a […]

Pressure mounts on MDAs as State seeks Sh470 billion

Reading Time: 3 minutes The government will whip Ministries, Departments, and Agencies (MDAs) to hike levies and introduce new ones to help supplement ordinary […]