Why Kenya is backing fresh UN agency calls for debt service relief

Data Hub Why Kenya is backing fresh UN agency calls for debt service relief Friday June 03 2022 Foreign Affairs PS Macharia Kamau. PHOTO PHOTO | NMG Kenya has welcomed a renewed push by African ministers of finance backed by the UN Economic Commission for Africa (UNECA) for rich countries to extend debt service relief … Read more

Counties pay exceeds salaries in companies

Economy Counties pay exceeds salaries in companies Tuesday May 10 2022 Council of Governors (COG) Chairperson Martin Wambora on June 23, 2021. PHOTO | LUCY WANJIRU | NMG By CONSTANT MUNDAMore by this Author Summary The findings of Economic Survey 2022 show average earnings in the counties grew faster than the 6.3 percent average inflation … Read more

IMF drops tough stance on Kenya’s fuel subsidy

Economy IMF drops tough stance on Kenya’s fuel subsidy Friday May 06 2022 Pump attendant fueling a vehicle at Total Petroleum Station on Kimathi Street in Nairobi on Wednesday, April 14, 2021. PHOTO | DENNIS ONSONGO | NMG By OTIATO GUGUYUMore by this Author Summary Kenya is on a 38-month IMF program, which has seen … Read more

IMF backs Kenya’s cooking oil, loans, gambling tax raise

Economy IMF backs Kenya’s cooking oil, loans, gambling tax raise Thursday April 28 2022 Signage at the International Monetary Fund (IMF) headquarters in Washington, DC. PHOTO | AFP By CONSTANT MUNDAMore by this Author Summary Some of the taxation measures include 16 percent levy on cooking gas, raising excise duty on airtime and data to … Read more

Afreximbank opens Sh460bn loan to aid Africa against Russian war

Capital Markets Afreximbank opens Sh460bn loan to aid Africa against Russian war Friday April 08 2022 Smoke rises from a Russian tank destroyed by the Ukrainian forces on a roadside in Lugansk region on February 26, 2022. PHOTO | AFP By BRIAN NGUGIMore by this Author Summary Kenya will be able to tap a newly … Read more