Treasury to stop funding of Kibaki office, cut staff

Economy Treasury to stop funding of Kibaki office, cut staff Wednesday May 11 2022 Deceased Former President Mwai Kibaki. FILE PHOTO | NMG By BRIAN NGUGIMore by this Author Summary The Treasury is set to stop funding the office of the late President Mwai Kibaki, saving taxpayers hundreds of millions of shillings in retirement benefits … 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

Japan overtakes China in fresh Kenya loans race

Economy Japan overtakes China in fresh Kenya loans race Wednesday April 20 2022 President Uhuru Kenyatta at State House, Nairobi, with State of Japan Ambassador to Kenya Okaniwa Ken. On the right is Foreign Affairs Cabinet Secretary Raychelle Omamo. PHOTO | PSCU By CONSTANT MUNDAMore by this Author Summary Beijing is projected to lend Kenya … Read more

KQ gets another Sh36.6bn State bailout

Companies KQ gets another Sh36.6bn State bailout Friday April 15 2022 A fleet of Kenya Airways planes at Jomo Kenyatta International Airport in this photo taken on July 15, 2020. PHOTO | JEFF ANGOTE | NMG By EDWIN MUTAIMore by this Author Summary The allocation, contained in budget documents tabled in Parliament, comes weeks after … Read more

S&P 500 ends higher with financials as Treasury yields jump

The S&P 500 ended higher on Friday as financial shares rose after the benchmark Treasury yield jumped to its highest level in nearly three years. The Nasdaq ended lower, and tech and other big growth names mostly declined, but they finished off session lows following a late-session rally. For the week, the Nasdaq and S&P … Read more