Growth, inflation, trade and the public finances.
A Sh33.9 million tender by the National Housing Corporation (NHC) for a Building Information Modeling (BIM) system has been cancelled by the Public Procurement Administrative Review Board (PPARB) over irregularities in the evaluation process. The tender,…
In a notable shift in global foreign exchange markets, the US dollar has experienced a decline against major currencies, while both the euro and the Japanese yen have gained ground. Amid these fluctuations, the Kenyan shilling has managed to hold steady,…
In a decisive move to sharpen Kenya’s trade edge with the European Union, President William Ruto has appointed Trade Cabinet Secretary Lee Kinyanjui as co-chair of the Economic Partnership Agreement (EPA) Council. The appointment, announced via a Gazette…
The recent lead story in The Standard titled ‘Man of Steel: Devki Boss’ Iron Hold on Ruto’s Government” left readers with more questions than answers. Rather than scrutinizing government malfeasance, it instead appears to cast aspersions on investor Narendra…
NAIROBI, Kenya – The Government’s rollout of the Electronic Rental Income Tax System (eRITS) has been hailed as a transformative step towards a smarter, more transparent tax system. Principal Secretary for National Treasury, Chris Kiptoo, described the…
Kenya’s motor vehicle industry is facing a severe disruption due to a nationwide shortage of number plates, delaying vehicle registrations and creating financial burdens for importers and dealers. The shortage has led to a growing backlog of unregistered…
NAIROBI, Kenya – Two foreign-owned banks have missed the Central Bank of Kenya (CBK) deadline to submit their plans for raising core capital to Sh10 billion, instead requesting more time to comply. CBK Governor Kamau Thugge disclosed the update during a…
On Monday, April 7, Mr Geoffrey Odundo is set to officially take over the reins as CEO of the Nation Media Group (NMG) following his appointment earlier in March this year. Later, in mid-May, he will be among esteemed speakers at the annual forum of African…
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