Economy
President William Ruto has signed the County Allocation of Revenue Bill, 2026, into law at State House during the 11th Presidential Assent of 2026. The Bill provides for the equitable division of revenue among all 47 counties and provides a framework for managing county functions. It operationalises the Division of Revenue Act, 2026, which has […]
Absa Bank Kenya PLC Managing Director and Chief Executive Officer, Abdi Mohamed, has resigned from his position, bringing to an end a three-year tenure at the helm of the bank. In a statement on Monday, the bank’s Board of Directors announced that Mohamed’s resignation will take effect on June 30. The Board said he is […]
Motorists will from July 1, 2026, be required to subject their vehicles to mandatory annual inspections under new regulations introduced by the National Transport and Safety Authority (NTSA). Under the Traffic (Motor Vehicle Inspection) Rules, 2026, all privately owned and government vehicles older than four years from the date of manufacture will be required to […]
The government has awarded the contract for the Ksh154 billion Jomo Kenyatta International Airport (JKIA) modernisation project to China Road and Bridge Corporation (CRBC), even as a High Court case seeking to halt the redevelopment remains active. Transport Cabinet Secretary Davis Chirchir announced on Tuesday, June 23, that the contract was signed on behalf of […]
The Energy and Petroleum Regulatory Authority (EPRA) has reduced the prices of petrol and diesel in its monthly review for month beginning June 15, 2026. In the changes announced on Sunday, the pump prices for petrol were reduced by Ksh.0.22 per litre as that of diesel went down by Ksh.10 per litre. The price of […]
President William Ruto’s 2026/27 budget is proving to be a test of whether the government can sustain its ambitious Bottom-Up Economic Transformation Agenda (BETA) while keeping public debt under control. The 2026/27 budget projects total expenditure of Sh4.82 trillion against expected revenue and grants of Sh3.67 trillion, leaving a fiscal deficit of Sh1.146 trillion, equivalent […]
Tax experts and financial sector stakeholders have welcomed several proposals in the Finance Bill 2026, particularly those aimed at easing the tax burden on Kenyans, while also calling for amendments to ensure greater fairness and economic impact. Speaking on Thursday night, stakeholders lauded the government for presenting a bill that largely avoids introducing new taxes […]
Most Kenyans do not trust national institutions, including the Presidency, the police and the Legislature, pollster TIFA has said. In its second edition of the National Survey, TIFA reported that a majority of the respondents who took part in the survey expressed distrust in President William Ruto (45%) against 11% who expressed full trust in […]
Public debt in Kenya has risen by Sh533 billion in the last three months to March 2026, reflecting rising funding needs in the country. According to official data from the National Treasury, the debt stood at an estimated Sh12.83 trillion by March 2026. Kenya has continued to increase its debt owing to various debt buyback […]
The Mombasa County Government has unveiled plans to invest an estimated Ksh.70 million in the redevelopment of Uhuru Gardens as part of efforts to create a modern public recreation and tourism hub in the heart of the city. The project, dubbed “Uhuru Gardens 2.0,” is designed to transform the popular public space into a vibrant […]
