Treasury CS John Mbadi/FilePresident William Ruto’s government has cut critical programmes, including the school feeding programme, fertiliser and seeds subsidy, and university students plan, in a tight Sh4.23 trillion budget to be read on Thursday. The slashing of those initiatives that directly benefit millions of Kenyans, largely at the bottom of the economic pyramid, has triggered anxiety amongst Members of Parliament who are now working with the exchequer to source funds or risk public uproar. This is premium contentSubscribe to Continue ReadingHelp us continue bringing you unbiased news, in-depth investigations, and diverse perspectives. Your subscription keeps our mission alive and…
Author: by VICTOR AMADALA
Ziidi MMfOn Friday, the Capital Markets Authority released the latest report on the leading Money Market Funds (MMFs) by total assets under management (AUM) in Kenya.This is premium contentSubscribe to Continue ReadingHelp us continue bringing you unbiased news, in-depth investigations, and diverse perspectives. Your subscription keeps our mission alive and empowers us to provide high-quality, trustworthy journalism. Join us today to make a difference!Already Subscribed? Sign in Published Date: 2025-06-09 19:13:36 Author: by VICTOR AMADALA Source: The Star
Co-op Bank MD Gideon MuriukiBanks are expected to continue commanding activities at the Nairobi Securities Exchange this week as they release financial results for the first quarter of the year.Last week, the third biggest bank in the country in terms of asset value, Co-operative Bank Group, saw its share price rise by Sh1.25, with investors’ wealth rising by close to Sh9 billion to hit a market cap of Sh91.45 billion.This is premium contentSubscribe to Continue ReadingHelp us continue bringing you unbiased news, in-depth investigations, and diverse perspectives. Your subscription keeps our mission alive and empowers us to provide high-quality, trustworthy…
Cashier counts dollars and shillings at a Forex Bureau in Nairobi /FILEKenyan shilling continued to drop against the British pound and the euro, as traders shun the US dollar, fearing that it might tank on the ongoing global trade war sparked by President Donald Trump’s administration.On Thursday, the local currency traded at 171.79 and 142.20 units against the pound and euro, respectively, having shed close to a unit each compared to Wednesday’s trading.This is premium contentSubscribe to Continue ReadingHelp us continue bringing you unbiased news, in-depth investigations, and diverse perspectives. Your subscription keeps our mission alive and empowers us to provide high-quality, trustworthy…
US President Donald Trump speaks during a press conference /FILEUNITED States President Donald Trump has protested Kenya’s move to impose a 50 per cent tariff on corn imports, spotlighting it among the top 10 unfair trade practices. In a lengthy post on X, the US Department of Trade said the high tariff and other burdensome regulatory requirements effectively blocked US corn exports to Kenya despite the market’s budding potential. “Kenya imposes a 50 percent tariff on imports of US corn, and imposes burdensome regulatory requirements, effectively blocking exports of corn,” the Department stated. According to the US, Kenya’s market for…
Central Bank of Kenya governor Kamau Thugge / FILETHE Central Bank of Kenya (CBK) has inspected 30 banks in plans to ensure they reduce their lending rates in line with the lowered Central Bank Rate (CBR). Speaking during the post-Monetary Policy Committee (MPC) session with journalists on Wednesday, CBK governor Kamau Thugge said the regulator is keen to ensure credit supply to the private sector and families to spur economic development. This is premium contentSubscribe to Continue ReadingHelp us continue bringing you unbiased news, in-depth investigations, and diverse perspectives. Your subscription keeps our mission alive and empowers us to provide…
Developing nations, Kenya included, face a “perfect storm” of worsening external financial conditions, unsustainable debt and weakening domestic growth as the global recession becomes more likely.A global outlook report released late Wednesday by the United Nations Conference on Trade and Development (UNCTAD) warns that the world economy is on a recessionary trajectory, driven by escalating trade tensions and persistent uncertainty.“Global growth is projected to slow to 2.3 per cent in 2025, placing the world economy on a recessionary path,’’ the report says. This will be the lowest growth in over two decades, except in 2020 when the Covid-19 pandemic pushed the World into negative…