Economy & Politics - Page 4

Kenya data breach reveals Kes300,000 a night First Lady AirBnB

This extremely lavish apartment owned by President William Ruto’s wife and daughter, is probably one of the World’s most expensive short-stay accommodations, widely known as Airbnb.

February 2, 2025

Economy & Politics

DP Gachagua’s accused of killing confidence in Kenyan state in NIS attack

The detail of the investigations, bank account numbers, nature of transactions and trail of the networks used by Gachagua to steal taxes show the hand of the National Intelligence Service

October 2, 2024

Economy & Politics

BCG says $2.4 trillion climate debt unsustainable at ‘African’ interest rates

Africa pays more for debt despite the reality that the continent is less likely to default and has some of the highest rates of recovering bad debts at 80 percent for private debt and 91 percent for public loans.

September 30, 2024

Economy & Politics

Ivory trafficking makes a comeback as motorcycles fuel poaching

Kenyan elephants are crucial to the country’s tourism business, but their numbers have been decimated over the years from 170,000 in the early 1970s to just less than 20,000 in the 1980's and just over 30,000 today.

September 19, 2024

Economy & Politics

Will US rate cuts give Kenya an edge in IMF talks

The IMF support has come with tough structural adjustment programmes that have resulted in open confrontations between governments unable to keep administrations running and businesses unable to keep shops open at high levels of extractive taxation.

September 16, 2024

Economy & Politics

Kenya Power leaves road to Bondo in darkness for three weeks

Last year, the government signed a $900 million power transmission deal with Adani Energy solutions to construct the 371 kilometers transmission line and five substations in eastern and western Kenya under a public private partnership model.

September 6, 2024

Economy & Politics

Banks keep away from debt auctions demanding higher interest

Kenya has even turned to printing money, to pay bondholders with the Central Bank of Kenya revealing they advanced the government Kes22.6 billion to meet bond interest payments.

August 1, 2024

Economy & Politics

President Ruto hikes cost of all government services

The Move is in line with IMF and World Bank push to raise revenues over and above tax increases targeting service fees that had not been reviewed for years.

July 30, 2024

Economy & Politics

Moodys downgrades Kenya on losing tax powers

Moodys said, in the context of heightened social tensions, they do not expect the government to be able to introduce significant revenue-raising measures in the foreseeable future.

July 9, 2024

Economy & Politics

President Ruto balances Gen Z, IMF in olive branch

Despite the offer Gen Z protesters turned up in huge numbers for the Saba Saba rally, marking the historical day of protests with calls for President Rutos’ resignation

July 8, 2024

Economy & Politics

Tik Tok… is govt running out of time to quell protests

Investors are watching how Kenya will manage the anti-tax protests and negotiate to keep International Monetary Fund (IMF) programme on course given the scrapping of the Finance Bill could derail more funding.

July 5, 2024

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Economy & Politics - Page 4

Kenya data breach reveals Kes300,000 a night First Lady AirBnB

DP Gachagua’s accused of killing confidence in Kenyan state in NIS attack

BCG says $2.4 trillion climate debt unsustainable at ‘African’ interest rates

Ivory trafficking makes a comeback as motorcycles fuel poaching

Will US rate cuts give Kenya an edge in IMF talks

Kenya Power leaves road to Bondo in darkness for three weeks

Banks keep away from debt auctions demanding higher interest

President Ruto hikes cost of all government services

Moodys downgrades Kenya on losing tax powers

President Ruto balances Gen Z, IMF in olive branch

Tik Tok… is govt running out of time to quell protests

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