Category: Economy&Finance
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The Anglo Leasing scandal was one of Kenya’s most notorious corruption cases, involving a web of fraudulent procurement contracts awarded between 2001 and 2004. These deals, valued at around US $770 million (about Sh 110 billion in today’s value), were for critical security projects such as tamper-proof passports, a forensic laboratory, and an oceanographic survey…
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In January 2025, the Ministry of Finance and National Treasury authorized the withdrawal of KSh 19.7 billion from the Consolidated Fund under the vote “State Officers’ Salaries, Allowances and Miscellaneous.” Evidence shows this money was unlawfully diverted to a broker, disguised as repayment to creditor banks, and executed without parliamentary approval. Gazette Notice No. 1864…
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What makes a good leader? A good leader is someone who is able to diagnose a problem correctly and implement a solution. We can argue on the solution but the problem has and was the debt crisis. Solving the debt crisis has reduced interest rates, boosted equities on the NSE, increased FX reserves, reduced the…
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Affordable Housing in Kenya Kenya’s housing deficit of 150,000 units a year has prompted a partnership between property developers and the national business lobby to push financing and policy reforms. The Kenya Property Developers Association (KPDA) said it will use its members’ technical expertise and on‑the‑ground experience to work with the Kenya National Chamber of…
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Treasury CS The Kenya Institute of Supplies Management has urged the National Treasury to restrict the new e-GP system to licensed supply chain professionals to tighten compliance. The Institute said the restriction would align with a 2023 directive from the Head of Public Service requiring all public procurement officers to hold valid membership and practising…
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When I first started my business, everyone told me that hard work was all I needed. They said if I woke up early, pushed myself, and never gave up, I would succeed. And I believed them. So I worked day and night. I missed family events, I sacrificed my health, and I poured every shilling…
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Kenya Revenue Authority (KRA) has stopped an attempt to defraud the government of Sh123 million through irregular clearance of 161 containers of rice at a Mombasa Container Freight Station, officials said on Friday. The irregular clearance occurred between August 1 and August 23, 2025, but routine audits detected the anomaly, prompting immediate action. KRA has…