Category: Economy&Finance
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Local celebrity Azziad Nasenya could lose her home to auctioneers after reportedly defaulting on a multi-million mortgage. Azziad’s home which is located in the upmarket Kileleshwa area has reportedly been placed for auctioning by Okuku Agencies. The home is reported to be under a mortgage arrangement of up to Sh25 million whose instalments the social…
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The National Treasury. (Photo: File) The President William Ruto administration has confirmed that no new taxes will be introduced in the 2026-27 financial year, prioritising efficiency in tax collection and strategic privatisation instead. The decision, outlined in the Draft 2025 Budget Review and Outlook Paper (BROP) released by the National Treasury on Monday, signals a…
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Cigarette. The Tobacco Control (Amendment) Bill is before the Senate. (Photo: Freepik) A new push in the Senate to tighten tobacco regulations has drawn sharp resistance from bar owners, retailers, and traders, who are demanding that the proposed Tobacco Control (Amendment) Bill be withdrawn and subjected to fresh consultations. On Wednesday, the Bars, Hotels and…
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71 per cent of a person’s earnings are still determined by circumstances of birth, such as country and gender. (Photo: Freepik) Despite major gains in education, poverty reduction and productivity over the past three decades, entrenched inequalities, fragile trust in institutions and slow progress in key areas continue to hold back social justice worldwide. According…
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Cooperatives and MSMEs Cabinet Secretary Wycliffe Oparanya. (Photo: Wycliffe Oparanya/X) All public service vehicle (PSV) SACCOs that are not engaged in savings and credit business will now be transformed into “Transport Cooperatives” or “Transcoops”, the Ministry of Cooperatives has announced. Speaking during the release of the SACCO Supervision Annual Report 2024, Cooperatives CS Wycliffe Oparanya…
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According to a report by the Communications Authority of Kenya, Safaricom PLC leads Kenya’s fixed data and internet market with 735,749 subscriptions, representing 34.3 per cent of the total market share. Jamii Telecommunications Limited follows in second place with 442,076 subscriptions, accounting for 20.6 per cent of the market. Wananchi Group (Kenya) Limited and Poa…
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William Ruto, President of Kenya, speaks during an interview with Reuters at the Permanent Mission of the Republic of Kenya to the United Nations, during the 80th United Nations General Assembly (UNGA) in New York, U.S., September 24, 2025. REUTERS/Bing Guan Purchase Licensing Rights Kenya’s President William Ruto said on Wednesday his country expects to…
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A photo of Azziad Nasenya as of September 23, 2025. /AZZIAD NASENYA TikTok sensation and radio host Azziad Nasenya is facing a major financial storm after her posh Kileleshwa residence was listed for auction over a Ksh 25 million mortgage debt. The development comes on the heels of growing claims from individuals who allege that…
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A car being fuelled at a petrol station. /THE KENYA TIMES The Energy and Petroleum Regulatory Authority (EPRA) has announced plans to review transport and storage tariffs, which were last adjusted in July 2024. These charges, which often influence fuel pump prices, cater to costs incurred in moving fuel through the Kenya Pipeline Company (KPC)…
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Governor of the Central Bank of Kenya, Dr Kamau Thugge The Central Bank of Kenya Governor, Dr Kamau Thugge, has been recognised among the world’s top central bankers after receiving an “A” grade from Global Finance magazine. The award is part of the publication’s annual Central Banker Report Cards, which measure performance in areas such…