A new World Bank report has revealed that Kenya’s centrally managed fertiliser subsidy programme contributed to the loss of about 200,000 jobs across the agricultural supply chain. The findings raise concerns about the unintended effects of reforms introduced under President William Ruto’s administration, particularly on employment and access to farm
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Bankers Call For Tax Relief as Cost of Living Bites Spenders
Kenya's financial institutions are requesting a reassessment of Pay As You Earn (PAYE) tax brackets, suggesting that reducing the tax load on employees with salaries may boost spending and aid an economy experiencing sluggish household purchasing power.The Kenya Bankers Association, in submissions made to the National Treasury prior to the
Ndindi Nyoro Warns of Looming Economic Crisis in Kenya
Kiharu MP Ndindi Nyoro warns Kenya heads for an economic crisis soon.In an X post on Tuesday, December 16, 2025, he said heavy debt needs threaten the nation's future.Kenya takes on about Ksh1.2 trillion in loans each year. Nyoro says the economy can't keep that up.Debt alert for Kenyans"Fellow Kenyans,
Kenya Approves Second-Generation Smart Driving Licences
The Cabinet has given the go-ahead for second-generation smart driving licences. They will roll out via a public-private partnership. The goal is to update Kenya's transport system and boost road safety.President William Ruto chaired the Cabinet meeting on Monday, 15 December 2025.These licences add instant fines, mobile wallets, and a
Spain Fines Airbnb €64M Over Illegal Tourist Rentals
Spain fined Airbnb 64 million euros, or 9.7 billion Kenyan shillings. The penalty targets ads for tourist homes without licenses. The Consumer Rights Ministry shared this news on Monday. Officials aim to fight heavy tourism that hikes housing prices.Spain's left-leaning government teams up with city councils and regional leaders. They
Ndegwa Njiru Says Ruto’s Infrastructure Fund Is Unconstitutional
Advocate Ndegwa Njiru calls President William Ruto's National Infrastructure Fund unconstitutional. He says it lacks support in Kenya's 2010 Constitution.Njiru posted on X on December 15, 2025. He noted the Constitution lists just three public funds. Any new one needs a change to the Constitution.He wrote, "Fellow Kenyans, our
CBK Cuts Key Interest Rate to 9%
The Central Bank of Kenya (CBK) has reduced its key interest rate, the Central Bank Rate (CBR), by 0.25 percentage points, setting it at 9.00 percent, down from 9.25 percent. This adjustment signals ongoing confidence in Kenya's economic stability, supported by a firm national currency and positive projections for
Why Kenya Sold Its Safaricom Stake to Vodacom Instead of Listing on NSE
Treasury Cabinet Secretary John Mbadi has clarified why the National Treasury has not initiated the sale of the government's 15 per cent stake in Safaricom to the Nairobi Securities Exchange (NSE) for public purchase.Mbadi spoke on a Wednesday morning radio show, December 10, 2025, about growing controversy surrounding Vodacom's purchase
Kenya Reports Economic Growth as Inflation Falls and Shilling Strengthens
Treasury Principal Secretary Chris Kiptoo announced that Kenya's economic performance has shown significant progress this year, citing reduced inflation, a stronger national currency (the shilling), and steady foreign currency reserves.He delivered this statement while attending the 2025 End-of-Year Public Service Reflection Dinner and the 2026 Agenda Setting Forum in Kisumu
Mbadi Defends Safaricom Stake Sale as Strategic Move, Not Desperation
The Treasury Cabinet Secretary John Mbadi has acted to address public worries surrounding the government's sale of a 15 percent share in Safaricom to Vodafone. This transaction is valued at approximately $1.56 billion (Ksh204 billion), along with an additional Ksh40.2 billion dividend pre-payment, bringing the total to Ksh244 billion.In an