Kenyan households may soon face rising living costs if global oil prices stay high, as the World Bank warns of potential energy disruptions pushing commodity prices up in 2026.According to the latest Global Economic Prospects report, oil prices could reach Ksh12,000 per barrel in 2026 due to geopolitical tensions and
Business
Kenya Allocates Ksh386.1 Billion to BETA in 2026/27 Budget
The Kenyan government is investing Ksh386.1 billion in the 2026/27 budget to boost the Bottom-Up Economic Transformation Agenda (BETA). During the budget presentation on June 11, 2026, Treasury Cabinet Secretary John Mbadi highlighted that this funding will follow a value-chain approach, focusing on key sectors outlined in the government's economic
Kenya’s Tea, Coffee, Sugar and Edible Oil Sectors Record Strong Growth
The Treasury Cabinet Secretary John Mbadi highlighted impressive growth in Kenya’s tea, coffee, edible oil, and sugar sectors over the last three years, thanks to government efforts to boost agricultural productivity and farmer incomes.In his 2026/27 Budget Statement presented on June 11, 2026, Mbadi shared that tea production soared to
What Happens If You Send Money to the Wrong M-Pesa Number?
Kenya and South Africa Sign Six Agreements to Boost Trade
President William Ruto shared that Kenya and South Africa are set to enhance their economic partnership through new bilateral agreements designed to boost trade and growth.On June 5, 2026, Ruto highlighted the strong and growing trade relations between the two nations, emphasizing that there's still untapped potential to explore.“Kenya-South Africa
Kenyan Startup Flags Off Sales Agents To Drive MSME Digital Transformation
New Enterprise Platform Targets Thousands of Jobs and Greater Market Access for Kenyan Businesses. Nairobi, Kenya – June 2, 2026 BuyKenya Business Solutions officially launched its operations on Tuesday with the flagging off of fifteen Sales Agents in Nairobi, marking a significant milestone in the company's mission to transform how Kenyan businesses
Financial Literacy Key to Responsible Borrowing, Says Expert
As Kenya's financial services grow, financial literacy is key to fostering responsible borrowing and supporting long-term economic growth. At Oya Micro Credit Kenya's fourth anniversary, CEO Wycklife Ochola emphasized that client education is central to their mission, empowering borrowers to make informed financial choices for sustainable businesses. With mobile banking
Bolt Kenya Dismisses Exit Rumors, Confirms Continued Operations
Bolt has confidently dismissed rumors on social media about leaving the Kenyan market, calling a widely shared document fake and assuring everyone that operations are running smoothly.In a statement released on June 1, 2026, Bolt clarified that the false document claiming an exit on June 8, 2026, did not come
Finance Bill 2026: Why Kenya Needs PAYE Relief and Wealth Tax Reform
While citizens eagerly anticipated PAYE relief from the government, its absence in the Finance Bill 2026 has shaken confidence and increased economic strain on families.This expectation stemmed from promises made by National Treasury Cabinet Secretary John Mbadi and further emphasized by President William Ruto. For many Kenyans, this was more
Nderitu Mureithi Urges Kenya to Pause Borrowing for 18 Months
Nderitu Mureithi, Chair of the Kenya Revenue Board, recommends that Kenya pause borrowing for 12 to 18 months to tackle the current debt crisis. During a radio interview on May 26, 2026, the former governor and economist highlighted that this strategy could effectively address the rising debt levels.He referenced the