Tag: Kenya economy

Kenya Urged to Invest in Research and Innovation for Economic Growth

by Chris Omondi -

Currently, Kenya stands at a pivotal juncture in its development trajectory, transitioning from a middle-income nation to a first-world status. As the country pursues the ambitious goals outlined in Vision 2030 and the Bottom-Up Economic Transformation Agenda, it becomes increasingly evident that no nation has successfully achieved high-income status without

COTU Pushes 23% Pay Rise for Kenyan Workers Ahead of Labour Day

by Chris Omondi -

Kenyan workers may soon see a significant pay increase as unions ramp up their efforts for a 23 percent wage hike. This relief could come to fruition if the ongoing negotiations led by the Central Organisation of Trade Unions (COTU) succeed before the Labour Day celebrations on May 1, 2026.During

Ruto’s Fuel VAT Cut: Relief or Economic Illusion?

by Chris Omondi -

President William Ruto’s decision to reduce the Value Added Tax (VAT) on fuel from 16 percent to 8 percent is being celebrated as a significant relief measure. However, this policy shift reveals a more complex and troubling reality.Kenya lacks full control over its fuel prices and the overall cost of

EPRA Drops Fuel Prices After VAT Cut, Petrol Drops By Sh9

by Chris Omondi -

The Energy and Petroleum Regulatory Authority (EPRA) has announced a reduction in the pump prices for Super Petrol and diesel, following a revision of the Value Added Tax (VAT). In its official statement, EPRA confirmed that Super Petrol will now retail at Sh197.60 per litre, while diesel will be priced

IMF Assures Support for Kenya Amid Unstable Global Economy

by Chris Omondi -

The International Monetary Fund (IMF) has reaffirmed its commitment to supporting Kenya following high-level discussions aimed at bolstering the nation’s economic stability amid a volatile global market.In a statement released on their X account after the 2026 Spring Meetings held at IMF Headquarters on April 13, 2026, the National Treasury

Ndindi Nyoro Breaks Silence on His Fallout With UDA, Ruto

by Chris Omondi -

Kiharu Member of Parliament (MP) Ndindi Nyoro has candidly discussed the origins of his contentious split with the ruling United Democratic Alliance (UDA) party.In an interview on Wednesday night, January 14, 2026, with a local television station, Nyoro revealed that his rift with President William Ruto's party began when it

Mandera MP: Kenyans in Somalia Send Ksh70m Home Daily

by Chris Omondi -

Mandera South MP Abdul Haro says Kenyans who work in Somalia send over Ksh70 million home each day. He notes that people often overlook or twist their role in the economy.He spoke on Tuesday, January 6, 2025. Haro defended the Somali community's part in Kenya's economy. The amount covers only

Ndindi Nyoro Warns of Looming Economic Crisis in Kenya

by Chris Omondi -

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,

Mbadi Defends Safaricom Stake Sale as Strategic Move, Not Desperation

by Chris Omondi -

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