The Treasury Cabinet Secretary John Mbadi announced that the government will meet with President William Ruto to explore new strategies for reducing fuel prices, including potential adjustments to Value Added Tax (VAT) and other levies.On Saturday, May 16, 2026, he addressed growing concerns from MPs and consumers after the Energy
Tag: Kenya economy
Fuel Prices Surge as EPRA Raises Petrol and Diesel Costs
Motorists in Kenya will face higher fuel prices as the Energy and Petroleum Regulatory Authority (EPRA) announced significant increases for the May–June pricing cycle.On May 14, 2026, EPRA reported a Ksh16.65 per litre rise for Super Petrol and a Ksh46.29 per litre increase for diesel, while kerosene prices will remain
Finance Bill 2026 Sparks Fresh Gen Z Protest Fears
President William Ruto faces the potential for a new wave of protests from Gen Z in response to the recently introduced Finance Bill 2026. This sweeping tax proposal has drawn criticism for potentially resurrecting the economic hardships that ignited nationwide demonstrations two years ago.The National Assembly Finance Committee, led by
Safaricom Profits Jump 67% to Record Sh99.7 Billion
Safaricom has achieved an impressive 67.3 percent increase in net earnings for 2025, reaching a landmark Sh99.7 billion. The telecommunications company credits this remarkable growth to its innovative products, which significantly enhance consumers' daily lives.This achievement marks the highest profit ever recorded by any company in East and Central Africa.The
Kenya Urged to Invest in Research and Innovation for Economic Growth
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
Ruto’s Fuel VAT Cut: Relief or Economic Illusion?
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
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
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
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