President William Ruto concluded his visit to three European nations by encouraging the Kenyan diaspora to support and invest in the transformative programmes the government is implementing back home.During a town hall meeting in Helsinki, Finland, with Kenyans living and working across the Nordic region, the President explained that significant
Tag: Kenya economy
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
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
Ruto Dismisses ‘Ruto Must Go’ Chants, Focuses on Performance
President William Ruto confidently addressed the rising "Ruto Must Go" and "One Term" chants, viewing them as a natural part of democracy. During a media roundtable in Wajir, he welcomed Kenyans' freedom to express their opinions, including political slogans aimed at his administration.He emphasized that these chants, which gained traction
John Mbadi Announces New Plan to Cut Fuel Prices in Kenya
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
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