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Treasury admits 40pc local-supply rule failing, blames dishonest contractors

Nairobi, Feb. 27 -- The Treasury has admitted that crafty domestic suppliers are frustrating a government directive that public agencies procure at least 40 percent of their consumable products locall... Read More


State House overshoots six month budget by Sh447m

Nairobi, Feb. 22 -- State House overshot its budget for the half year to December by Sh447 million, official numbers show, dealing a blow to austerity measures announced by the Ruto administration. E... Read More


Crisis as unremitted workers' pension hits Sh42bn

Nairobi, Feb. 20 -- Thousands of workers at cash-strapped parastatals risk retiring empty-handed after their employers failed to remit monthly deductions to pension schemes, the National Treasury has ... Read More


Kenya, Tanzania trade spat cuts maize, rice imports by Sh10bn

Nairobi, Feb. 19 -- Kenya's imports from Tanzania fell by Sh10.23 billion last year on the back of renewed trade barriers, which largely hit the flow of grains from the agriculturally endowed country,... Read More


Mombasa cargo rebounds amid Dar es Salaam threat

Nairobi, Feb. 16 -- The volume of cargo handled through the Mombasa port recovered last year to grow 6.23 percent on the back of the State's renewed push to improve efficiency amid looming threat from... Read More


Trade deficit falls by Sh300bn as fuel, machinery imports dip

Nairobi, Feb. 14 -- Kenya's imports of machinery, fuel, and raw materials dropped by double-digit rates last year for the first time since the peak of the Covid-19 pandemic-linked shutdowns three year... Read More


Africa fastest-growing source of Kenya diaspora dollar inflows

Nairobi, Feb. 9 -- Cash sent home by Kenyans working in African countries became the fastest-growing source of the nation's diaspora dollar inflows last year at a time when overall remittances grew by... Read More


Middle class power billsjump 70 percent in a year

Nairobi, Feb. 1 -- Middle-class households have been forced to raise their average monthly electricity consumption budgets by more than Sh3,000 after the government retired a subsidy amid a sharp slid... Read More


Manufacturers shake banks with Sh133bn loan defaults

Nairobi, Jan. 29 -- Manufacturers have overtaken traders as the biggest defaulters of loans, reflecting the rising operation costs for the sector which has been hit hardest by elevated inflation as we... Read More