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Weaker shilling piles cost pressures on consumers

Nairobi, Aug. 27 -- The shilling has weakened to a near five-month low against the US dollar, pressured by a faster growth in imports which has spurred a higher demand for the greenback than cash infl... Read More


Payroll taxes surpass target despite Covid disruptions

Nairobi, Aug. 25 -- The Treasury says taxes on workers' earnings for the financial year ended June 2021 exceeded the target despite falling Sh35.86 billion, implying Covid-induced job cuts, hiring fre... Read More


Kenya's food imports bill surges to record Sh103bn

Nairobi, Aug. 23 -- Kenya's food import bill hit a record high in the six months to June, piling pressure on household budgets that have already been ravaged by the Covid-19 pandemic, the latest offic... Read More


Debt repayment relief saves Kenya Sh100bn

Nairobi, Aug. 20 -- Kenya saved Sh99.73 billion in deferred repayments for its external debt for the year ended June following a deal with several rich nations, lifting pressure on its thin domestic r... Read More


Kenya refunded cash for troops in Somalia Shabaab war

Nairobi, Aug. 19 -- Reimbursements to Kenya for troops fighting Al-Shabaab militants in Somalia for the last financial year surpassed the target after the European Union (EU) and its partners wired ne... Read More


KDF getsSh9bn for war in Somalia

Nairobi, Aug. 19 -- Reimbursements to Kenya for troops fighting Al-Shabaab militants in Somalia for last financial year surpassed the target after the European Union (EU) and its partners wired nearly... Read More


Sh360bn State debt puts suppliers at closure risk

Nairobi, Aug. 19 -- State entities rolled over accumulated debts amounting to Sh359.5 billion from the financial year ended June 2021 to the current year, ignoring National Treasury Cabinet Secretary ... Read More


Pension schemes overtake banks in lending to State

Nairobi, Aug. 17 -- Pension schemes overtook banks as the biggest buyers of government securities for the financial year ending June 2021 on the back of volatility in the stock market, which prompted ... Read More


State releases Sh9.6bn in July pension payout

Nairobi, Aug. 17 -- Expenditure on retired public servants more than doubled in first month of the current financial year on the back of mass exits in recent years amid a persisting lag in the process... Read More


Bank cheque payments recover from Covid shocks

Nairobi, Aug. 16 -- Bank payments made through cheques for the first half of the year rose 8.29 percent, rebounding from a Covid-induced double-digit drop in a similar period last year, which saw trad... Read More