Ruto

Gerald Nyoma, the current head of banking supervision at the Central Bank of Kenya, has been appointed to serve as the second deputy governor of the apex bank in a move to comply with legal requirements. President William Ruto's…

Kenyan President William Ruto has backed US billionaire Elon Musk's Starlink venture into Kenya amid a plea from Safaricom to reconsider licensing satellite internet providers. Dr Ruto said at a US-Kenya Business and Investment…

President William Ruto has abandoned the French and is now courting China for the Nairobi-Malaba highway dualisation project that his predecessor Uhuru Kenyatta offered to a French consortium. Dr Ruto, who is in Beijing to attend the…

Treasury earnings from public investments for the fiscal year ending June 2024 nearly doubled on the back of a presidential order requiring parastatal commercial companies to surrender 80 percent of their net profits to the Treasury.…

President William Ruto has sacked all cabinet ministers and Attorney General Justin Muturi in response to youth-led anti-government protests. Only Prime Minister Musalia Mudavadi, who is also the Minister of Foreign Affairs, escaped…

Spending on furniture ordered from foreign countries by Kenyan traders and households has continued to grow at double digit rates despite increased taxes and government directives requiring agencies to cut imports. About Sh8.69 billion…

President William Ruto has announced Sh177 billion in spending cuts and Sh169 billion in additional borrowing to plug the budget gap left after the withdrawal of the 2024 Finance Bill. President Ruto said in a live address from State…

President William Ruto has directed the National Treasury to prepare a mini-budget for the financial year starting in July after rejecting the 2024 Finance Bill, which was expected to raise an additional Sh346 billion. President Ruto on…

MPs have proposed an increase in fuel, import and railway development duties as well as an increase in tariffs on gambling to compensate for the abandonment of a range of controversial taxes on bread and cars in this year's Finance…

France and Germany have overtaken China in budgeted loans from rich countries for the new year that begins in July, highlighting President William Ruto's realignment with the West in a foreign policy shift from that of his…