Rutos

Data showed that development project financing as a share of total state spending fell to single digits for the first time in more than a decade, reflecting the impact of rising debt servicing costs. Official data from the National…

Global rating agency Moody's on Tuesday downgraded Kenya's credit rating, citing the country's inability to implement austerity measures due to the withdrawal of the unpopular Finance Bill 2024. The downgrade means Kenya's local and…

Despite his earlier directive to the Treasury to cut Kenya’s total spending for the current financial year by Sh346 billion, President William Ruto on Sunday claimed that the country’s borrowing will increase by Sh1 trillion after the…

Major road and housing projects as well as financing for small businesses are facing disruption as the Treasury faces difficulties in disbursing funds due to revenue challenges. The lack of funding will also leave Kenyans suffering from…

Treasury Cabinet Secretary Njuguna Ndung’u is tabling his second Budget in Parliament, in a tradition marked in East African Community member states. According to the EAC Treaty, Finance ministers of the partner states read their…

The cost of running the national government has risen faster than tax receipts in the current financial year, going against President William Ruto’s pledge to lessen the burden on taxpayers by presiding over a cost-efficient…

Economy Sh110bn IMF loan eases President Ruto’s Eurobond pressure Friday January 19 2024 The approval of Sh110.6 billion loan to Kenya is set to lower the heat on Eurobond repayment. The approval of Sh110.6 billion ($684.7…

Economy President Ruto’s media team head Mugonyi lands top job at CA Wednesday December 20 2023 David Mugonyi has been appointed as Director General for the Communications Authority of Kenya. PHOTO | POOL ICT Cabinet Secretary,…

Economy President Ruto's low-cost homes price and payment plan revealed Monday October 16 2023 Kenyans will pay between Sh840,000 and Sh5.76 million for low-cost homes under President William Ruto’s housing programme, which…

Economy The Harvard graduate tapped to lead President Ruto's fight against tax cheats Wednesday August 23 2023 Humphrey Wattanga Mulongo has been tapped to be the next Commissioner General of Kenya Revenue Authority, for a period…