News
Stable jobs? Why public sector worker purchasing power is dropping
11+ hour, 23+ min ago (64+ words) standardmedia. co. ke Stable jobs? Why public sector worker purchasing power is dropping Public sector workers" purchasing power declined in 2025 despite modest wage growth. [Courtesy] Public sector workers are the most affected by the skyrocketing cost of living, with the…...
Business activity dips in May amid deepening economic crisis
3+ day, 11+ hour ago (93+ words) standardmedia. co. ke Business activity dips in May amid deepening economic crisis Across Kenya, from small kiosks in sprawling estates to construction sites and transport depots, businesses are bleeding cash as soaring fuel and food costs force ordinary Kenyans to…...
Kenya's financial landscape shows resilience amid global economic woes
4+ day, 20+ hour ago (114+ words) A trader at Jubilee'Market in the Kisumu central business district. [Rodgers Otiso, Standard] At the same time, commercial banks are expanding digital lending products, while fintech startups are pushing competition through faster, data-driven credit solutions. However, increased uptake of investment…...
Inflation rose by 1 per cent in 2026
1+ week, 3+ day ago (417+ words) Inflation in Kenya rose to 6. 7 per cent in May 2026, from 5. 6 per cent in April 2025, the Kenya National Bureau of Statistics (KNBS) has announced. According to KNBS Director General Macdonald Obudho the increase was driven by high prices of food, transport,…...
Activist sues banks over loan interest rates hike
1+ week, 6+ day ago (375+ words) A petition has been filed at the High Court seeking to stop commercial banks from unilaterally increasing interest rates, default charges and other loan-related fees imposed on borrowers. In the case filed before the High Court, activist Francis Awino has…...
No country can tax its way into true prosperity
2+ week, 1+ day ago (406+ words) Recent fuel protests have exposed something deeper than public anger over pump prices. They have revealed growing tension between the increasing fiscal demands of the State and the weakening productive capacity of the economy. The issue is no longer simply…...
Families feel the pinch as war-hit diaspora remittances shrink
2+ week, 6+ day ago (72+ words) standardmedia. co. ke Families feel the pinch as war-hit diaspora remittances shrink Smoke rises from the site of an Israeli airstrike that targeted an area in Beirut's southern neighbourhood, March 5, 2026. [AFP] Hundreds of thousands of Kenyan households that depend on…...
Kenya's coastal land market surges on lifestyle, remote work demand
3+ week, 4+ day ago (807+ words) Kenyans seeking to acquire property in the affluent Coastal neighborhoods will now have to pay double the price they paid before Covid-19. This is after land prices in affluent towns like Diani and Watamu skyrocketed by 70 per cent since the…...
The rent-a-stress economy blowing into a full-scale economic liquidity crisis
3+ week, 5+ day ago (74+ words) standardmedia. co. ke The rent-a-stress economy blowing into a full-scale economic liquidity crisis In Kenya today, a quiet tragedy is unfolding: citizens are working harder than ever, yet they are drowning financially. Behind the relentless "hustle" lies a brutal reality…...
Youth urged to join Saccos to boost their livelihood
4+ week, 1+ day ago (275+ words) Youth have been urged to join Saccos for the sake of economic empowerment. Moko Sacco chief executive Josephine Kanyambu said that setting up investments was key to addressing joblessness in the country." Kanyambu regretted that majority of the youth, particularly…...