News
South Africa's sharp fuel price hike strains households, businesses amid global energy shock
3+ hour, 45+ min ago (746+ words) South Africa on Tuesday announced steep increases in regulated fuel prices, taking effect from Wednesday, marking some of the sharpest monthly adjustments in recent history. According to the Department of Mineral and Petroleum Resources (DMPR), petrol prices will increase by…...
Treasury warns of tough times as budget deficit hits Sh1.1 trillion
1+ day, 16+ hour ago (654+ words) PS Kiptoo warns that it's going to be very difficult moving forward. Treasury PS Chris Kiptoo before the National Assembly's Public Debt and Privatisation committee at Parliament Buildings yesterday /DOUGLAS OKIDDY Borrowing to finance the budget might not be sustainable,…...
Auditor raises red flag over Ruto’s Sh110bn Eurobond loan
1+ week, 4+ day ago (671+ words) Auditor's review found only Sh78.3 billion of the proceeds were used for the intended operations The report tabled in Parliament shows that Kenya raised about $1.5 billion (Sh188.35 billion) through an international sovereign bond in 2025. The transaction was spearheaded by Treasury and happened…...
China exports surge in first two months of the year despite Trump tariffs
3+ week, 2+ day ago (286+ words) China's exports surged in the first two months of this year despite trade tensions with the US. Official figures show exports jumped by more than 20% in January and February, which is almost three times the rate predicted by economists. It…...
Education, security to get lion's share of Sh4.7tn budget
3+ week, 5+ day ago (51+ words) Education, security to get lion's share of Sh4.7tn budget'the-star.co.ke Education, security to get lion's share of Sh4.7tn budget The current budget is Sh4.29 trillion meaning the proposed Sh4.7 trillion budget has a deficit of about Sh400 billion to be closed by levies and…...
Top 10 wealthiest countries globally
4+ week, 6+ hour ago (210+ words) Liechtenstein has solidified its position as the wealthiest nation on earth, reaching a staggering GDP per capita of $206,000 in 2026. This metric, which measures the average economic output per person, places the European principality far ahead of its global peers. Singapore…...
Kenya’s economy set to grow 5.3% in 2026 as budget prioritises development
4+ week, 3+ hour ago (593+ words) Budget and Appropriations committee chairman Sam Atandi during a past meeting/COURTESY Kenya's economy is projected to strengthen further in 2026 as the government increases spending on development while intensifying efforts to improve revenue collection and fiscal discipline. Key highlights from…...
Inflation trends
4+ week, 1+ day ago (170+ words) Inflation is when prices of goods and services rise over time, making money buy less than before. Kenya's inflation trajectory from February 2025 through February 2026 reveals a period of notable fluctuation in the cost of living. The data shows that inflation…...
Overall consumer Price Index (CPI) in Kenya
1+ mon, 3+ day ago (271+ words) Beginning in February 2025, the index stood at 143.12. Fresh economic data from the Kenya Consumer Price Index (CPI) and Inflation Report reveal a persistent climb in the cost of everyday items over the past year. According to figures released on February…...
Sukuma Wiki strikes: Prices bite, wallets cry
1+ mon, 3+ day ago (146+ words) The year-on-year inflation rate currently sits at 4.4%, Vegetable lovers are feeling the pinch this February as prices continue their upward climb. According to the latest report from the Kenya National Bureau of Statistics (KNBS), sukuma wiki has surged by 2.4%, while…...