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Despite the impressive indicators at the national level, the average Kenyan is grappling with high cost of living, increased tax burden and stagnant or reducing income
KRA is expected to face significant pressure to meet the Sh2.9 trillion revenue collection target set by the National Treasury for the 2026-27 financial year.
The sale of a 65 per cent stake in Kenya Pipeline Company by the government is expected to raise Sh100 billion, which will plug budget holes over the current financial year.
The agriculture sector grew at a sluggish 3.2 per cent over the third quarter of last year, the slowest growth rate for the largest sector of Kenya’s economy in nearly three years.
US President Donald Trump has seized two oil tankers linked to Venezuela, including a Russian flagged vessel that was also being escorted by a Russian submarine.
Oil marketing firm Ola Energy and LPG firm Proto Energy have unveiled a joint initiative to roll out autogas refilling points across Ola’s retail network across the country.
The Energy and Petroleum Regulatory Authority (Epra) has denied users of super petrol a bigger reduction in retail prices, holding back the full benefit of the falling cost of petroleum products.
Kenya Re has proposed the restructuring of its governance framework in a move to lock out political appointees from its board, even as the board gets full powers to fire and hire the MD.
Over 20,000 Kenyan motorists, mostly in Nairobi, have ditched the petrol pump for the LPG nozzle, lured by a 50 per cent saving on fuel costs.
The Kenya Pipeline Company could be compelled to pump billions of shillings towards converting its storage tanks in Mombasa to handle crude oil from the Lokichar oil fields for export.
The lawyer said he was shocked to find that the same vehicle on the road, having been repaired, re-registered and sold to a new owner.
NCBA MD John Gachora said Nedbank’s strong balance sheet and technical expertise would help the bank scale up in its current markets and also explore new growth opportunities in the region.
The Changamwe-based refinery holds much potential due to its existing oil and gas infrastructure. Oil storage tankers at the KPRL, Changamwe in Mombasa County. [File, Standard]
The proposals are aimed at de-risking investment in a sector the government says can no longer rely solely on public financing to meet future power needs.
Industry players cite shrinking disposable incomes due to tax hikes and rising education and health bills.
NSSF said in its annual report that the benefits paid to retirees dropped by 10 per cent to Sh8.74 billion in the year to June 2026
NSSF says benefits paid to retirees dropped by nearly Sh1 billion on account of reduced applications.
The measure of the living cost dropped to 4.4 per cent during the month after oscillating between 4.5 per cent and 4.6 per cent between August and December 2025.
After months of operational turbulence, Kenya Airways has revealed that all grounded aircraft will be back in the skies by June 2026, marking a major recovery push after months of disruption.
The dealings between Kenya Railways and Afristar, which operates the SGR, are again under scrutiny as an internal audit points to breaches in the public finance management laws.
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