Business

In the following years, revenues are expected to grow, with Sh3.02 trillion targeted for the Financial Year 2025-2026 period and Sh3.42 trillion for  FY 2026-2027.

Policymakers argue it is hard to attain price stability in the economy using monetary tools when the food and fuel components of inflation are included since they are usually driven by supply-side factors such as weather, which are beyond their control.

The paper said 18.6% of the country's domestic debt will mature by June 2025, mainly due to short-term debt falling due.

The bill, which amends the Public Finance Management Act, 2025, requires state agencies to open project-specific bank accounts for funds allocated to each approved project.

Additionally, the think tank says the failure of governments worldwide to take account of the priorities of the young produces worrying and negative results.

In 2024 there was a sharp increase in phishing and social engineering attacks, with 42 per cent of organisations reporting such incidents.

The taxman collected Sh1.07 trillion between July and December 2024, falling short of the Sh1.23 trillion required to stay on course to meet the full-year target of Sh2.47 trillion.

Former Kenya Tourism Federation chairman Mohammed Hersi highlighted the issue, stressing the importance of direct flights for increasing visitor numbers.

Trained agri-preneurs will visit farms, collect soil data using mobile devices, and transmit it to Kalro laboratories for comprehensive analysis.

Lamu Port General Manager Vincent Sidai welcomed the development, calling it a positive indicator for the facility’s future.

Compared to other regions, youths from the African continent were also ranked as the most pessimistic about economic opportunities in their respective countries.

The percentage of experts forecasting stronger growth for Sub-Saharan Africa has increased to 78% this year, up from 65% last year, signalling a positive shift for the continent.

This timeline stands in stark contrast to President Ruto's directive issued late last year, which called for the full automation of government procurement processes by April 2025.

The suspension comes as the Treasury works on transitioning the scheme to a new public-private venture, the Kenya Credit Guarantee Scheme Company (KCGSC).

The auction, which closed on Wednesday, included two long-term bonds, the 15-year bond, first issued in 2018, and the 25-year bond that debuted in 2022.

According to data from the Kenya Motor Industry Association (KMIA), the country's 11 major car dealers sold a total of 11,352 units, including exports to regional markets.

According to data from the CBK, the total amount of money circulating in the economy dropped by half, marking a significant downturn in Kenya's financial sector.

The economic experts from KIPPRA note that the lack of a safety net during the Covid disruption made many workers vulnerable to job losses.

The Ministry of Foreign and Diaspora Affairs alleged that recent online activities targeting the government had shifted from genuine public protests to organised disinformation efforts.

The government is keen to harness the technology's potential while ensuring its ethical and responsible use.

Kenya's dependence on fuel taxes has deepened in recent years as the government seeks more revenue from this vital commodity.

The app has in recent days been transformed into an unexpected bilateral channel for US-China exchanges.

While consumers enjoyed some relief from high prices, the new taxes are expected to reverse some of these gains.

The largest share of the National Government’s allocation goes to the Executive, which is set to receive Sh2.68 trillion, accounting for 59.8 per cent of the total allocation.

Felix Kibet has sued the social media platform, accusing it of failing to regulate harmful content that violates individual rights, erodes public values, and threatens social cohesion.

Kinyanjui further explained that the country’s unpredictable tax policies and changing duties were contributing to the challenges faced by investors.

If appointed, he promised to lead efforts to protect citizens' data from misuse and ensure that Kenya remains compliant with international data protection standards.

Responding to concerns about his lack of a computer science background, Kabogo confidently shared his long-standing familiarity with technology.

He further noted that Kenya's current capacity to address such issues, particularly in terms of responding quickly to cyberattacks, is limited.

The Treasury said the proposal reflects Kenya’s shift from considering a ban on virtual assets to integrating them into the formal economy under clear regulations.