Finance minister admits economy is on ‘life support’ and warns Kenyans to brace for even harder times
On reforming state-owned enterprises (GOEs), the cabinet secretary stated that the proposed GOE Bill, 2025, would restructure about 60 commercial state entities to operate under the Companies Act, enabling them to focus on profitability and efficiency. The objective is to shift project development in these institutions from state-driven to private sector-led models, freeing up fiscal resources for social spending.
Inflation trends show point to 3.8 per cent plateau in June, Kenya’s statistics office says
The central bank targets Kenya’s inflation to be within the 2.5 per cent to 7.5 per cent range in the medium term.
Fraud linked to Unification Church, high cost of living force Japan PM Kishida to thrown in towel
Kishida’s departure could mean tighter fiscal and monetary conditions depending on the candidate, according to Shoki Omori, chief Japan desk strategist at Mizuho Securities in Tokyo.
