Business

Land CS Alice Wahome has recently made a statement that has sparked a lot of discussion and debate. She has said that the Housing Levy is a tax. This statement is quite different from what Housing and Urban Development PS Charles Hinga said on March 24, 2023. At that time, Hinga had described the Housing

The National Treasury has increased the budget for State House and the Executive Office of the President in its latest Supplementary Estimates Budget II for the 2024/25 financial year. The report, tabled in the National Assembly on Tuesday, February 18, 2025, shows that the budget for State House has been raised by 88.4 percent, amounting

The ongoing disputes between President William Ruto’s and Raila Odinga’s parties have put the Budget Policy Statement (BPS) 2025 and Supplementary Budget II for the fiscal year 2023/25 at serious risk. The failure to reconstitute key parliamentary committees has caused delays in the budget process, raising concerns about whether the government will meet its financial

George Magutu, once a respected figure in Kenya’s cooperative sector, has seen his reputation crumble under the weight of a massive financial scandal involving the Kenya Union of Savings and Credit Cooperatives (KUSCCO). As the former chairman of KUSCCO and current treasurer of New Fortis Sacco, Magutu is now at the center of a multi-billion-shilling

The National Treasury is once again on the spotlight after a new audit report revealed that Ksh160 billion in debt repayments remains unaccounted for. This comes at a time when the government plans to borrow an additional ksh413 billion in the current financial year, raising serious concerns about transparency and accountability in handling public funds.

Former Kiambu Governor Ferdinand Waititu is once again in the spotlight as the Ethics and Anti-Corruption Commission (EACC) moves to seize assets worth over Sh1.9 billion. The anti-graft agency has raised concerns about how Waititu acquired these properties, arguing that he has failed to provide a credible explanation for their ownership. Among the assets targeted

The KUSCCO scandal has shaken Kenya’s financial sector, exposing a web of corruption and mismanagement that has left the Kenya Union of Savings and Credit Co-operatives (KUSCCO) insolvent and its members’ savings at risk. At the center of this scandal are four main suspects whose actions have not only tarnished their reputations but also raised

President William Ruto is facing a fresh hurdle after new documents were presented to the National Assembly by Treasury Cabinet Secretary John Mbadi. According to a report published on Monday’s People Daily, the documents show that the Kenya Kwanza government borrowed an average of KSh 562.7 million daily between September 1 and December 1 last

According to a report by Kenyans.co.ke, a recent disclosure to the National Assembly has revealed that President William Ruto’s administration borrowed Ksh 68 billion from external lenders between September and December last year. This large debt accumulation has raised concerns about the country’s increasing financial burden and the sustainability of its economic plans. The report,

Shell fuel stations, managed by Vivo Energy Kenya, are once again in the spotlight after another motorist came forward with claims of contaminated fuel causing engine damage. This incident was recently shared by Cyprian Nyakundi on his X page, bringing attention to the growing concerns among Kenyan drivers about the quality of fuel sold at