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Layoffs: How employers are coping with high cost of labour
The current situation is deteriorating, as the government has implemented new taxes that have resulted in increased labour expenses.
By Brian Ngugi and Macharia Kamau 1 year ago
Layoffs: How employers are coping with high cost of labour
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Ruto moneymen, advisors in eye of a storm as cost of living crisis rages
Kenya's inflation rose marginally in September after all sectors recorded a general increase in prices, the Kenya National Bureau of Statistics (KNBS) said on Friday.
By Brian Ngugi and Macharia Kamau 1 year ago
Ruto moneymen, advisors in eye of a storm as cost of living crisis rages
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Governors splash Sh195b on perks amid economic crisis
Ironically, county bosses allocated only Sh97.98 billion to development expenditure. Expenses were processed through the manual payroll, raising concerns about the possibility of graft.
By Brian Ngugi and Macharia Kamau 1 year ago
Governors splash Sh195b on perks amid economic crisis
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City traffic jam thins as fears of recession mount over fuel prices
Data from Kenya National Bureau of Statistics (KNBS) shows that diesel consumption over the first four months of this year declined 6.8 per cent.
By Brian Ngugi and Macharia Kamau 1 year ago
City traffic jam thins as fears of recession mount over fuel prices
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Record high fuel prices to worsen cost of living for Kenyans
Government's withdrawal of subsidies among factors that have led to the sharp increase in pump prices with low-income households being forced to reduce their shopping baskets.
By Brian Ngugi and Macharia Kamau 1 year ago
Record high fuel prices to worsen cost of living for Kenyans
Jitters as El Nino threatens fresh blow to already bruised economy
El Nino, a climate pattern in the Pacific Ocean affects weather and will likely contribute to heavy rainfall and potential flooding across the country.
By Brian Ngugi and Macharia Kamau 1 year ago
Jitters as El Nino threatens fresh blow to already bruised economy
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Jaswant Rai: The tycoon whose family runs sugar empire
The kidnapping of sugar and cement billionaire Jaswant Rai in a mafia-style crime in Nairobi has turned the spotlight on the tycoon's family, which has built a business empires.
By Brian Ngugi and Macharia Kamau 1 year ago
Jaswant Rai: The tycoon whose family runs sugar empire
Businesses suffer huge losses as country plunges into darkness
At least three infants in incubators in a hospital in Central Kenya were reported to have died. Airplanes could not take off or land at Jomo Kenyatta International Airport for many hours.
By Brian Ngugi and Macharia Kamau 1 year ago
Businesses suffer huge losses as country plunges into darkness
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Why stubborn shilling is ruining Ruto's economic recovery dream
Kenya is confronting a currency crisis involving the steep decline in the value of the shilling, which is causing negative ripple effects throughout the economy.
By Brian Ngugi and Macharia Kamau 1 year ago
Why stubborn shilling is ruining Ruto's economic recovery dream
Demos: Employers and tourism players call for political truce
The employers' lobby noted that companies are losing billions of shillings daily not only in lost manpower and productivity but also through disruption to business activities.
By Brian Ngugi and Macharia Kamau 1 year ago
Demos: Employers and tourism players call for political truce
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Return of mass action spooks business activity in key towns
The assent of the Finance Act 2023 - which has seen a hike in taxes on fuel - has emboldened the opposition. Traders fear any sustained unrest that will disrupt business activities.
By Brian Ngugi and Macharia Kamau 1 year ago
Return of mass action spooks business activity in key towns
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Ndung'u defends tax pain, seeks your help to lift up the hustlers
Treasury CS Njuguna Ndungu, while presenting the Budget Statement to Parliament yesterday, defended the road map that also includes a mix of new controversial proposed taxes on various sectors.
By Brian Ngugi and Macharia Kamau 1 year ago
Ndung'u defends tax pain, seeks your help to lift up the hustlers
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Ndung'u walks tight rope in bid to finance Sh3.6 trillion budget
Treasury needs tax revenue to spur the economy amid cries of the high cost of living. The government has indicated it could back down on some proposals in Finance Bill 2023.
By Brian Ngugi and Macharia Kamau 1 year ago
Ndung'u walks tight rope in bid to finance Sh3.6 trillion budget
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'We are losing Sh3 billion on protest days, investors lament
Hard hit areas are Nairobi and Kisumu cities as well as the neighbouring towns. Looking at similar protests in the past, economists say the economy could take a big hit if they go on.
By Brian Ngugi and Macharia Kamau 1 year ago
'We are losing Sh3 billion on protest days, investors lament
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Tactical retreat? State back-pedals on tax, subsidy plans amid public outcry
President William Ruto's Kenya Kwanza administration faces the dilemma of trying to reduce the cost of living amid strained public finances and the need for long-term economic reforms.
By Brian Ngugi and Macharia Kamau 1 year ago
Tactical retreat? State back-pedals on tax, subsidy plans amid public outcry
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Ruto's Sh26b cheap power dilemma as cost of living crisis rages
IMF cautioned the state against further cuts in power prices unless backed by a verifiable reduction in costs within the sector
By Brian Ngugi and Macharia Kamau 1 year ago
Ruto's Sh26b cheap power dilemma as cost of living crisis rages
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Nearly half of Hustler Fund borrowers are yet to repay
Defaulters of the Hustlers fund risk higher interests as well as the freezing of their accounts.
By Brian Ngugi and Macharia Kamau 1 year ago
Nearly half of Hustler Fund borrowers are yet to repay
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William Ruto's hustler loans takes shape, to be pegged on savings
Kenyans will be required to make regular savings to access the much awaited Hustler Fund to help small and micro enterprises access affordable capital.
By Brian Ngugi and Macharia Kamau 2 years ago
William Ruto's hustler loans takes shape, to be pegged on savings
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Kenya oil plan back on track as firms set to seal sale deal
Tullow Oil is the current operator of the project with a 50 per cent stake, while partners Africa Oil Corporation and French Total Energies SE hold 25 per cent each.
By Brian Ngugi and Macharia Kamau 2 years ago
Kenya oil plan back on track as firms set to seal sale deal
Nations slam weak climate finance plan as global talks end
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DusitD2 attack and foiled 911-style terror raid with al-Shabaab
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