Economics

Fuel Price Must Be Higher Than Beer’s

Last week, a looming PSV strike in Kenya to protest the price of fuel was cancelled just before it was announced. That is unusual because in a country of dynasties who own guzzlers and hustlers who are sensitive to cost of living, this should have been the mother of all riots.  However, it has now […]

Economics

Kenya Power Calls on the Poor to Embrace Electric vehicles

Kenya Power has called on Kenyans who cannot afford petrol to consider using electric cars as their primary means of transport. Seeking to cash in on the high fuel prices, Kenya Power said that electricity prices are fairly stable and those complaining should take action and use electric cars. “Complaining never makes anything better. Just […]

Economics

Ukur Yatani Wins Jomo Kenyatta Literary Prize for Fiction for his work on Kenya’s 21/22 Budget

Treasury CS Hon. Ambassador Ukur Kanacho Yatani has won the 2021 Jomo Kenyatta Literary Prize for Fiction for his role in preparing Kenya’s financial year 2021/22 national budget. The University of York graduate was awarded for using spreadsheets and others tools to present the greatest work of fiction ever, using numbers. This culminated in the […]

Economics

KRA to Limit Filing Nil Tax Returns to Three Times

Kenya Revenue Authority is planning to limit the number of times that a person can file nil returns to three years, the maximum time after which a human being must be commercially viable. Speaking during a taxpayers sensitization week, KRA director general said that an increasing number of Kenyans were filing nil returns, yet their […]

Economics

Kenya Power Head Office Turns to Solar in Power Cost and Efficiency Strategy

Stima Plaza, Kenya Power’s Head Office, has launched multi-million solar power project in an attempt to cut costs and ensure that operations are not affected by power cuts. Speaking during the commissioning of the project that is being done by a Chinese contractor, Kenya Power CEO said that Solar Power was part of their long-term […]

Economics

Uhuru: Marriage Between Kenyans Prohibited to Curb Poverty

The government of Kenya has announced plans to curb marriage between any two Kenyans as a poverty mitigation strategy. President Uhuru Kenyatta announced that marriages between Kenyans were contributing to misery and poor mental health for the country since two poor people getting married only results in compounded poverty, which is still poverty, albeit, worse […]

Economics

Kenya to File for Bankruptcy

Kenya is set to become the first country in modern history to file for bankruptcy after the interest accrued from current loans exceed the revenue collected by the government. The situation means that by 2022, all the revenue collected by the government will not be sufficient to pay the interest from the existing loans, leave […]