Business

Treasury allocates Sh405.1 billion to counties, up by Sh17.6bn

This allocation represents 25.79 percent of the actual national revenue collected in the 2020/21 financial year, based on the most recent audited figures.

State sets aside Sh229 billion for settling verified debts

Treasury Cabinet Secretary John Mbadi, while reading the budget statement in Parliament, said the allocation follows a detailed review process by a committee formed in September 2023 to assess pending claims.

Apple rolls out major iMessage upgrade with iOS 26

One of the standout features is the option to customise chat backgrounds.

Treasury prioritises Sh1.09 trillion debt bill over development

This figure is up by Sh94.2 billion from the Sh995.76 billion set aside for debt repayments in the current financial year.

Loan defaults soar to 20-year high as Kenyans struggle with tough economy

First Ruto–Raila budget slashes education to fund defence, security

Kenya takes full control of SGR as Chinese team set to exit

Kenya Railways Managing Director Phillip Mainga said the localisation process is almost complete, with Chinese staff having reduced drastically over the years.

Sh35 billion in fake invoices: KRA flags 21,000 taxpayers

Deputy Commissioner for Micro and Small Taxpayers Gideon Muhwa laid bare the scale of the problem, pointing out that VAT performance continues to drag down overall tax revenue despite its presence in everyday consumer transactions.

WhatsApp unveils enhanced privacy feature for status updates

Currently available in the beta version for Android users, this update introduces an "Allow sharing" option that enables users to dictate who can redistribute their Status updates beyond the initial viewers.

Sudan allows limited tea clearance as industry fears bigger crisis

The East Africa Tea Trade Association (EATTA) said it had received approval to clear 207 containers of Kenyan tea, each containing 400 bags, which had arrived in Sudan before the embargo was implemented.

Illicit cigarettes now 37% of Kenyan market, costing State Sh9 billion

Local insurers eye bigger share as marine cover rollout resumes in July

The directive, which was supposed to take effect in mid-February, was delayed due to technical problems with the new system being developed in partnership with the Kenya Revenue Authority (KRA).