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This increase comes ahead of a major policy shift in the US, Kenya’s biggest remittance source, where a new law signed this month introduces a 3.5 percent excise tax on cross-border money transfers starting January 2026.
Airtel’s rapid growth comes at a time the company has been expanding its network infrastructure, especially in regions that previously lacked sufficient coverage.
Despite the broad ethnic landscape of Kenya, 14 communities are entirely absent from the KNBS workforce, a fact Obudho admitted to the committee without providing a list of those left out.
The latest spike is being blamed on increased freight charges, as shipping companies divert vessels to longer, safer routes following recent attacks in the Strait of Hormuz
Group Managing Director and CEO Allan Kilavuka stated that the Dreamliner will resume operations on July 22.
The latest figures mark a notable rise from the previous week’s $11.091 billion (Sh1.430 trillion) and remain above CBK’s statutory minimum threshold of four months of import cover.
During the previous probe, TikTok claimed that European Economic Area (EEA) user data was stored on servers outside China
La Riba Timiza allows users to apply for instant short-term financing, make digital payments, and save for specific goals. All transactions comply with Islamic banking principles that prohibit interest.
Kippra warns that while the country registered notable job creation in 2024, with 782,300 new positions recorded, 90 per cent of them were in the informal economy.
The Central Bank has gradually lowered the benchmark lending rate from 13 percent in August last year to 9.75 percent this June.
Mwangi emphasized that effective monetization of resources through royalties, resource-based taxation, and revenue-sharing agreements could drastically transform local economies.
The move seeks to address persistent funding challenges that have hampered the country’s data infrastructure.