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Speaking during an interview on NTV on Saturday, Mang'eni said the reduced amount was a result of beneficiaries withdrawing their mandatory savings before completing the programme, making them ineligible for some of its financial incentives.
The World Bank says the continued dominance of informal work remains a major challenge as Kenya seeks to create quality jobs, reduce unemployment and improve productivity for its growing population of young people.
The latest Quarterly Gross Domestic Product (GDP) Report released by the Kenya National Bureau of Statistics (KNBS) shows agriculture, forestry and fishing activities grew by 4.9 per cent during the first quarter of 2026. The performance matched the country's overall economic growth, reinforcing the sector's place as one of the biggest contributors to national development.
In its July 2026 Kenya Economic Update, the bank says the conflict involving Iran, the United States and Israel has affected Kenya through rising global oil prices, trade disruptions and growing uncertainty, all of which have weighed on economic activity.
KRA also surpassed its customs revenue target after collecting Sh988.8 billion against a target of Sh980.8 billion, achieving a performance rate of 100.8 per cent. Domestic revenue reached Sh1.851 trillion, equivalent to 93 per cent of the target for the financial year.
According to the World Bank, the revision reflects the economic effects of the recent conflict in the Middle East, which has pushed up global energy prices and created more uncertainty in the global economy, affecting Kenya's growth prospects.
The national carrier said it will increase its Nairobi-Dubai schedule from seven flights a week to 14 beginning September 1, a move that comes at a time when competition on the route is rising following Emirates' decision to introduce a third daily service.
Under the new law, natural persons will be required to submit their returns by the end of the fourth month after the close of their year of income, while non-natural persons will have until the end of the sixth month after the close of their year of income.
Speaking on Radio Generation on Thursday , Marube said misinformation circulating on social media about the proposed Sacco Societies (Amendment) Bill has caused unnecessary anxiety among millions of cooperative members.
Several EU countries, including Denmark and Greece, have pushed for similar restrictions, prompting Brussels to consider a range of options, including age limits, restrictions on specific online features and tighter rules for platforms used by children.
Speaking on Radio Generation on Thursday, he said the continued growth of SACCOs reflects their ability to address gaps that other financial institutions have been unable to fill.
Hassan has likened SASRA's role in the Sacco industry to that of the Central Bank of Kenya in the banking sector.
Data released by the Agriculture and Food Authority (AFA) shows Kenya exported 692,000 kilogrammes of miraa between January and March, compared to 795,668 kilogrammes during the same period last year. The drop in export volumes reduced earnings to Sh3.09 billion from Sh3.56 billion, representing a loss of about Sh470 million.
The bank has launched the Sahl Card, which enables customers to make everyday purchases while accessing a range of lifestyle and travel benefits.
The latest report by the Insurance Regulatory Authority (IRA) shows motor insurance posted a combined underwriting loss of Sh8.2 billion during the year, the highest among all insurance classes.
Fresh financial disclosures show the State-owned corporation's net loss increased by Sh477 million from Sh27.68 billion recorded a year earlier. The latest results extend KRC's long wait for a return to profitability, with the corporation yet to record a profit in more than 10 years.
The lender announced in a public notice that Kamal Anantroy Bhatt of Anant Bhatt LLP had been appointed as the administrator of Glee Hotel Ltd, with effect from July 6, 2026. The bank also asked any person with claims against the company to forward them to the administrator.
The Kenya Railways Corporation (KRC) is seeking a contractor to develop a 15-kilometre SGR line linking the Syokimau passenger terminus with Nairobi Central Station, which is currently served only by the older metre-gauge railway (MGR).
The Communications Authority of Kenya (CA) has rolled out a 10-year Courier Hailing Service Provider licence to cover companies offering courier services through digital platforms. Under the new category, firms will pay a Sh5,000 application fee, an initial licence fee of Sh100,000 and an annual operating fee of Sh100,000 or 0.4 percent of their annual gross turnover, whichever is higher.
The push is taking shape in Bujumbura, Burundi, where delegates are meeting from July 5 to 7 for the 5th World Kiswahili Language Day celebrations and the 3rd East African Kiswahili Commission (EAKC) International Kiswahili Conference.
The company’s shares fell 1.5% in early trading following the announcement, which comes as major technology firms face mounting pressure to justify massive spending on AI development.
The approvals announced on Monday introduce new products across money market, fixed income and multi-asset categories, including offerings in Kenya Shillings, US Dollars, Euros and Sterling denominations.
In a public notice issued on Monday, KRA informed licensed manufacturers, importers and members of the public that bottled water produced or brought into the country from the effective date will no longer attract excise tax.
The county collected Sh15.399 billion during the financial year, representing an increase of Sh1.6 billion from the Sh13.8 billion realised in the 2024/2025 financial year.
The June 2026 report indicates that several commonly used household items registered price increases between May and June, making routine spending more expensive for consumers.
The latest performance echoes the trend seen in 2023 when remittance inflows during the review period fell by 1.8 percent. At the time, rising prices across major economies reduced the amount of disposable income available to migrant workers, limiting the money they could send to relatives back home.
Under the programme, eligible taxpayers will receive a 100 per cent waiver on penalties, interest and fines once they settle the principal tax within the amnesty period. The relief is conditional on payment of the main tax owed within the set timeline.
The initiative seeks to expand lending to viable businesses by partnering with commercial banks, SACCOs, microfinance banks and digital credit providers, with the goal of supporting enterprise recovery and promoting long-term economic growth
According to Sasra, regulated Saccos were managing 18.95 million deposit accounts worth a combined Sh832.8 billion as of December 2025. Of these accounts, 16.88 million held less than Sh50,000. Together, they accounted for Sh45 billion, representing just 5.36 per cent of the total deposits held within the regulated Sacco sector.
Food and non-alcoholic beverages recorded an annual inflation rate of 8.6 per cent, while transport costs increased by 16.1 per cent. Housing, water, electricity, gas and other fuels registered a 3.4 per cent rise over the same period.