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From austerity to handouts: Ruto's Sh4.7tr pre-election budget to appease Kenyans

President Ruto's Sh4.7 trillion budget plan is designed to balance the demands of a fiscally constrained government against the immediate needs of restless Kenyans ahead of the elections.
By Brian Ngugi 2026-02-24 08:30:00
The government is pursuing creative financing options to extend the SGR from Naivasha to Kisumu and to the Ugandan border at Malaba without relying on new debt from external lenders.
By Esther Dianah 2026-02-24 06:00:00
The dealings between Kenya Railways and Afristar, which operates the SGR, are again under scrutiny as an internal audit points to breaches in the public finance management laws.
By Macharia Kamau 2026-02-17 08:15:00
A few years ago, when the Kenyan market was struggling to access dollars as inflation surged, the interest rate regime was the preferred capital mop-up tool for the government.
By Graham Kajilwa 2026-02-17 08:10:00
The adoption of electric vehicles might fuel the development of more toll roads as the government agonises over a new source of revenue to replace the Road Maintenance Levy Fund.
By Graham Kajilwa 2026-02-10 08:50:00
CBK faces a high-stakes decision on interest rates on Tuesday, caught between a cooling economy, a massive government borrowing plan, and mounting pressure to deliver affordable credit.
By Alexander Chagema and Brian Ngugi 2026-02-10 08:35:00
The economic relationship between Kenya and Brazil has long been characterised by a significant trade imbalance, with Brazil exporting far more to Kenya than Kenya exports to Brazil.
By Nanjinia Wamuswa 2026-02-10 00:00:00
A decade ago, when Nakumatt Holdings was going under after choking in huge debts, the retailer had Sh4.8 billion in its books held in commercial paper.
By Graham Kajilwa 2026-02-03 08:20:00
After months of operational turbulence, Kenya Airways has revealed that all grounded aircraft will be back in the skies by June 2026, marking a major recovery push after months of disruption.
By Macharia Kamau 2026-02-03 08:00:00
So far, the economic prospects in terms of growth seem to favour Uganda and Tanzania compared to Kenya majorly because of natural gas and oil exploration.
By Graham Kajilwa 2026-01-27 08:10:00
Despite huge renewable potential, Africa’s grid infrastructure is characterised by under investment, fragmentation, and technical difficulties, leaving millions without dependable electricity.
By James Wanzala 2026-01-27 06:30:00
The proposals are aimed at de-risking investment in a sector the government says can no longer rely solely on public financing to meet future power needs.
By Macharia Kamau 2026-01-27 06:00:00