Business & Economy3 stories from 2 sources
Kenya has significantly reduced its debt to the United States, cutting it by half in the year ending December 2025 in a rapid repayment effort driven by America's shift away from bilateral lending. Kenyan ministries are set to see an 11.3 percent increase in their budgets, totaling an additional Sh287.4 billion for the 2025/26 financial year due to mounting spending pressures. In Uganda, Minister of Energy and Mineral Development Ruth Nankabirwa urged petroleum marketing companies not to increase pump prices due to the Middle East crisis, emphasizing there is no justification for such hikes.
Kenya has significantly reduced its debt to the United States, cutting it by half in the year ending December 2025 in a rapid repayment effort driven by America's shift away from bilateral lending.
Summary & Analysis
Uganda's Minister of Energy and Mineral Development, Ruth Nankabirwa, has urged petroleum marketing companies not to increase pump prices due to the Middle East crisis, emphasizing there is no justification for such hikes.
Summary & Analysis
