Business & Economy3 stories from 2 sources
Kenyan Members of Parliament have approved the 2026/2027 Budget Policy Statement, setting a total government spending framework of Sh4.7 trillion for the upcoming financial year. This spending plan coincides with the National Treasury's cost of emergency borrowing from the Central Bank of Kenya falling by 55% in the six months ending December 2025, reflecting early impacts of implemented reforms and eased interest rates. In a separate legal matter, the High Court of Kenya has authorized the auction of properties belonging to former Cabinet Secretary Raphael Tuju, dismissing a case that sought to halt the sale in a Sh4.5 billion loan dispute. These developments collectively illustrate Kenya's evolving fiscal landscape.