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HomeDaily NewsThursday, June 18, 2026Treasury Defends Economic Resilience Amid Shilling Gains - June 2026
Breaking News & Top Stories4 stories from 2 sources

Treasury Defends Economic Resilience Amid Shilling Gains - June 2026

Kenya's National Treasury has defended the nation's economic resilience and debt strategy before the Senate, attributing its performance to ongoing public finance reforms. The Kenya Shilling is expected to strengthen further as Kenyan traders increasingly utilize the Chinese yuan over the U.S. dollar in trade with China. Additionally, Kenya anticipates potential relief from high fuel prices following Iran's agreement to reopen the Strait of Hormuz under a U.S.-brokered ceasefire deal, which eases concerns over global oil supply disruptions. Parliament has also approved crucial additional funding to clear arrears owed to teachers who administered and marked the 2025 national examinations.

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Wednesday 8:43 PMThe StandardFirst

Treasury defends economic resilience, debt strategy and public finance reforms

Treasury defends economic resilience, debt strategy and public finance reforms

Kenya's National Treasury has defended the nation's economic resilience and debt strategy before the Senate, attributing its performance to ongoing public finance reforms.

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Key Highlights

Kenya's National Treasury has defended the nation's economic resilience and debt strategy before the Senate, attributing its performance to ongoing public finance reforms.

  • Kenya's economy expanded by 4.6 per cent in 2025, with total public debt reaching approximately Sh12.842 trillion (69.49% of GDP) as of February 26, 2026.
  • Treasury Cabinet Secretary John Mbadi presented the defense, highlighting positive growth across key sectors despite global and domestic challenges.
  • The Treasury also detailed progress in implementing Kenya Vision 2030, including advancements in education, health (transition to SHA), and affordable housing, alongside strengthened electronic procurement systems.
Thursday 8:48 AMKenyans

Experts Predict When Fuel Prices Will Drop

Experts Predict When Fuel Prices Will Drop

Kenya anticipates potential relief from high fuel prices following Iran's agreement to reopen the Strait of Hormuz under a U.S.-brokered ceasefire deal. This significant development eases concerns over global oil supply disruptions.

Read Story

Key Highlights

Kenya anticipates potential relief from high fuel prices following Iran's agreement to reopen the Strait of Hormuz under a U.S.-brokered ceasefire deal. This significant development eases concerns over global oil supply disruptions.

  • The Strait of Hormuz, a critical energy corridor, handles approximately 20% of global crude oil supplies.
  • The reopening is particularly beneficial for Kenya's government-to-government fuel program, which relies on supplies from nations like Saudi Arabia and the United Arab Emirates.
  • Pakistan Prime Minister Shehbaz Sharif announced the electronic signing of the "historic Islamabad Memorandum of Understanding" between the United States and Iran.
Thursday 11:09 AMKenyans

Kenya Shilling Set for Further Gains as Traders Shift From Dollar

Kenya Shilling Set for Further Gains as Traders Shift From Dollar

The Kenya Shilling is expected to strengthen further as Kenyan traders increasingly utilize the Chinese yuan over the U.S. dollar in trade with China.

Read Story

Key Highlights

The Kenya Shilling is expected to strengthen further as Kenyan traders increasingly utilize the Chinese yuan over the U.S. dollar in trade with China.

  • China's removal of tariffs on imports from 53 African nations, effective May 1, is expected to accelerate trade and yuan transactions.
  • Key organizations involved include local international banks issuing yuan-denominated letters of credit and the Central Bank of Kenya (CBK) projecting currency stability.
  • A notable detail is Kenya's conversion of three Chinese railway loans from dollars to yuan, estimated to save approximately Ksh27.8 billion annually in interest costs.
Thursday 1:14 PMKenyans

Relief for Teachers as Parliament Unlocks Extra Funds to Settle Exam Allowances

Relief for Teachers as Parliament Unlocks Extra Funds to Settle Exam Allowances

Kenya's Parliament has approved crucial additional funding for the 2025/2026 financial year, specifically allocating funds to clear arrears owed to teachers who administered and marked the 2025 national examinations.

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Key Highlights

Kenya's Parliament has approved crucial additional funding for the 2025/2026 financial year, specifically allocating funds to clear arrears owed to teachers who administered and marked the 2025 national examinations.

  • A total of Ksh1.5 billion has been allocated to the State Department for Basic Education for these examination-related payments.
  • The approval was spearheaded by Samuel Atandi, Chairperson of the Budget and Appropriations Committee.
  • Lawmakers adopted the committee's report on supplementary estimates, which included a broader budget increase of approximately Ksh18 billion, ensuring timely payments before the June 30 deadline.
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