The Kenyan government is launching the second phase of its youth enterprise support program, which will provide 122,000 young entrepreneurs with business grants of Sh50,000 each.

• 122,000 youths aged 18-29 will receive the grants.
• The initiative is spearheaded by the Kenyan Government, with President William Ruto presiding over the main ceremony.
• The program represents a total investment of approximately Sh6.1 billion, with at least 70 beneficiaries selected from every ward.

The Kenya Revenue Authority (KRA) has set an 8% interest rate for fringe benefits and deemed interest rates for loans and benefits provided to employees. This new rate will be in effect from July to September 2026.

• The 8% rate applies to Fringe Benefit Tax, Deemed Interest, and Low Interest Benefit.
• The Kenya Revenue Authority (KRA) is the organization implementing this change.
• A 15% withholding tax applies to the Deemed Interest Rate, payable within 5 working days.

Outgoing European Union Ambassador to Kenya Henriette Geiger has declared the partnership between Kenya and the EU stronger than ever, marking the near five-year tenure as a period of significant growth and expanded cooperation.

• Bilateral trade has reportedly grown by approximately 20 percent since the Kenya-European Union Economic Partnership Agreement (EPA) entered into force.
• The key entities involved are the European Union and the Kenyan government, under departing Ambassador Henriette Geiger and President William Ruto.
• A notable detail is Geiger's view that Kenya's digital economy presents the next frontier for cooperation, with potential for significant investment and job creation.