Business & Economy
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Fuel prices jump by up to Sh49.76 a litre in two years since deadly protests
Kenya is marking the second anniversary of deadly protests with significantly increased fuel prices, which have risen by up to Sh49.76 a litre since June 2024, fueling high inflation and public anger. Two years after widespread Gen Z protests against high taxes and the cost of living, the price of essential food items in Kenya continues to strain household budgets. Separately, the High Court has allowed Busia Senator Okiya Omtatah's petition challenging Kenya's public debt to proceed, dismissing attempts to have it thrown out, as the country faces mounting economic pressures.
Court clears Safaricom stake sale to Vodacom
The Court of Appeal has cleared the way for the Kenyan government's planned sale of a 15 percent stake in Safaricom to South Africa's Vodacom, lifting previous conservatory orders that had suspended the transaction. Meanwhile, RUPSA Sacco has asked the High Court to place KUSCCO under insolvency proceedings, citing the cooperative's substantial liabilities of Sh17.7 billion and audit findings. In a separate development, the Policyholders Compensation Fund has disbursed Sh390.8 million in insurance claims to policyholders and claimants affected by the collapse of several insurance companies.
