Business & Economy
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County Budget Transparency Hits Five-Year High in 2025 Survey
County budget transparency in Kenya has reached a five-year high in 2025, with an average score of 65 points, indicating improved public access to information and accountability mechanisms. However, a new report reveals that while Kenyan counties have improved budget information transparency, many still fail to provide sufficient details for public scrutiny and accountability. At the same time, Kenya's Senate and National Assembly have reached a deal allocating Sh428 billion to counties after extensive negotiations, resolving differences over the equitable share of national revenue.
CBK Maintains 8.75pc Rate, Cuts 2026 Growth Forecast
The Central Bank of Kenya (CBK) has maintained its benchmark lending rate at 8.75 percent, citing rising inflation primarily driven by increased global energy prices. The CBK has also announced that its next interest rate decision will be contingent upon upcoming inflation data, with a particular focus on food and energy price trends. Separately, the Kenya Revenue Authority (KRA) is preparing to pursue employers who have failed to remit over Sh100 billion in employee deductions for the Affordable Housing Levy.
Olkaria Green Energy Park Secures Customs Status, Unlocking Investor Tax Incentives
The Olkaria Green Energy Park in Kenya has officially been designated a Customs Controlled Area, unlocking significant tax and customs incentives for investors. In a separate development, Car & General has launched a new LPG-powered Piaggio Ape NXT+ LPG three-wheeler in Kenya, offering a potentially cost-effective and environmentally friendly transport solution for operators. Parliament's Departmental Committee on Blue Economy, Water and Irrigation is also pushing for the termination and blacklisting of contractors due to significant delays in key water and sanitation projects across Kenya.
