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POLITICS

Parliament Allows More Borrowing to Fund 2022 General Elections, Debt Is Currently at 9 Trillion

Parliament has okayed the national Treasury to borrow more to fund the 2022 general election. The Parliament budget committee headed by Kanini Kega has given the node for more borrowing to ensure the 2022 general election is funded through borrowing. The government of Kenya has been experiencing financial difficulties since Uhuru entered into an handshake with Raila Odinga.

  3 days ago ago
Parliament Allows More Borrowing to Fund 2022 General Elections, Debt Is Currently at 9 Trillion

ECONOMY-FINANCE

The Huge Amount's Of Money Kenya Will Spend On It's 2022/2023 National Budget

The Huge Amount's Of Money Kenya Will Spend On It's 2022/2023 National Budget. Tuesday, 16th November 2021, Nairobi Kenya. The government has already started preparations of the 2022/2023 National budget and the treasury has already released the estimates of the allocations and list of some of the projects that will be funded under the new budget.

  19 days ago ago
The Huge Amount's Of Money Kenya Will Spend On It's 2022/2023 National Budget

ECONOMY-FINANCE

Richest Man In Africa Made Kshs 442.5 Million In Just 8 Hours And Now Occupies Position 191 Globally

Africa's richest man,Aliko Dangote is reported to have made 442.5 Million Kenyan shillings in just 8 hours according to a story carried by Tuko.Co.Ke. According to latest billionaire index,Aliko Dangote's wealth grew by 0.03% to occupy the position 191 in the world in the list of billionaires.

  1 month ago ago
Richest Man In Africa Made Kshs 442.5 Million In Just 8 Hours And Now Occupies Position 191 Globally

POLITICS

Comparing Kibaki's Legacy In Terms Of GDP Growth And Public Debt To That Of Jubilee Government

In his 90th birthday, the former president of Kenya His excellency Mwai Kibaki has received alot of praise from kenyans who have taken to the social media platforms to celebrate the icon with many regarding him as the best President ever who transformed the economy of the country throughout his 10 years as the president.

  20 days ago ago
Comparing Kibaki's Legacy In Terms Of GDP Growth And Public Debt To That Of Jubilee Government

ECONOMY-FINANCE

Some of THe 5 Richest Companies In The World And Their Worth (PHOTOS)

There are different ways experts use to determine the value of companies around the world, one of them being market capitalization also known as market cap in stock market. Therefore in this article we are going to look at five richest companies in the world. These companies are known to be successful and most of their founders are also among the world's richest people.

  2 months ago ago
Some of THe 5 Richest Companies In The World And Their Worth (PHOTOS)

ECONOMY-FINANCE

"Prepare For The Worst" As Government Is Set To Increase Tax To This Crucial Items

The citizens of Kenyan could pay more for airtime credit and other internet access if President Uhuru signs an amendment tax bill into a law. The legislatures have increased the excise tax duty on data and airtime from 15% to 20% in the 2021 Finance Bill, presented to the president for ascend.

  5 months ago ago

ECONOMY-FINANCE

Government Set's 2022/2023 National Budget At Ksh 3.3 Trillion

Government Set's 2022/2023 National Budget At 3.3 Trillion Kenya Shillings. Tuesday, 16th November 2021, Nairobi Kenya. The National Treasury has already started the process of rolling out the 2022/2023 National budget and this is a budget that will cost a total of 3.3 Trillion Kenya Shillings which will be the biggest budget ever in the country's history.

  19 days ago ago
Government Set's 2022/2023 National Budget At Ksh 3.3 Trillion

ECONOMY-FINANCE

"Please CS Ukur Send My Share Of Ksh. 77, 052" Netizens React On Ksh. 3.66 Trillion Budget

The Cabinet Secretary Ukur Yatan on Thursday 10th, June, 2021 read the financial year budget whereby according to the reports, the budget was worth Ksh. 3.66 Trillion. The money was distributed in all sectors of the country accordingly and therefore, the aim of this is to ensure growth and development in the economy of the republic of Kenya.

  5 months ago ago

ECONOMY-FINANCE

India to Surpass The USD 5 Trillion Economy, Minister Reveals

Being the 6th top economy in the world, India has revealed that it's on its the path to beating that and achieving more, during the 2020 world expo in Dubai Union Commerce and Industry Minister Piyush Goyal revealed that India would soon surpass the USD 400 billion exports per year and USD 5 trillion GDP.

  2 months ago ago
India to Surpass The USD 5 Trillion Economy, Minister Reveals

ECONOMY-FINANCE

The One Hundred Trillion Zimbabwean Dollar

In 2007 Zimbabwe experienced, hyperinflation due to several economic shocks. The Zimbabwean government increased its money supply to respond to the rising national debt. Economic output and exports drastically decreased and political corruption increased. image credits wikipedia During the last days of hyperinflation in 2009 the central bank of Zimbabwe issued the one hundred trillion-dollar notes and they could barely pay for a packet of milk then, but their value has shot up over the recent past.

  5 months ago ago
The One Hundred Trillion Zimbabwean Dollar

ECONOMY-FINANCE

How Kenyan Debt Ceiling Could Rise Up To 9 Trillion By The End of Next Year

Auditor General Nancy Gathugu made it clear before the Budget and Financial Committee that Kenya's debt ceiling is fast approaching the approved 9 trillion ceiling mark. The Auditor-General has blamed the treasury for not balancing its expenses with the revenue performance this forcing Government to go for loans.

  1 month ago ago
How Kenyan Debt Ceiling Could Rise Up To 9 Trillion By The End of Next Year

ECONOMY-FINANCE

Angry Kenyans Roast Taxman For Employees Additional 1 Month Salary Bonus for Surpassing Its Targets

In a special internal notice dated August 11, Kenya Revenue Authority Commissioner General Githii Mburu announced that all KRA employees were expected to receive a bonus equivalent to one month basic salary after the organization surpassed its 2020/2021 annual revenue collection. The revelation came after Board Members agreed to motivate its employees for a well done job and to motivate them more in order to surpass the 2021/2022 target of Ksh.1.88 Trillion.

  3 months ago ago
Angry Kenyans Roast Taxman For Employees Additional 1 Month Salary Bonus for Surpassing Its Targets

ECONOMY-FINANCE

Intrigues of the 608B Debt CS Yatani Omitted From His Budget Speech

On the 10th day of June 2021, Kenyan nationals where glued on distinguished Kenyan media stations in their quest to quench the thirst of the long awaited 2020/21 budget pronouncement with a myriad number of them holding the tenet that the budget would make life sweeter. Ukur Yatani appearing before the National Assembly on Thursday articulated that the total budget for Kenya for the 2020/21 financial year would be 3.03 Trillion.

  5 months ago ago
Intrigues of the 608B Debt CS Yatani Omitted From His Budget Speech

ECONOMY-FINANCE

Interesting Facts About Democratic Republic Of Congo

1. DR Congo is the world's richest country with regards to mineral resources, it has an estimated $23 Trillion worth of mineral deposit still untapped. If properly utilized, DR Congo will be both the largest net-exporter of natural resources and net-producer of finished goods in the world.

  3 months ago ago
Interesting Facts About Democratic Republic Of Congo

ECONOMY-FINANCE

Inside the 3.6 Trillion Budget; the Security Sector and Recurrent Expenditures Take a Giant Share

The National Treasury Cabinet Secretary, Ukur Yattani has unveiled what will be President Uhuru Kenyatta's final full-year expenditure plan. It appears heavy on traditional areas of education, and national security. As he shapes his final legacy year, at least 140 billion shillings have been allocated to The Big Four Agenda.

  5 months ago ago
Inside the 3.6 Trillion Budget; the Security Sector and Recurrent Expenditures Take a Giant Share

POLITICS

A Picture Of Former President Mwai Kibaki Surfaces Online, Here Is The Reson

The financial budget was read the other day. The new financial year is set to roll out as from 1st July. The 3.66 Trillion budget has seen a mixed reaction from Kenyans. Online, a picture has surfaced of a financial minister in the days of the regime of Daniel Torotich Arap Moi.

  5 months ago ago
A Picture Of Former President Mwai Kibaki Surfaces Online, Here Is The Reson

ECONOMY-FINANCE

Concerns of Kenya's Budget Hitting 4 Trillion Very Soon

Kenya's budget like that of the other countries not only in Africa but in the world has been steadily grown since independence which is due to increase in population and demands but many people have seen it as a negative growth for the budget is growing in a very high rate making the country unable to fund it.

  5 months ago ago
Concerns of Kenya's Budget  Hitting 4 Trillion Very Soon

ECONOMY-FINANCE

Kenya debt at Shs. 7 Trillion

According to fresh figures from the Kenya Treasury and Central Bank, the debt of the country reached 7.7 trillion Ksh (CBK). In contrast, the debt stock of Kenya was smaller than the previous year by 6.7 billion Ksh. This indicates that in the last 12 months, in the course of a period of updated loan payments to Kenya, the government has added KSH.1 trillion to its debt stock.

  4 months ago ago
Kenya debt at Shs. 7 Trillion

POLITICS

Reasons As To Why Former President Mwai Kibaki Is Trending On Twitter After The Budget Was Read

Mwai Kibaki who was the former president of Kenya has now become the talk of the day in the social media platforms and especially on twitter. Kibaki who took leadership of this country from president Daniel Moi and handed it over to the current president Uhuru Kenyatta started to trend yesterday after the budget was read because of various reasons.

  5 months ago ago
Reasons As To Why Former President Mwai Kibaki Is Trending On Twitter After The Budget Was Read

POLITICS

Why Former President Mwai Kibaki Is Trending On Twitter Today

President Mwai Kibaki has been trending on Twitter for hours now. This comes after the Treasury presented Kenya's most significant budget of 3.66 Trillion. The former President is remembered for serving for 12 years in the Ministry of Finance when the economy thrived. As President, During the 2003/04 Financial Year, the KRA collected 229 Billion and got 11 Billion grants.

  5 months ago ago
Why Former President Mwai Kibaki Is Trending On Twitter Today