Oil prices have fallen to a four-month low after progress in US-Iran talks eased fears of supply disruptions through the Strait of Hormuz.
Brent crude dropped to $70 a barrel, while US crude fell to $67.
KRA now says it will not extend the June 30 deadline for filing 2025 Income Tax Returns.
Taxpayers who fail to file by Tuesday risk penalties and possible default tax assessments.
Iran's negotiating team has left talks in Switzerland in protest after Trump's threats.
Iran says the threats violate the June 18 agreement, which bars the use of threats or force.
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Kenya is set to borrow heavily to cover a Sh1.1 trillion budget gap in FY2026/27.
About 87% of the shortfall is expected to come from domestic borrowing.
Workers earning below Sh30,000 will not get the promised PAYE tax relief in the FY2026/27 budget.
Treasury CS John Mbadi says the proposal is still under consideration despite President Ruto's earlier pledge.
Debt servicing in the FY 2026/27 budget stands at about Sh1.3 trillion, which is just interest payments alone, showing how much pressure debt is putting on the budget.
So out of the Sh4.8 trillion budget, about Sh1.3 trillion goes to interest payments alone on debt servicing.
Here is everything you need to know about the budget in simple terms.
@Fortuneochako1 has shared details from the FY 2026/27 budget.
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The High Court has upheld the impeachment of Rigathi Gachagua. The judges formally ruled that both the National Assembly and the Senate followed constitutional guidelines, conducted adequate public participation, and legally validated the charges against him.
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The 4th Kenya Blockchain & Crypto Conference (#KBCC2026) is in full swing — where Africa’s digital economy meets the future of stablecoins, payments & blockchain innovation. Big shoutout to Title Sponsor @okx
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