(NAIROBI, KENYA) – Kenya’s tax authority has uncovered a value added tax fraud involving fictitious electronic invoices worth about KES 42 billion ($323 million / £247 million) over five years, exposing the exchequer to about KES 4 billion ($30.8 million / £23.5 million) in fake claims. Forensic investigators said threeContinue Reading
(NAIROBI, KENYA) – Kenya has withdrawn its fuel subsidy for the first time since August 2025, pushing pump prices to their highest level in years. The Energy and Petroleum Regulatory Authority announced the decision on Wednesday evening. Petrol and diesel prices rose by KES 12.93 and KES 9.90 per litreContinue Reading
(NAIROBI, KENYA) – Kenya’s High Court has cleared the way for a Spanish firm to pursue the liquidation of Kenya Electricity Transmission Company (Ketraco) over an unpaid award now valued at KES 10 billion ($77.1 million / £58.8 million). The court dismissed Ketraco’s preliminary objection, ruling that state ownership doesContinue Reading
(JUBA) – The Caretaker National Minister of Petroleum, Hon. Eng. Awow Daniel Chuang, has called for increased oil production and the replenishment of reserves through stronger exploration activities. The call came during a courtesy visit to the joint operating companies on Wednesday, 14th October 2026. The visit was aimed atContinue Reading
(BANGKOK) – BoSS Governor Hon. Dr. Addis Ababa Othow has called for deeper regional cooperation, technology sharing and increased investment to strengthen trade integration across the East African Community (EAC). Speaking at an EAC high-level discussion organised by the International Monetary Fund (IMF), Othow stressed the importance of learning fromContinue Reading
(BANGKOK, THAILAND) – South Sudan’s delegation at the IMF and World Bank Group Annual Meetings has held a series of high-level talks aimed at attracting investment and strengthening economic cooperation. The delegation led by Caretaker Minister of Finance and Planning Hon. Athian Ding Athian and Central Bank Governor Hon. Dr.Continue Reading
(JUBA) – Average food basket prices across South Sudan stayed the same at 133,602 South Sudanese pounds (about $20.55) per person for the month, according to the World Food Programme’s latest market monitor covering 28th September to 4th October 2026. The figure was unchanged week on week and month onContinue Reading
(KILIFI, KENYA) – Four salt producers have won a court case against a KES 200 ($1.50 / £1.20) per tonne levy imposed by the Kilifi County government. The High Court declared the charge unconstitutional and ordered a stop to collections. The judge ruled that the charge under the Kilifi CountyContinue Reading
(NAIROBI, KENYA) – Kenya will spend nearly four out of every five shillings of ordinary revenue on debt repayments in the financial year ending June 2027, according to the National Treasury. Total debt service is projected at KES 2.30 trillion ($17.8 billion / £13.6 billion), equal to 79.8% of ordinaryContinue Reading
(NAIROBI, KENYA) – I&M Bank has won a KES 713 million ($5.5 million / £4.2 million) tax dispute after the Tax Appeals Tribunal ruled that the Kenya Revenue Authority wrongly taxed a reversal of loan-loss provisions as bad debts written off in 2019. The tribunal found that KRA misclassified aContinue Reading
