Author: David Indeje

Nearly all the electricity users across categories in Kenya will be paying more for every unit of electricity they consume if new proposals from the utility company are passed. Kenya Power has requested the Energy and Petroleum Regulatory Authority (EPRA) to approve their proposed tariffs to make domestic consumers pay KSh14 per kWh for up to 30 kilowatts of power. At the same time, those exceeding 30kWh per month expected KSh21.68/kWh, a figure set to drop to KSh20.61 in July 2024. “The rationale of this Retail Tariff Review is to incorporate change in Electricity Sub-sector cost structure and update key…

Kenya Railways will phase out cash payments for tickets starting February 1. “We wish to notify our customers and general public that effective February 1 2023, we will no longer be accepting cash for purchase of tickets at all Madaraka Express Passenger Service Stations,” reads the notice. https://twitter.com/KenyaRailways_/status/1617935041975418881?s=20&t=cKS8Jr1HGDbDqPXjy38LzQ According to a 2022 Visa survey, an estimated (71%) of businesses in Kenya use cash as a means of payment, compared to the higher use of cash by companies in South Africa (91%) and Nigeria (94%). In addition, the less use of cash among Kenyan businesses is reflected in the high preference…

Kenya’s teenage pregnancy rate is one of the highest in the world. According to the latest data from the Kenya Demographic and Health Survey, a report by the Kenya Bureau of Statistics (KNBS), 15 per cent of women aged 15–19 have ever been pregnant, and 12 per cent have had a live birth. This worrying statistic is a cause for concern in Kenya and has far-reaching implications that should be addressed immediately. The survey paints a bleak picture for a nation that already faces many challenges in healthcare, poverty, and education. It makes it even more concerning considering that 1%…

The National Treasury plans to cut the budget deficit to 4.3% of GDP in the 2023–24 financial year from an estimated 5.8% in the current period. In addition, it plans to cut a further 3.6% in the 2026–27 financial year period according to its Draft 2023 Budget Policy Statement themed “Economic Recovery Agenda to Promote Inclusive Growth.” Treasury targets to grow tax revenues above 17.8% of GDP in the FY 2023/24 and above 18.0% of GDP over the medium term. “As part of the economic turnaround plan, the Government will scale up revenue collection efforts by the Kenya Revenue Authority…

The East Africa Community (EAC) anticipates a single regional currency in the next four years, EAC Secretary General Dr Peter Mathuki says. Mathuki disclosed that the Council of Ministers is likely to decide soon on the location of the East African Monetary Institute, a precursor to the East African Central Bank that will issue the single currency. “This year will are going to finalise where we will have the East Africa Monetary institute – the constitution that will create a roadmap for having one currency. Hopefully in the next 3-4 years will have a common currency,” said Mr Mathuki. “The…

MySafaricom App has been significantly updated to improve the user experience, with features such as the Bonga Spin & Win Promotion, Go Monthly Bundles, and more. Among other features, the lifestyle platform offers users the ability to view and download their M-PESA receipts and a quick way to pay for 4G home internet, according to the company. The MySafaricom App has four menus: Home, M-PESA, Discover, and Account. Below is what you get to find and see. The updates made in December 2022 provide an easy and efficient way for customers to access Safaricom products and services under one roof,…