Author: Muindi

The National Treasury will open the FY 2027/28 and Medium Term Budget preparation process on July 22, 2026, at the Kenyatta International Convention Centre in Nairobi, starting at 8:30 am. The launch marks the first formal step in a cycle that will shape government spending priorities through the 2029/30 financial year. Constitution Anchors the Process Treasury conducts the launch under Article 201 of the Constitution and Section 35(2) of the Public Finance Management Act, Cap 412A, provisions that require openness and public involvement in how government raises and spends money. Kenya’s budget calendar treats this launch as the formal starting…

Kenya’s economy will grow 4.3 percent this year, the World Bank said Thursday, trimming its earlier forecast by 0.6 percentage points as the fallout from the U.S. Israeli war on Iran ripples through global energy markets. The bank expects growth to pick up slightly to 4.4 percent in 2027. The revision puts the multilateral lender well below Nairobi’s own projections. The National Treasury still expects the economy to expand 5.0 percent this year and 5.2 percent in 2027, a gap that highlights how differently officials and outside analysts read Kenya’s exposure to the oil shock. The economy grew 4.6 percent…

Kenya’s National Infrastructure Fund has its board. Treasury Cabinet Secretary John Mbadi appointed six members through a gazette notice dated July 8, 2026, with the appointments taking effect the same day and running for a three year term. The move marks a step in getting the fund operational. Established under the National Infrastructure Fund Act, 2026, the NIF exists to channel private capital into roads, railways, energy projects and other large scale infrastructure, reducing Kenya’s reliance on debt to finance development. Earlier this year, the government fed the fund with Ksh 103.45 billion in net proceeds from the sale of…

Spain and Belgium meet in the second quarterfinal of the 2026 FIFA World Cup, set for Friday evening at Los Angeles Stadium, better known outside the tournament as SoFi Stadium. La Roja needed a stoppage time header from Mikel Merino to see off Iberian rivals Portugal in the round of sixteen, a result that also closed the book on Cristiano Ronaldo’s international career after six World Cups. Belgium arrive having ended the co-hosts’ run, beating the United States 4-1 in a match overshadowed by a disputed red card decision involving USA forward Folarin Balogun. Both sides now head to the…

Kenya has a Sovereign Wealth Fund. President Ruto signed the Sovereign Wealth Fund Bill into law on Wednesday, 8 July 2026, during a ceremony at State House that brought together senior government officials, members of parliament and schoolchildren, whose presence marked the law’s stated aim of protecting wealth for generations still to come. How the Bill Got Here The law did not appear overnight. Kimani Ichung’wah, Leader of the Majority Party, sponsored the Sovereign Wealth Fund Bill, which parliament published in February 2026 and read for the first time in March. It cleared its second reading in late June, then…

William Troost-Ekong cannot shake one question as he watches this World Cup unfold. What if Nigeria had made it? The former Super Eagles captain has spent the tournament split between two emotions: pride in what African football continues to prove on the world stage, and frustration that his own country sits outside looking in. “I think the motivation has always been there,” Troost-Ekong says. He believes Nigeria’s squad, many of whom gained experience at the 2018 World Cup, would have matched the level shown by the continent’s other representatives had they qualified. A Painful Lesson, Not Bitterness Troost-Ekong refuses to…