Kenya’s inflation rate increased to 3.3% in January 2025, up from 3% in December 2024.
Kenyans purchased 2.2 million smartphones in three months to September 2024, pushing the total in active use to 37.4 million.
The Kenyan Shilling trades at Sh129.5 against the US dollar towards the end of this week.
Kenya is looking for new donors to support its HIV programme after the US government temporarily paused funding and distribution of the HIV drugs it provides.
KRA caught smuggled and fake goods worth Sh243.5 million at entry points, including Mombasa port, in 2024, up from Sh200 million the year before.
EABL’s profit after tax rose by 20% to Sh8.1 billion in the half-year results ended Dec 31, 2024. Profits increased due to cost management, operational efficiencies, and currency appreciation.
Kenya Power announced a 31 times growth in its half-year results for FY 2024/25, with a net profit of Sh9.97 billion. They declared their first interim dividend in 9 years of Sh0.20 per share.
KNH has suspended 11 employees over a Sh47 million cybercrime theft, recovering Sh16 million so far. The hospital clarified that the loss was Sh47 million, not Sh517.9 million as reported by PSC, explaining that the larger amount was due to wrong entries.
CS Treasury John Mbadi says over-projection of revenue has led the country to accumulate pending bills.
MPs have given the Health Ministry and SHA representatives two weeks to deliberate and present a comprehensive report on key challenges in the new healthcare system. The report is due in Parliament by Feb 11.
Source: https://x.com/moneyacademyKE