World News by Wild Rose

Kenya's lawmakers voted on Wednesday 14 October to hold fuel VAT at 8% for 90 days; the finance chair says six months of relief cost about US$416 million. The post Kenya Lawmakers Vote to Keep Fuel Tax at 8% appeared first on The Rio Times.

Rising fuel prices are having a negative impact on household budgets and sectors including transport, agriculture, and construction.

The International Monetary Fund now puts Kenya's 2026 economy at about US$151 billion, still seventh in Africa and about US$6 billion behind Angola. The post Kenya Economy Estimate Rises to US$151 Billion appeared first on The Rio Times.

Kenya plans to begin an over-the-counter trading platform for government securities to help boost the local debt market.

Kenya's foreign partners mapped as of October 2026: who lends, invests, trains troops and sends money home, and what each one wants in return. The post Foreign Powers and Investors in Kenya 2026 appeared first on The Rio Times.

Kenya's second-quarter GDP release will show whether the economy held near its 5.3% first-quarter pace or lost momentum under high rates and debt. The post Kenya’s GDP Growth Faces a 5 Percent Test appeared first on The Rio Times.

Kenyans abroad sent US$5.01 billion home in the year to August, down 1.3%. US inflows fell 12.4%, while Europe and the UAE grew strongly. The post Kenya Remittances From US Fall 12.4% Through August appeared first on The Rio Times.

Kenya’s central bank kept its benchmark rate at 8.75% on 7 October, the fourth hold in a row. Inflation edged up to 6.8%, near the top of the target range. The post Kenya Holds Interest Rate at 8.75% appeared first on The Rio Times.

Kenya's Ndegwa family is cleared to buy back 24.1% of ICEA Lion for a reported US$65.5 million from a fund through which Prudential Financial holds it. The post Kenya’s Ndegwa Family Cleared to Buy Back 24% of Insurer ICEA Lion appeared first on The Rio Times.

Kenya neighbours define its power as East Africa's logistics and finance hub, from Mombasa port rivalries to Uganda trade and Somalia security. The post Kenya Neighbours Explained, East Africa in 2026 appeared first on The Rio Times.

Safaricom lifted Nairobi on Thursday, pushing the NSE All Share Index up 0.5% to 246.82 while the shilling held steady at 129.71 per US dollar. The post Kenya Markets: NSE & the Shilling — October 1, 2026 appeared first on The Rio Times.

Kenya needs to lower the cost of electricity, create a more stable tax environment and undertake other reforms to attract private-sector investment and create jobs, according to the World Bank.

Kenyan inflation accelerated to the highest level in more than two and a half years in September, driven by higher energy and food prices.

A Kenyan High Court has ordered construction to be paused on Aliko Dangote’s $16 billion oil refinery in the East African nation, after a group of locals filed a case opposing the project.

Kenya’s public university lecturers plan to strike from 2 October. Vice-chancellors say the state owes them more than US$770 million and cannot fund a new pay deal without fresh Treasury money. The post Kenya Lecturers Set to Strike as Universities Report US$770 Million Hole appeared first on The Rio Times.

KENYA · RETAIL Key Facts —The country Kenya’s formal retail sector has seen several large chains fail under debt in the past decade. —The model Quickmart funds new stores mainly from internally generated cash, with suppliers carrying stock. —The scale It runs 72 stores across 16 counties, 35 of them open around the clock. —The […] The post Quickmart Kenya Grows on Supplier Credit Rather Than Bank Debt appeared first on The Rio Times.

Kenya · MINING Key Facts —What happened Kenya, on Africa’s east coast, opened a tender in March 2026 for Mrima Hill, a rare earth and niobium deposit. —The numbers The widely cited US$62.4 billion is a 2013 in-ground estimate by former licence holder Cortec, not a deal price. —The catch Kenya’s 2022 mapping found thorium, […] The post Scramble On for Kenya’s Mrima Hill Rare Earths and Niobium appeared first on The Rio Times.

Kenya · BUSINESS Key Facts —What happened Kenyan contractors have asked the High Court to force publication of tax breaks granted to Chinese-built projects since 2008. —The projects The petition cites the Standard Gauge Railway, Nairobi Expressway, Thika Superhighway and Lamu Port, all built by Chinese firms. —The legal claim Petitioners say tax and duty […] The post Kenyan Contractors Sue the State Over Tax Breaks for Chinese Firms appeared first on The Rio Times.