
The Kenyan government has announced a Ksh 21.5 billion plan to stabilize fuel prices amid global oil market uncertainties. President William Ruto revealed this intervention on Tuesday while signing the Finance Bill 2026, aiming to prevent sharp increases in pump prices for Kenyans in the upcoming months.
AI summary. Verify with the original source.
Read full story at Business Today (KE) ↗
Listen
Unlock audio summaries, audio summaries, AI chat, Wikipedia facts, and ad-free reading.
$3.99 / month · cancel anytime
Go PremiumBackground facts
Unlock wikipedia facts, audio summaries, AI chat, Wikipedia facts, and ad-free reading.
$3.99 / month · cancel anytime
Go PremiumSimilar stories

President William Ruto has announced a government initiative to increase coffee farmers' earnings from Sh158 per kilogramme to between Sh250 and Sh300 in the coming years. This plan is part of a broader strategy to revitalize Kenya's coffee sector. During the launch of a coffee revival program in Kianyaga, Kirinyaga County, Ruto noted that while progress has been made in improving farmers' returns, additional measures are necessary to ensure profitability in coffee farming.
Nairobi Wire·June 23, 2026 at 3:45 AM
President William Ruto announced an increase in the duty-free allowance for travellers from Sh39,000 to Sh260,000. This adjustment aims to alleviate the tax burden on returning Kenyans and other individuals entering the country.
Capital FM Business·June 25, 2026 at 3:44 AM
Uganda's electricity regulator has announced that power tariffs will remain largely unchanged for the second quarter of 2026, as a strengthening shilling has balanced out a slight increase in global fuel prices. The Electricity Regulatory Authority noted that the approved end-user tariffs for April to June reflect changes in macroeconomic factors, but ultimately maintain stable pricing. The Ugandan shilling appreciated against the US dollar, reducing pressure on costs associated with dollar-denominated electricity generation.
Uganda Business News·April 9, 2026 at 6:34 AM
The Central Bank of Kenya (CBK) has secured Sh29.2 billion from a tap sale of Treasury bonds in June, contributing to a total of Sh31 billion in bids as the government approaches the end of its domestic borrowing program for the 2025/26 financial year. This move comes amid increasing funding pressures.
Sharp Daily·June 24, 2026 at 9:11 AM
Uganda's annual inflation rate increased to 3.2 percent in May from 3 percent in April, primarily due to rising fuel and transport costs associated with higher global oil prices. This trend has raised concerns at the Bank of Uganda regarding external inflation pressures, while food prices have remained relatively stable. The Uganda Bureau of Statistics reported a monthly consumer price rise of 0.7 percent.
Uganda Business News·June 1, 2026 at 5:12 AM
The Ministry of Interior in Kenya has announced a Ksh4 billion plan to establish a National Cybersecurity Agency (NCSA) following approval from Parliament. This agency will function as an autonomous body to coordinate national cybersecurity initiatives and protect the country's digital infrastructure, addressing the increasing cyber threats faced by Kenya. The establishment of the NCSA is seen as a significant step in securing Kenya's expanding digital ecosystem.
Nairobi Wire·June 23, 2026 at 3:49 AM