Kenya has asked migrants to register with authorities following xenophobic attacks, according to Moneyweb. The country's $141 billion economy has drawn many East Africans seeking work and business opportunities. The registration move comes amid tensions over the presence of foreign nationals in the country. Details on the scope of the attacks, the number of migrants affected, and how the registration process will work were not provided in the report.

Kenya's inflation rate has decreased to 6.4%, indicating a moderation in price pressures after several months of high inflation. This change is expected to provide some relief to households, businesses, and investors, although the cost of living remains elevated. The latest economic indicators suggest a gradual stabilization of inflation, which could impact consumer spending, business planning, borrowing costs, and investment decisions, according to Sharp Daily.

As of July 2, Kenya's foreign exchange reserves stood at USD 14.047 billion, which is sufficient to cover six months of imports. This amount exceeds the statutory minimum requirement set by the Central Bank of Kenya (CBK). The information was detailed in the CBK's latest Weekly Bulletin released on July 3, indicating that the reserves provide a strong buffer against external economic pressures.

Moi University is set to implement staff layoffs as part of a cost-cutting strategy aimed at reducing its monthly wage bill by Ksh 100 million. The decision comes after years of financial difficulties, with university management stating that the restructuring is essential for maintaining financial stability.

A new TIFA Research survey has identified unemployment and poverty as the biggest challenges facing Kenyans, dealing a fresh political blow to President William Ruto's administration. According to the findings, a majority of respondents said their economic situation has deteriorated nearly four years after the 2022 General Election. The survey paints a sobering picture of household finances in Kenya and is likely to intensify scrutiny of the government's economic management and cost-of-living policies.

A Kenyan mother of two says she was conned out of KSh 430,000 she had saved to start a business after a man allegedly manipulated her into a relationship. According to her account reported by Tuko, the ex-boyfriend took the money and left her unable to pay her bills. She further claims that after speaking out, other women came forward alleging they had been similarly defrauded by the same man.