Kenya’s diplomatic missions abroad receive their budgets in Kenyan shillings, while much of their expenditure is incurred in local and other foreign currencies.
By
Dominic Omondi
Business Reporter
Nation Media Group
MPs have stepped up pressure on the Treasury to revive a foreign-exchange compensation scheme for Kenya’s diplomatic missions abroad to help protect their budgets from the impact of a volatile shilling.
Most of the missions continue to grapple with funding cuts from the Exchequer, hurting efforts to give them a facelift. Workers…
The official reserves have already recorded a reduction since the start of the US-Israel war on Iran in March, but the Kenya…
Kenya faces severe fiscal pressures and cash constraints driven by high debt-servicing costs and below-target revenue…
CBK Governor Thugge reveals the global lender is yet to disburse a Sh96.9 billion loan under its development policy operation.
The court noted that Del Monte’s loans were not designated for capital expenditure or expansion but were instead deployed for…
Analysis of Kenya’s 2026/27 Budget reveals that debt servicing consumes most revenue, leaving limited fiscal space for…
