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Jimmy Mbogoh

Jimmy Mbogoh

147 Articles
CBK says Kenya has enough forex reserves amid El Nino, Middle East conflict
August 13, 2026 08:06 (EAT) • 1 day ago

CBK says Kenya has enough forex reserves amid El Nino, Middle East conflict

According to CBK Governor Kamau Thugge, Kenya's usable foreign exchange reserves currently provide about 6.2 months of import cover, well above the four-month minimum recommended level.

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Vision 2030 at 66%: What went wrong and what lies ahead?
August 12, 2026 10:00 (EAT) • 2 days ago

Vision 2030 at 66%: What went wrong and what lies ahead?

The State Department for Economic Planning says the country has made significant gains, particularly on the political pillar. But it is the economic pillar that remains the biggest stumbling block, with the target of 10 per cent annual economic growth still out of rea...

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Kenya Re bosses deny claims of poor governance, harassment in removal petition
July 28, 2026 10:52 (EAT) • 2 weeks ago

Kenya Re bosses deny claims of poor governance, harassment in removal petition

In court documents seen by Citizen TV, the two, through their lawyer Peter Wanyama, argue that the petitioner failed to exhaust the dispute resolution mechanisms provided under various laws before moving to court.

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Fresh petition filed to remove Kenya Re CEO Hillary Wachinga over mismanagement, staff harassment claims
July 24, 2026 10:41 (EAT) • 3 weeks ago

Fresh petition filed to remove Kenya Re CEO Hillary Wachinga over mismanagement, staff harassment claims

Behind the polished facade of Kenya Reinsurance Corporation, a turbulent picture is emerging. It is a picture marked by allegations of mismanagement, harassment of employees, misuse of corporate finances, and an alleged reign of terror imposed by senior officials who invoke the names of senior and p...

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2.4 million Kenyans risk falling into poverty by end of December 2026 - World Bank
July 09, 2026 10:32 (EAT) • 1 month ago

2.4 million Kenyans risk falling into poverty by end of December 2026 - World Bank

In its latest edition of the Kenya Economic Update, the World Bank said its microsimulation estimates suggest the poverty rate could increase by between two and 4.5 percentage points in 2026.

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CBK retains lending rate at 8.75% despite rising inflation
June 10, 2026 08:02 (EAT) • 2 months ago

CBK retains lending rate at 8.75% despite rising inflation

According to Central Bank Governor Kamau Thugge, who also chairs the Monetary Policy Committee, the conflict in the Middle East has disrupted global supply chains, leading to higher energy prices and transportation costs, which have in turn pushed up inflation.

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Treasury CS Mbadi now warns Ksh.3.6 trillion revenue target may not be realised
May 28, 2026 04:46 (EAT) • 2 months ago

Treasury CS Mbadi now warns Ksh.3.6 trillion revenue target may not be realised

CS Mbadi, who has on several occasions defended the expansive Ksh.4.8 trillion budget, expressed frustrations with the inflexibility of the budget.Economic experts, however, say there is room for a trade-off that could help the government live within its means.

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Bankers, accountants push for lower PAYE rates in Finance Bill 2026 proposals
May 21, 2026 09:08 (EAT) • 2 months ago

Bankers, accountants push for lower PAYE rates in Finance Bill 2026 proposals

In presentations made by both the KBA and ICPAK, the groups told the committee that a reduction in the marginal PAYE rate and the expansion of PAYE bands would enhance progressive tax collection in line with the government’s policy objectives.

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Finance Bill 2026: Concerns raised over Ksh.100K fines for tax non-compliance
May 13, 2026 08:17 (EAT) • 3 months ago

Finance Bill 2026: Concerns raised over Ksh.100K fines for tax non-compliance

In the bill, the National Treasury is proposing to amend Section 77(2) on the computation of time for lodging objections and appeals.

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Treasury to bring back second-hand clothes tax through amendments, Mbadi says
May 11, 2026 09:33 (EAT) • 3 months ago

Treasury to bring back second-hand clothes tax through amendments, Mbadi says

Mbadi, who was speaking while clarifying proposals in the Bill, said the mitumba tax plan would be brought back through amendments, arguing it was aimed at simplifying taxation in the sector by collecting the levy at the point of entry.

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