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KRA also surpassed its customs revenue target after collecting Sh988.8 billion against a target of Sh980.8 billion, achieving a performance rate of 100.8 per cent. Domestic revenue reached Sh1.851 trillion, equivalent to 93 per cent of the target for the financial year.
Ruto announced that 88,934 beneficiaries who properly utilised their first allocation will shortly receive a second tranche of Sh25,000, raising the total amount each entrepreneur receives under the programme to Sh50,000.
Oburu said he encouraged Ruto to occasionally exercise what he described as "benevolent dictatorship" by standing firm on policies that will strengthen the country's future.
According to Mentoria Economics Chief Economist Ken Gichinga, governments should focus on creating conditions that allow businesses to thrive rather than directly participating in commercial activities.
The economist warned that rising statutory deductions from workers' incomes, coupled with increasing production costs for businesses, are suppressing consumer spending and limiting economic activity
Mello argued that stronger protection for local industries would encourage production and reduce reliance on imports
Speaking during the presentation of the 2026/27 Budget Statement in the National Assembly on Thursday, Mbadi said the reform will eliminate manual procurement processes and close all exemptions, stating: “Beginning July 1, 2026 there will be no exemption to procure outside the system,” as the government pushes for greater transparency and accountability in public spending.
According to Ramogi, the conditions attached to borrowing agreements restrict governments’ ability to make independent economic choices. He argued that once countries take loans, they are effectively locked into a system that dictates key policy directions.
Data from the Energy and Petroleum Regulatory Authority (EPRA) shows that landed fuel costs have risen sharply in recent import cycles, with petrol increasing by over 40% and diesel by nearly 69%, feeding into higher retail prices.
Kenya’s chamber of commerce warns that rising fuel costs, driven by global shocks and domestic taxes, are raising inflation risks, transport fares and production costs, and urges urgent structural reforms.
Northern Kenya continues to record the highest fuel prices. In Lodwar, super petrol is Sh213.93, diesel Sh213.72, and kerosene Sh159.90, driven by the cost of transporting fuel to remote and arid areas.
In a Radio Generation interview on Thursday, he emphasised the need for financial literacy, disciplined saving, and responsible borrowing, describing debt as a good servant, but a terrible master when misused.