As you would know, Kenya’s Commission on Revenue Allocation (CRA), the constitutional body tasked with dividing government revenue between the 47 counties of Kenya has released a new revenue allocation formula. The formula introduces two new parameters to the current five parameters which include the development factor…

Kenyan shilling firms but still vulnerable, stocks inch lower The Kenya shilling closed at 89.20/89.30 to the dollar, compared with Wednesday’s close of 89.25/45, having reached an intraday high of 88.90/89.10. The shilling is expected to stay under pressure with hard currency inflows taking a beating after Kenyan officials failed to meet a Sept. 30…