The Treasury has acquired a 60 percent stake in Telkom Kenya from UK-based private equity fund, Helios Investment Partners, for Sh6.09 billion, making the company fully State-owned.

Tourism earnings have more than doubled in the eight months to August as the sector continues to recover from a slump in the last two years despite 2022 being an election year.

The Kenyan shilling has for the first time crossed the Sh119 mark against the dollar, triggering costly imports and higher international debt repayments ahead of Tuesday’s general elections.

The Central Bank of Kenya (CBK) on Wednesday retained its benchmark lending rate at 7.5 percent amid rising inflation.