On Friday, August 4, the Kenyan newspapers reported that Treasury Cabinet Secretary (CS) Njuguna Ndung'u's job is hanging by a thread. The StandardIf Treasury CS Njuguna Ndung'u fails to tame inflation within the government's range, he could lose his job. Kenyans have been hit with a high cost of living following the implementation of the Finance Act 2023, which introduced a raft of taxes. Following the increment, the cost of a litre of petrol was increased to TSh3,199 (KSh 186.46), up from TSh 2,736 (KSh 159). On the other hand, diesel's cost rose from TSh 2,544 (KSh 148) to TSh 2,935 (KSh 171) a litre, while Kerosene's price was reduced slightly from TSh2,829 (KSh 164.89) to TSh 2,668 (KSh 155) a litre.

Source: Daily Nation August 04, 2023 10:11 UTC