Today is Sun, 28 Apr 2024
Economy
Latest Article 28 Apr 2024
TRADE AND FINANCIAL SERVICES ROUND-UP.
Kenya Wage bill lie: The policies and doublespeak stoking crisis A presidential task force in 2014 recommended at least 75 State corporations be abolished. Instead, 87 new parastatals have been created, exposing successive governments to doublespeak, which continues to worsen the runway wage bill. The arbitrary creation of State agencies contributes to a bloated […]...
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28 Apr 2024
POLITICAL AND REGULATORY AFFAIRS ROUND-UP.
Kenya No pay for striking medics, Health CS Susan Nakhumicha now says Striking health workers will not be paid for failing to show up at their workstations, Health Cabinet Secretary (CS) Susan ...
26 Apr 2024
Approved Kenya-EU Trade Deal Paves the Way for Enhanced Economic Partnerships
The National Assembly of Kenya has given the green light, approving the Kenya-European Union (EU) Economic Partnership Agreement (EPA), marking a significant milestone in bilateral trade relations. Th...
26 Apr 2024
Parliament approves Ratification of the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting.
In March 2023, the Cabinet approved the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI) for ratification by Parliament. The Cabinet M...
26 Apr 2024
Game-Changer Alert: IFRS 18 Revolutionises Financial Performance Reporting
The International Accounting Standards Board (IASB) has been on a course to improve the standards of reporting in the corporate world. Having come out to shape sustainability reporting in the recent p...
26 Apr 2024
Connected Africa Summit 2024: Pioneering a Digital Renaissance.
Africa is on the cusp of a digital renaissance. The just-concluded Connected Africa Summit 2024 has underscored the continent’s remarkable strides in the digital transformation landscape, positionin...
21 Apr 2024
CBK introduces green finance taxonomy, paving the way for sustainable financial practices
In a groundbreaking development that signals a major step forward in environmental sustainability, the Central Bank of Kenya (CBK) unveiled the draft Kenya Green Finance Taxonomy (KGFT) for pub...
21 Apr 2024
Global AI policy landscape: Countries race to regulate and harness AI’s potential
The dawn of the 21st century witnessed the emergence of Artificial Intelligence (AI) as a transformative force shaping societies, economies, and geopolitics. As AI’s capabilities burgeon,...
21 Apr 2024
Kenya’s Affordable Housing Regulations: A closer look at the draft provisions
As a bold testament to the government’s unwavering dedication to achieving affordable housing for all Kenyans, the State Department of Housing and Urban Development has swiftly unveiled the Affo...
21 Apr 2024
Kenya-US STIP negotiations: Ruto’s upcoming US visit sets the stage for key bilateral trade agreements.
In the first two weeks of April 2024, Kenya held another negotiation round on the US-Kenya Strategic Trade and Investment Partnership (STIP). Assistant United States Trade Representative (USTR)...
21 Apr 2024
IMF warns of economic headwinds for Kenya and emerging economies amid global shocks.
In the ever-shifting landscape of global economics, emerging economies often find themselves navigating through a maze of challenges, both domestic and international. The International Monetary...
12 Apr 2024
TRADE AND FINANCIAL SERVICES ROUND UP.
Kenya Domestic borrowing up by Sh424bn The rate of State borrowing from the local market accelerated during the first nine months ended March, with fresh debt hitting Ksh424.7 billion compared to Ksh2...
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