Privatisation refers to the transfer of parastatal’s ownership and control from the public to the private sector. Earlier this week, President William Ruto stated that his administration plans to privatise between six to 10 government-owned firms in the next 12 months. In a rather firm
The KEPSA Senate Speaker’s Roundtable is a high level platform between the business community led by KEPSA and the Senate, to facilitate a joint review of the policy and legislative environment in the country, identifies crucial legislations to private sector that need to be reviewed
President Uhuru Kenyatta took advantage of Mashujaa Day celebrations on Wednesday, October 20, 2021, to announce a raft of economic measures and interventions his government seeks to make to reinvigorate the economy which is reeling from effects of the Covid-19 pandemic. President Kenyatta announced a
KENYA NATIONAL BUDGET The current state of engagement between the state and the public on matters related to budget allocations, expenditures, and actual service delivery outcomes is mostly focused on printed and actual figures and narratives already approved for execution. There is limited engagement at
The Davos Agenda 2021, saw about 1500 global leaders come together under the theme of “A crucial year to rebuild trust” to discuss issues such as COVID-19 vaccination, job creation, climate change and technology among others. The annual event that is normally held at Swiss
The National Treasury and Planning State Department for Planning this week presented highlights of a Post-Covid 19 economic recovery strategy (ERS) including: Macroeconomic Objectives of ERS Increasing diaspora remittances and investments from Kshs.280 billion 2020 to Kshs.500 billion per year; • Increasing private sector financing
Growth in broad money supply, M3, improved to 10.7
percent in the year to September 2020 compared to a
growth of 6.5 percent in the year to September 2019.
The outbreak of the Covid-19 pandemic in 2019 has caused the most severe global economic setback. Its impact to our economy includes:
-Loss of lives
-Decline in demand of Kenya’s goods and services,
-Decline in household earnings,
-Heavy public expenditures towards health sector and social
-Decline in revenue due to subdued economic activities.
Kenya’s GDP is projected to decline to 2.5 % in 2020 compared to a growth of 5.8 % in 2019.
As we walk the path to economic recovery, we need to work towards resuscitating the evening
economy while keeping safe.
The events of the past week might as well have taken place in 2005, the year there was a referendum that broke the country and the administration of the day in half and the pressure that would explode in December 2007 started building.