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More on Economy
2 Feb 2024
Kenya’s economic struggles: The IMF-backed reforms, fuel subsidy controversy and the road ahead
At present, Kenya is grappling with multiple challenges compounded by global conditions impacting economic activities and leading to tightened financial conditions. The Kenyan economy is facing mult...
26 Jan 2024
Ethiopia-Somaliland agreement sparks tensions over sovereignty, trade, and territorial disputes in the Horn of Africa
Ethiopia’s agreement with breakaway region Somaliland, seeking port access in exchange for potential sovereignty recognition, could cause upheaval in the Horn of Africa. Somalia views it as an a...
26 Jan 2024
IGAD navigates turbulent geopolitics: Oil dispute, diplomatic tensions, and Sudan’s exit introduce uncertainties for the region
At first glance, the 42nd Extraordinary Assembly of the IGAD (Intergovernmental Authority for Development) Heads of State and Government held on 18th January 2023, appeared to be a productive meeting....
26 Jan 2024
Preparing business for El-Niño by mitigating risks and ensuring resilience
El Niño is a natural climate phenomenon marked by warmer-than-average sea surface temperatures in the central and eastern Pacific Ocean near the equator, which occurs on average every 2-7 years. The ...
26 Jan 2024
Kenya’s Treasury Single Account: The move to consolidate govt finances and the impact on commercial banks
The recent approval by the Cabinet on 15th January 2024 to implement the Treasury Single Account (TSA) sets the stage for the consolidation of government finances in Kenya. Government funds have tradi...
20 Jan 2024
Trade and Financial Services Round-Up
KENYA Shilling falls to a new low of Sh160 to the dollar The shilling’s official exchange rate has hit Sh160.23 to the dollar, extending its record decline against the US currency on the back of pre...
20 Jan 2024
IMF-GoK negotiations: Review unveils progress and challenges from tax measures to state-owned enterprises
During the IMF-Treasury discussions, a review highlighted several met structural benchmarks, with the exception of the qualitative performance criteria for tax collection. However, the deviation obser...
12 Jan 2024
Business landscape 2024: Key measures for corporate compliance in the new year amidst evolving challenges
Since a majority of the world’s economic activity is conducted through corporations, their impact on society is significant. As such, potential corporate misconduct poses a significant threat to...
12 Jan 2024
Kenya-Uganda trade standoff: Legal battle after denied licence and concerns over fuel import crisis
According to trade statistics from 2021, Uganda is a major destination for Kenyan exports, making it a crucial trading partner. As a landlocked country, Uganda heavily relies on Kenya and Tanzania to ...
15 Dec 2023
Jamhuri Day – KENYA @ 60:Reflecting how far we have come and charting the path forward
Kenya’s history and struggle for independence from British colonizers are woven into the fabric of Nairobi. The country was given a new start when Prince Philip, husband of Queen Elizabeth II, forma...
15 Dec 2023
Somalia’s integration and new leadership catalyst for EAC strategic trade shift
Recent developments within the East African Community (EAC) include the election of South Sudan President Salva Kiir as the chairman of the EAC and the acceptance of Somalia as part of its regional or...
15 Dec 2023
Key legislative and regulatory policies set to shape Kenya in 2024
The year 2023 saw the introduction of several legislative and regulatory updates in Kenya. Notably, as the year ends, various notable legislative and regulatory policies and strategies are scheduled t...
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