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More on Economy
18 Apr 2023
Debt-ridden Kenyan economy and the role of the Treasury and Economic Advisory Council
The state of Kenya’s economy is currently the subject of huge debate and focus, with the country facing a debt crisis. In March, salaries of civil servants were delayed as the government prioritis...
7 Apr 2023
Oil prices set to surge after producers announce plans to cut production
Prices for petroleum products are set to go up after the major oil producers announced plans to cut their production up to 1.15 million barrels per day from May until the end of 2023. Saudi Arabia a...
17 Mar 2023
Dollar shortage, consequences and how Kenya can cut impact of the currency in future
Kenya has been facing a dollar shortage since March last year. This is an acute foreign exchange crunch, with the US dollar reserves dropping to their lowest in eight years. The Kenyan currency keeps ...
10 Mar 2023
Reawakening the circular economy discourse will edge Kenya toward sustainability
According to the World Bank (2021), Kenya is one of sub-Saharan Africa’s fastest developing economies. The Kenyan economy’s success has been bolstered by a stable macroeconomic environment...
10 Mar 2023
Only time can tell whether gov’t efforts to tame biting cost of living and inflation will bear fruits
The cost of living in Kenya has escalated in the past few years due to a combination of factors such as the Covid-19 pandemic, changing weather patterns, drought and increase in the price of fertilise...
3 Mar 2023
President Ruto clips CS Mutua wings in foreign policy shift
Kenya President Ruto clips CS Mutua wings in foreign policy shift President William Ruto’s government has announced a major shift in the country’s foreign policy by allowing other countries and th...
3 Mar 2023
Supplementary Estimates for FY 2022/2023: An overview
The Select Committee on Budget and Appropriations submitted the report on the Supplementary Estimates for FY 2022/2023. In the supplementary budget, requests for reallocations and additional allocatio...
24 Feb 2023
24th February 2023 Trade and Financial Services Round Up
Kenya KRA chief Githii Mburu quits, board names Rispah Simiyu in acting role The Kenya Revenue Authority (KRA) Commissioner-General, Githii Mburu, has resigned after a three-year and seven month sti...
24 Feb 2023
An overview of the 2022 Tax Expenditure Report
The 2022 Tax Expenditure Report was released by the National Treasury with the goal of promoting data accessibility and transparency while providing information for tracking and analysing tax expendit...
24 Feb 2023
Inside Kenya’s Public Debt Dynamics and the Medium Term Debt Management Strategy (MTDS), 2023
The “Why” of Debt Pre-cursorily, debt is indeed a double-edged sword. Wise and moderate use of the same, history has shown, results in improved welfare. Improper, imprudent and over-indulge...
13 Feb 2023
10th February 2023 County Round Up
Kilifi The County Government of Kilifi appoints members to the Kilifi County Budget and Economic Forum. The Governor also extends the period for the completion of the work of the Taskforce on Pending ...
13 Feb 2023
Broken Kenya Kwanza promises: Impact of lifting price subsidies on cost of living and economic growth
Price subsidies are not long-term solutions to social protection. The Kenya Kwanza administration has been eliminating most of the subsidies that were introduced by former President Kenyatta’s admin...
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