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More on Economy
15 May 2023
Unveiling the Economic Ramifications: The Impact of 16% VAT on Fuel and Fuel Products
The recent proposal to increase the Value Added Tax (VAT) imposed on petroleum from a rate of 8% to 16%, is bound to impact fuel prices and is poised to reverberate across various sectors of the econo...
15 May 2023
Finance Bill 2023: Is it the Breaking Point for Overburdened Kenyan Taxpayers?
The Finance Bill, 2023 which has got many tongues wagging across the country was tabled before the National Assembly on Thursday, May 4, 2023, by the National Treasury. The Bill proposes an array of t...
8 May 2023
KNTC to go the duty-free shops’ way in low-income areas to provide basic commodities at lower prices
Kenyans who travel by air are familiar with the concept of duty-free shops. This is where one buys specific goods such as perfumes, cosmetics, tobacco and hard liquor at lower prices because import du...
8 May 2023
Main Feature: World Economic Outlook Report 2023: Insights into the rocky path to recovery
What is the IMF? The International Monetary Fund (IMF) was established in 1944 in the aftermath of the Great Depression in the 1930s. At the founding stage, the membership of the IMF comprised 44 memb...
8 May 2023
Highlights of the Finance Bill 2023: Tax changes and proposals by Kenya Kwanza government
The Finance Bill 2023 is the first fiscal legislative proposal under the Kenya Kwanza administration, aimed at implementing the Bottom Up Transformation Agenda. The Kenyan economy is expected to maint...
18 Apr 2023
Kenyans yet to see fruits of govt efforts to tame skyrocketing commodity prices
Kenyans have decried the high cost of living as the prices of basic food commodities have gone up making it hard for them to sustain themselves. The government on the other hand has faulted the war in...
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...
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