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Tag: Economy
Latest Article 8 Nov 2024
Trade and Financial Services Round Up: Issue 45 of 2024
Kenya Borrowers hit as IMF opposes CBK’s plan to cut cost of loans The International Monetary Fund (IMF) has warned Kenya against a larger interest rate cut despite the fall in inflation to a 17-year low and the recent stability of the shilling, saying that easing monetary policy risks price stability. The IMF caution clashes […]...
Read MoreMore on Tag: Economy
31 Oct 2024
Highlights of the GSMA Kenya Digital Economy Report of 2024.
Kenya is on the path to integrating digital technology into the heart of its economy, leveraging the power of mobile and digital services to drive growth, support public service delivery, and enhance ...
31 Oct 2024
High Court Grants Reprieve to Financial Institutions on Forced Sale Value of Charged Property
The High Court, in a recent judgement, granted reprieve to financial institutions when exercising their statutory power of sale. This position is fortified in the Constitution’s Section 104 of the L...
31 Oct 2024
Kenya Power’s Profit After Loss Raises Eyebrows
Kenya Power announced its first profit of Ksh 30 billion in six years. The company’s ability to turn a profit in its financial statements this year from a loss of Ksh 3.19 billion last year has ra...
25 Oct 2024
Powering the future: Addressing Kenya’s energy sector deficiencies through innovative partnerships –
“Development demands bold decision-making. Without the courage to challenge status quo thinking, stagnation takes hold, and progress stalls.” Anonymous This quote succinctly underscores the need t...
18 Oct 2024
Building a Startup-Friendly Regulatory Environment
Kenya has quite notably become one of the fastest-growing startup hubs in Africa, earning it the name ‘Silicon Savannah’. This follows the fact that Kenya secured the highest funding in the region...
18 Oct 2024
The Future of Short-Term Rentals and How the Government Can Enhance Revenue Collection
Airbnb has become a market leader in Kenya’s Short-Term Rentals (STRs) sector, with investors specialising in these accommodations. The number of listings in Kenya has grown significantly, with ...
18 Oct 2024
Trade and Financial Service Round Up: Issue 42 of 2024
Kenya CBK advances fast-payment system for seamless financial interoperability The Central Bank of Kenya (CBK) is advancing the development of a Fast-Payment System (FPS) to enable instant money trans...
11 Oct 2024
The digital nomad work permit: Unpacking its implications on the economy and businesses, and potential policy considerations
In a world where working remotely has become the norm for many, Kenya is taking bold steps to tap into the growing global trend of digital nomadism. With the launch of the Digital Nomad Work Permit, P...
11 Oct 2024
Leveraging e-commerce for business growth
E-commerce, the buying and selling of goods and services online, is evolving with the fourth industrial revolution (4IR), marked by technologies like the Internet of Things (IoT), Artificial Intellige...
4 Oct 2024
Protected growth or stifled competition? The local content dilemma in Kenya’s transport and logistics sector
The Kenya Transport Association (KTA) is up in arms over claims that Multinational Corporations (MNCs) in the transport and logistics sector are abusing their dominant market position. KTA claims that...
4 Oct 2024
Golden opportunity: Leveraging e-mobility to reduce Kenya’s debt burden and achieve environmental sustainability goals
At 18%, the transport sector, especially road transportation, is a significant contributor to greenhouse gas (GHG) emissions in Kenya. This is primarily attributed to the prevalent use of fossil fuels...
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