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More on Tag: Economy
6 Nov 2023
Kenya’s debt situation: Economist Ndii sheds light on looming crisis and mitigation efforts
Seven months before the maturity of the 2024 Eurobond, Kenya’s debt situation has been likened to a “patient in an intensive care unit” where extensive efforts are being made to rest...
5 Jun 2023
Unleashing potential: Africa Business Council’s drive to boost private sector participation in government procurement
The African Business Council has taken a bold step in pursuit of economic growth and empowering local businesses. The council is championing a game-changing initiative that calls for 40% of all govern...
22 May 2023
Analyzing the Pros and Cons of Exchange Rate Fluctuation
In a recent visit to Kenya, IMF managing director Kristalina Georgieva held discussions with President Ruto and members of the Cabinet on possible policy recommendations concerning Kenya’s recovery ...
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...
26 Apr 2023
Kenya should take action to control declining agricultural production and curb food imports
Kenya recorded a decline in the growth of the agricultural sector last year, on account of unfavourable weather conditions that led to a reduction in both crops and livestock performance. The producti...
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
Expected changes in the fiscal policy to attract investment in Kenya
The current administration is committed to bringing legislative amendments to the fiscal policy through the Finance Bill, 2023, and the Budget Policy Statement. President William Ruto noted that the c...
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