Kenya’s economy slumped into recession after 18 years in September

By Kepha Muiruri,

The Kenyan economy sunk to its first recession after exactly 18 years in September 2020 with gross domestic product (GDP) falling by 1.1 per cent in t...

Kenya National Bureau of Statics (KNBS) , Kenyan economy , recession

Treasury to borrow Ksh.1 trillion by June

By Kepha Muiruri,

The National Treasury is expected to borrow Ksh.1 trillion in the current financial year ending on June 30, 2021 following upward adjustments to spend...

borrowing , fiscal deficit , National Treasury

COVID-19 ravages tourism industry in Kenya, South Africa

By Agencies,

Several countries are going back into lockdown due to fears of the second wave of the COVID -19 pandemic as visitors to Kenya remain on the decline. ...

coronavirus , south africa , Sun City , tourism

2020 review: On public debt, it’s from the frying pan towards fire

By Kepha Muiruri,

In a nutshell, Kenya’s stock of public debt stood at Ksh.1.3 trillion a decade ago, today, this stock has climbed to Ksh.7.1 trillion as of Septembe...

2020 Year in Review , CS Ukur Yatani , National Treasury , Public debt

Kenya’s economic rebound tied to COVID-19 vaccine access

By Kepha Muiruri,

The potential rebound of Kenya's economy in 2021 has been tied down to the access of COVID-19 vaccines and their eventual distribution. According t...

coronavirus , Kenya's economy , vaccine

EABC urges East Africa partner states to market region as single investment destination

By Citizen Reporter,

The East African Business Council (EABC) is urging East Africa Partner States to harmonise investment incentives and market East Africa as a single in...

EABC , EAC , nesbitt

The pinch of a fading shilling

By Kepha Muiruri,

On January 2, 2020, Ksh.101.34 would have been enough to get your hands on a US dollar, today, you would require Ksh.110.97 to close the same transact...

Central Bank of Kenya (CBK) , shilling , US Dollar

CBK leaves the benchmark rate unchanged at 7% for the fifth time

By Kepha Muiruri,

The Central Bank of Kenya (CBK) has left the benchmark lending rate unchanged at seven percent for the fifth straight time following its policy meetin...

Central Bank of Kenya (CBK) , Central Bank Rate (CBR)

13% of businesses shut during COVID-19 pandemic yet to reopen: KEPSA

By Kepha Muiruri,

13 per cent of businesses shutdown during the COVID-19 pandemic or an equivalent one enterprise for every ten shut are yet to resume operations. Th...

coronavirus , COVID-19 , jobs , KEPSA

African Airlines Association maps new era for air transport industry in Africa

By Benjamin Muriuki,

The African Airlines Association (AFRAA) concluded its 52nd Annual General Assembly on Friday with a rallying call for airlines to take specific measu...

Bar, hotel owners confident of staying in business as COVID-19 restrictions loom

By Kepha Muiruri,

Bar and hotel owners are confident of remaining in operation even as the return of COVID-19 related restrictions looms on the back of increased infect...

bars , coronavirus , COVID-19 , lockdown , PERAK

Foreign investors turn net sellers in October as NSE struggles for lift

By Kepha Muiruri,

Foreign investors in the Nairobi Securities Exchange (NSE) turned net sellers in October ending a two-month cooldown which saw the investors buy into ...

bear market , Nairobi Securities Exchange (NSE)

Civil society groups blast big ticket infrastructure for ‘creating’ Kenya’s debt crisis

By Kepha Muiruri,

Civil society groups (CSOs) under the moniker Okoa Uchumi have faulted the government’s obsession with big ticket infrastructure projects for saddli...

debt , Okoa Uchumi , Standard Gauge Railway (SGR)

Treasury CS Yatani raises 2020/21 budget to Ksh.2.9trillion

By Kepha Muiruri,

Treasury Cabinet Secretary Ukur Yatani is expected to submit a revised Ksh.2.92 trillion 2020/21 supplementary budget for approval by the National Ass...

budget , National Treasury , Ukur Yatani

Kenyan economy shrinks for the first time since September 2008

By Kepha Muiruri,

The Kenyan economy contracted for the first time since the third quarter of 2008 as second quarter growth dropped to a negative 5.7 per cent from a po...

COVID-19 , Kenya's economy , recession

Safaricom’s job contribution hits record one million

By Kepha Muiruri,

Leading telecom operator Safaricom supported a record 1,013,728 jobs within its extended value chain in the past one year. The value measured in th...

COVID-19 , Peter Ndegwa , Safaricom , smes

IMF raises Kenya’s 2020 growth projection to 1 per cent

By Kepha Muiruri,

The International Monetary Fund (IMF) has raised Kenya’s 2020 growth forecast from a minus one per cent to one per cent in its latest global economi...

IMF , Kenya's GDP

Kenya tipped to escape recession on economic diversity

By Kepha Muiruri,

As the majority of countries fall into recession this year, Kenya has been tipped to escape contraction this year from its broad based economic struct...

Kenya's GDP , recession , World Bank Group

Civil groups seek to quash Kenya’s tax agreements with 10 ‘tax havens’

By Kepha Muiruri,

Two civil society organizations- the Tax Justice Network Africa (TJNA) and the Katiba Institute (KI) have moved to court in a bid to stop the implemen...

Double Tax Agreements (DTAs) , money laundering , National Treasury

Horticulture tipped to lift Kenya’s economic rebound

By Kepha Muiruri,

The horticulture sector has been tipped to guide the rebound of the Kenyan economy as the country rediscovers growth amidst the COVID-19 pandemic. ...

cut flowers , Horticulture , Kenya's GDP