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New IMF, World Bank loans trim Kenya’s debt refinancing risks
By Kepha Muiruri,
1541, February 16, 2021 (EAT)
Kenya’s change of tact to re-integrate cheap financing from the International Monetary Fund (IMF) and the World Bank has served to trim the country...
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Kenya & IMF reach agreement on Ksh.262.7 billion 3-year loan
By Kepha Muiruri,
2045, February 15, 2021 (EAT)
Kenyan authorities and the visiting team from the International Monetary Fund (IMF) have reached a staff-level agreement on the disbursement of a Ksh....
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Kenya’s debt repayment costs jump by Ksh53.7B
By Kepha Muiruri,
1432, February 12, 2021 (EAT)
Kenya’s debt repayment costs in the year ending on June 30 have shot up by Ksh.53.7 billion in spite of relief on external repayments. According ...
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Kenya adds Ksh.1.2T to debt stock in 2020
By Kepha Muiruri,
1549, February 1, 2021 (EAT)
Kenya added Ksh.1.2 trillion to its debt portfolio in 2020 as the country’s stock of debt hit Ksh.7.3 trillion in December from Ksh.6 trillion a yea...
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Kenya seeks Ksh.154B World Bank, IMF loans
By Kepha Muiruri,
1805, January 27, 2021 (EAT)
Kenya is hoping to raise Ksh.154 billion in debt from the World Bank and the International Monetary Fund (IMF) before the end of June this year. Th...
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Treasury to borrow Ksh.1 trillion by June
By Kepha Muiruri,
1434, January 26, 2021 (EAT)
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...
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2020 review: On public debt, it’s from the frying pan towards fire
By Kepha Muiruri,
1028, December 31, 2020 (EAT)
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...
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U.S. reinstates Sudan’s sovereign immunity, authorizes funds to help pay debt
By Reuters,
1146, December 22, 2020 (EAT)
The United States on Monday reinstated Sudan’s sovereign immunity, as the U.S. Congress passed legislation formalizing the move, following the endin...
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Kenya seeks three and a half year access to IMF emergency loans
By Kepha Muiruri,
1054, November 21, 2020 (EAT)
Kenya is in deep talks with the International Monetary Fund (IMF) over the access of emergency bail out loans over the next three and a half years, th...
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IMF raises Kenya’s 2020 growth projection to 1 per cent
By Kepha Muiruri,
1716, October 13, 2020 (EAT)
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...
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Kenya’s debt races past Ksh.7 trillion
By Kepha Muiruri,
1537, October 12, 2020 (EAT)
Kenya’s stock of debt zoomed past the Ksh.7 trillion mark in August wounding up at Ksh.7.1 trillion from a flat Ksh.6 trillion at the start of 2020....
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Horticulture tipped to lift Kenya’s economic rebound
By Kepha Muiruri,
1438, September 17, 2020 (EAT)
The horticulture sector has been tipped to guide the rebound of the Kenyan economy as the country rediscovers growth amidst the COVID-19 pandemic. ...
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President Kenyatta: Economy doing far better than anticipated in spite of COVID-19
By Kepha Muiruri,
1807, August 26, 2020 (EAT)
President Uhuru Kenyatta now says the economy is performing far much better than anticipated in spite of a general slump triggered by the COVID-19 pan...
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High dollar demand sends the Shilling rocking past Ksh.108 mark
By Kepha Muiruri,
1105, July 23, 2020 (EAT)
The Kenya shilling has sunk to a new low having breached the Ksh.108 mark against the US dollar on Wednesday. The Central Bank of Kenya (CBK) quote...
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Kenyan Ceda Ogada named new IMF secretary
By Kepha Muiruri,
1020, July 16, 2020 (EAT)
The International Monetary Fund (IMF) has named Ceda Ogada as its next Secretary and Director of the Secretary’s Department. Mr. Ogada has been w...
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Covid-19: Ailing economy forces Uhuru’s hand in re-opening country
By Kepha Muiruri,
1753, July 6, 2020 (EAT)
Caught between a rock and a hard place in reviewing existing COVID-19 mitigation measures, President Uhuru Kenya inclined on easing the pressure place...
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How businesses in East Africa can emerge stronger from COVID-19 pandemic – Report
By Citizen Reporter,
928, June 24, 2020 (EAT)
Governments in the East African region are being advised to come up with additional measures including incentives to enable businesses capitalize on o...
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Kenya earns second negative credit outlook from debt stress
By Kepha Muiruri,
1020, June 23, 2020 (EAT)
Global credit ratings agency Fitch has revised its outlook on Kenya as a long-term debt issuer from stable to negative. In a statement issued Frida...
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OPINION: COVID-19 response is everyone’s business
By Guest Writer,
2008, June 11, 2020 (EAT)
The specter of COVID-19 has developed from a public health emergency to a global economic crisis. In Africa, despite relatively low infection rates...
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Budget day: Yatani’s budget of pain
By Kepha Muiruri,
920, June 11, 2020 (EAT)
In just a few hours, Treasury Cabinet Secretary Ukur Yatani is expected to walk down the steps of the planning ministry to head into the National Asse...
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