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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...

IMF , Kenya's GDP
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....

debt crisis , National Treasury
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. ...

cut flowers , Horticulture , Kenya's GDP
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...

COVID-19 , economy , patrick njoroge , President Uhuru Kenyatta
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...

Central Bank of Kenya (CBK) , shilling
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...

Ceda Ogada , IMF , Kristalina Georgieva
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...

COVID-19 , Kenya's economy , President Uhuru Kenyatta
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...

Boston Consulting Group
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...

Fitch , Kenya's debt , National Treasury
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...

AMREF , coronavirus , COVID-19
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...

2020/2021 budget , CS Ukur Yatani , National Treaasury
Kenya’s dollar reserves rise to a 9-month high following external funding
By Kepha Muiruri, 1513, June 8, 2020 (EAT)
Kenya’s dollar reserves rose to a nine-month high of Ksh.986.7 billion last week following the receipt of recent external funding. The observed r...

Central Bank of Kenya (CBK) , FX reserves
CBK leaves benchmark lending rate at 7 percent
By Kepha Muiruri, 1817, May 27, 2020 (EAT)
The Central Bank of Kenya (CBK) has retained the benchmark lending rate at seven percent breaking the recent cycle of cuts to support the economy. ...

Central Bank of Kenya (CBK) , Central Bank Rate (CBR)
IMF backs dividend withdrawals by banks
By Kepha Muiruri, 1636, May 27, 2020 (EAT)
The International Monetary Fund (IMF) has backed the halting of dividend payments and share buy backs by banks in response to the Covid-19 pandemic. ...

dividends , International Monetary Fund (IMF)
Kenya’s commercial debt has grown by 750 percent for the last 10 years
By Kepha Muiruri, 1239, May 26, 2020 (EAT)
Kenya’s appetite for commercial debt grew by over eight times or an equivalent 750 percent in a decade from June 2010 to March 2020. The data con...

Kenya's debt , National Treasury
Debt dilemma as Kenya must now spend its way out of Covid-19 pandemic
By Kepha Muiruri, 957, May 21, 2020 (EAT)
Kenya could be set for an even higher debt stock as its development partners back additional spending amidst the Covid-19 pandemic. Even as falling...

coronavirus , Kenya's debt , National Treasury
Kenya receives Ksh.107B World Bank loan to strengthen budget
By Kepha Muiruri, 1832, May 20, 2020 (EAT)
The World Bank Board has approved the disbursement of a Ksh. 106.7billion ($1 billion) loan to Kenya from its Development Program Operations (DPO) kit...

Kenya's debt , World Bank Group
CBK seeks to switch T-bill investors to bonds in Covid-19 led pressure
By Kepha Muiruri, 1446, May 16, 2020 (EAT)
The Central Bank of Kenya (CBK) has sought to switch Treasury bill (T-bill) investors to bonds with a view to provide relief to exchequer upcoming red...

Central Bank of Kenya (CBK) , Kenya domestic debt
DIAZ: EAC partnership the cornerstone of post Covid-19 recovery
By Guest Writer, 1926, June 15, 2020 (EAT)
Images from around the world showing flowers being dumped told of a worsening situation as the ongoing coronavirus pandemic dealt a blow to the indust...

coronavirus , EAC , economy , IMF , Namanga , TRUCK DRIVERS
Coronavirus pandemic deepens Kenya’s debt wound
By Kepha Muiruri, 1204, May 14, 2020 (EAT)
The Covid-19 pandemic has added salt to Kenya’s long existing debt wound pushing the country closer to the edge of the cliff. This is as the glob...

coronavirus , debt , Ukur Yatani