Local firms’ foresee an economic rebound on further restrictions ease

By Kepha Muiruri,

Local enterprises foresee a potential economic rebound should government further ease restriction measures to contain the COVID-19 pandemic. As the...

Central Bank of Kenya (CBK) , COVID-19 , Kenya's economy

Kenya’s 1.5% digital services tax for Netflix, Uber to take effect in January

By Kepha Muiruri,

The operation of the 1.5 percent digital services tax levied on gross sales by online businesses such as Netflix and Uber is set to take effect early ...

Finance Act 2020 , Netflix , online businesses , uber

Covid-19 takes out Ksh.54 billion from KRA’s tax basket

By Kepha Muiruri,

The ensuing Covid-19 pandemic has seen the tax basket shrink by Ksh.54 billion or an equivalent 16.1 percent between March and May this year. Accor...

COVID-19 , Kenya Revenue Authority (KRA)

‘It would be foolish to say the worst is behind us,’ CBK Governor Njoroge says on economy

By Kepha Muiruri,

The Central Bank of Kenya (CBK) has remained pragmatic on economic prospects to Kenyans this year even as the green light flashes on a potential recov...

Central Bank of Kenya (CBK) , coronavirus , COVID-19 , Kenya's economy

CBK holds the benchmark lending rate at 7 percent

By Kepha Muiruri,

The Central Bank of Kenya (CBK) has held its benchmark lending rate for the second time at seven percent, noting continued policy transmission on rece...

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

How businesses in East Africa can emerge stronger from COVID-19 pandemic – Report

By Citizen Reporter,

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

COVID-19: Financial hardships overtake health as top concern among Kenyans

By Kepha Muiruri,

Financial constrains arising from the COVID-19 pandemic have now overtaken health as the greatest concern among Kenyans, a new survey shows. Accord...

coronavirus , COVID-19 , Infotrak poll , VAT

DIAZ: 2020/2021 Kenya budget a short in the arm for local industry in advent of COVID-19

By Guest Writer,

In spite of having featured as one of the four thematic development pillars for Kenya over the medium, manufacturing has been seen by many observers t...

budget , coronavirus , kicotec , PPEs

OPINION: COVID-19 response is everyone’s business

By Guest Writer,

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

European Union grants Kenya additional Ksh.7.8 billion to address COVID-19 impact

By Ian Omondi,

The European Union (EU) has granted Kenya an additional Ksh.7.8 billion to address the socio-economic impact of the COVID-19 pandemic. EU, in a sta...

Ambassador Simon Mordue , COVID-19 , European union

OPINION: The resumption of Kenya’s economy – is now the time?

By Guest Writer,

By Kagwe Kibugu In light of the recent call for the National Government to loosen the curfew and county restrictions, I can't help but sympathize w...

75% of Kenyan SMEs stare at total collapse by end of June

By Kepha Muiruri,

Three quarters of all small and medium enterprises (SMEs) are staring at a total collapse by the end of June as cash-flows shrink. Central Bank of ...

Central Bank of Kenya (CBK) , SMEs in Kenya

Gov’t drags down businesses as unpaid bills to suppliers hit Ksh.369 billion

By Kepha Muiruri,

The government has continued to drag down local businesses by failing to clear its pending arrears as unpaid bills hit Ksh.368.9 billion. New data ...

National Treasury , pending bills

The pressure behind quest to reopen Kenya’s economy

By Kepha Muiruri,

The state of the economy is set to force the government’s hand in the reopening the economy as Kenya faces up to irreparable damage. On Saturday,...

Covid-19 pandemic , Kenya's economy , President Uhuru Kenyatta

Commercial banks stock of bad loans rise to a 13.1 percent high

By Kepha Muiruri,

The quality of assets inside Kenyan banks has continued to deteriorate this year with the stock of bad loans held surging to 13.1 percent in April. ...

Central Bank of Kenya (CBK) , Kenya Bankers Association (KBA) , non-performing loans

Uhuru announces Ksh.54B stimulus plan to jumpstart Kenyan economy

By Faizal Ahmed,

President Uhuru Kenyatta has unveiled his eight-point economic plan that will see the economy jumpstarted. He announced an allocation of Ksh. 53.7b...

stimulus , Uhuru kenyatta

Kenya receives Ksh.107B World Bank loan to strengthen budget

By Kepha Muiruri,

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

Uhuru, Treasury line up Ksh.54 billion economic rescue package

By Kepha Muiruri,

President Uhuru Kenyatta has given Treasury the green light to resubmit its ministerial budget appropriations to include a Ksh.53.7 billion economic r...

Covid-19 pandemic , National Treasury , Post Covid-19 Economic Stimulus Package (PC-ESP)

Stanbic Bank quarterly profit falls to Ksh.1.5 billion

By Kepha Muiruri,

Stanbic Bank Kenya has announced a reduced Ksh.1.5 billion profit for the period running January 1 to March 31 ,2020. The 35 percent slack in earni...

Stanbic Bank Kenya

DIAZ: EAC partnership the cornerstone of post Covid-19 recovery

By Guest Writer,

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