Notably, oil prices resumed their downward trajectory in late April and early May this year, as trade tensions impacted financial and commodity market...

The report shows the number of Kenyans facing acute food insecurity fell from more than 5.4 million in 2023 to just 1.9 million in the year under revi...

Knight Frank attributes the slow growth to challenges stemming from a decelerating economy and mounting fiscal pressures during the review period.

Institute of Economic Affairs CEO Kwame Owino stated that the presence of second-hand clothes is not to blame for the struggles of local manufacturing...

At first, the shift felt experimental, a leap into a future that was still uncertain, but months down the line, Achiya says the decision is paying off...

Rather than splurging on high-end goods and extravagant experiences, the country's rich are prioritising financial growth.

The initiative promises to open up opportunities for filmmakers and artists to scale their craft to global standards, nurture talent, and spur job cre...

As of April, the country’s risk index stood at 53.47, reflecting a relatively stable political environment and favourable financial conditions

World Bank pegs the shortfall to the occurrence of political violence on the continent, which increased about eightfold between 2000 and 2023, and wit...

Only 11 African countries face US tariffs above 20 per cent, and just two of those send more than 10 per cent of their exports to the US.

Among the major outcomes was the adoption of the EAC Cross-Border Payment System Masterplan, a strategic framework designed to make cross-border payme...

However, despite the anticipated fall, the lender notes that prices will remain higher than pre-Covid levels, reflecting ongoing supply chain challeng...

Data from the country’s largest telecommunications provider shows that the number of active users rose to 7.9 million—an increase of 12 per cent from...

Earnings from re-exports grew by 77.3 per cent to Sh180.2 billion in 2024, primarily due to increased re-exports of kerosene-type jet fuel.

The surge in global commodity prices comes at a time when Kenya’s inflation has also been on the rise, mirroring a trend that began in October last ye...

Small-scale traders and ordinary Kenyans are calling for lower taxes, reduced fuel prices, and a more compassionate government to ease the high cost o...

In the public sector, the hospitality sector, emerged as the highest-paying, with an employee earning an average annual wage of Sh2.9 million in 2024.

Job creation also quickened in the period under review, the strongest observed in nearly one year, as firms looked to ease pressure on workloads.

Kenya's economy grew much slower than anticipated in 2024, recording a GDP growth rate of 4.7 per cent against the projected 5.7 per cent.

This is from Sh15.03 trillion in 2023, representing an eight per cent year-on-year growth.

Inflation has now risen for six straight months, hitting 4.1 per cent in April, up from 2.7 per cent in October 2024, even as the Kenyan Shilling bega...

The proposed changes, if passed into law, would increase the period for refund ascertainment from the current 90 to 120 days, along with an extension...

Ideally, if the bill sails through to become law, it means employees who receive per diem payments for travel, accommodation, or other work-related ex...

If approved, the revised levy rate is expected to ease pressure on developers, lower overall construction costs, and stimulate investment in both priv...

Covering the first three months of this year, the update by the African market intelligence firm Stears places Kenya in position two, having attracted...

This includes, in particular, the freedoms that enable them to organise and negotiate aspects of their work, such as wages, hours, and working conditi...

The funding seeks to support more than half a million refugees and displaced youth in completing their education by 2030.

The leaders particularly call for increased awareness campaigns aimed at educating the public on the dire consequences of preventable diseases.

The record marks the sixth consecutive month of rising living costs since October last year, highlighting increasing worries about affordability and e...

Developing countries encourage far less innovation as firms and governments appear to be leaving billions of dollars on the table in forgone productiv...

In Kenya, data from the Kenya National Bureau of Statistics (KNBS) estimates the poverty rate at about 40 per cent.

The country’s GDP growth forecast has received a notable upgrade in the latest economic outlook by the International Monetary Fund (IMF).

Underneath its flashy interface lies a complex algorithm designed to hook, thrill, and sometimes confuse users.

Notably, the gloomy employment outlook is against the backdrop of recent reports of recovery in the country’s macroeconomic environment and declining...

The local currency appreciated by 20 per cent against the global benchmark, the US Dollar, over the year, marking the highest gain across the region.

The push seeks to disclose data under the International Financial Reporting Standards (IFRS) S1 and S2, steered by the Kenya Bankers Association (KBA)...

Were it not for the tariffs, the lender says the global economic growth would have seen only a modest cumulative downgrade of 0.2 percentage point, to...

He added that Kenya hopes the agreement will be extended to ensure the continuation of a strong bilateral relationship, noting the urgent need to fina...

Spearheaded by the Kenya Association of Manufacturers (KAM) in partnership with the Ministry of Investments, Trade and Industry, the strategy seeks to...

The Index by the economic think-tank The Heritage Foundation ranks Rwanda second in the bloc, with an economic freedom score of 54.8, behind Tanzania,...

This year’s Earth Day theme, ‘Our Power, Our Planet’, draws attention to the shared responsibility to protect the planet and the immense influence ind...

In real figure terms, the 14 per cent gain during the quarter means importers in the country were spending Sh14 less to buy a dollar for importation c...

The Registrar of companies has earmarked a further 101 companies for closure in the coming 3 months unless a valid reason is given to prevent the diss...

With millions displaced and countless more in dire need of humanitarian support, UNHCR says current aid funding stands at less than 10 per cent of wha...

The funding initiative aims to enhance food security and sustainability for the country’s growing population amid increasing threats posed by climate...

The impact goes beyond healthcare, with experts now warning that the cuts will significantly affect youth development, a critical yet often overlooked...

According to IRENA Director-General Francesco La Camera, renewables keep breaking their own expansion records each year, but there are challenges of g...

The lender also said the launch reinforces its commitment to providing accessible Shariah-compliant financial solutions in the country.

Kenyan SMEs were urged to brace for impact and rethink strategy amid the prevailing tariff wars.