Author: Alfred Onyango

AU slams Fitch over Afreximbank downgrade, calls rating flawed and legally inaccurate Jun 07, 2025

The African Peer Review Mechanism (APRM) on Friday described the downgrade as analytically flawed and inconsistent with the legal frameworks that gove...

Kenya eyes US creative industry as blueprint to lift GDP share to double digits Jun 07, 2025

The ambition took centre stage at the US-Kenya Creative Economy Forum held on Thursday in Nairobi, which brought together creatives, policymakers and...

Kenya’s private sector activity in May dips for the first time in seven months Jun 06, 2025

The negative performance across the sectors is mainly attributed to the rising prices, which contributed to a drop in customer spending and weaker bus...

Youth redefine ‘good jobs’ amid rising unemployment, skills gaps and AI fears Jun 06, 2025

Esther Kimotho, a 28-year-old civil engineer based in Nairobi, says that for her, a good job is one where she feels respected and emotionally balanced...

Southern Africa tops continental trade rankings, outshining East Africa in intra-regional commerce Jun 04, 2025

East Africa ranks third, with a trade share of 63.6 per cent, just behind West Africa in second place at 66.3 per cent.

Why Kenya’s debt outlook is improving: Stronger shilling, weaker dollar, policy shifts drive decline Jun 04, 2025

According to Afreximbank's 2025 report on the state of debt burdens, a major external influence behind this shift is the changing economic policy envi...

Growth over the rest of the year clouded by uncertainty, economists say Jun 04, 2025

The survey attributes the bleak outlook to current geo-economic developments, such as tariff tensions between China and the United States, describing...

Gen Zs are the new force behind shifting consumer priorities, trends - study Jun 03, 2025

Generally, the shifting trend paints a picture of a maturing consumer base, where purchase decisions are increasingly driven by expectations of produc...

Biogas potential untapped despite promise for green drive, rural development - study May 30, 2025

This is despite its vast potential to propel the green drive and promote sustainable rural livelihoods.

World Bank urges Kenya to implement fuel carbon tax for Sh40.5 billion revenue boost May 30, 2025

However, the Bank strongly recommends imposing the tax on fuels at the point of entry into the country, saying this would better reflect the true soci...

Plastic bag ban widely ignored as Kenyan traders cite cost, convenience challenges May 30, 2025

A sugarcane hawker in Eastleigh’s Kamukunji area who identified himself as Waweru says he finds the prohibited bags convenient to his business and app...

Sub-Saharan Africa tops global list with 827 million people lacking adequate social protection May 29, 2025

Cash transfers are among the most commonly used social protection tools designed to enhance nutritional outcomes for poor and vulnerable households.

Kenya’s GDP to grow 5 per cent in 2025, driven by agriculture and fintech, says AfDB May 28, 2025

The lender credits the upgrade to robust growth in agriculture and vital service sectors, particularly fintech and mobile money.

Economic outlook: Kenya’s inflation climb raises prospect of monetary tightening in coming months May 27, 2025

The country’s resurgent inflation, driven by surging electricity and fuel costs, could force policymakers to consider rate hikes to keep price growth...

World Bank warns of mounting fiscal pressure as Kenya faces debt distress risk May 27, 2025

The lender highlights the narrowing room for manoeuvre in the country’s budget, driven by ballooning debt servicing costs, persistent revenue shortfal...

Kenya records surge in cybercrime with 82 per cent targeted, gaming sector most hit - report May 24, 2025

The proportion of Kenyans who were not just targeted but actually fell victim to fraud rose from eight to 11 per cent during the same period.

Availing of county budget details up, but key information remains hidden - survey May 23, 2025

Although more counties are releasing additional budget reports, the quality and comprehensiveness of these reports are not keeping pace.

Youth reproductive health gains at risk from cultural, financial strains, lobby warns May 23, 2025

The group says youth-specific service delivery remains underdeveloped, with few facilities offering tailored environments for adolescents.

Rising costs force many small businesses to cut corners, but customer loyalty key for survival May 22, 2025

A benchmark study reveals that three-quarters of consumers who tried a new mass market retailer for the first time in the past six months, and were im...

IEA: IMF programme failed to fix Kenya’s economy, focused on debt repayment instead May 21, 2025

The unresolved issues, according to the IEA, contributed to public discontent that culminated in widespread protests and an eventual premature end to...

Africa’s pharma market to grow 26pc by 2029 as demand rises, but local production still lags May 21, 2025

Data from the UN Trade and Development notes that over 70 per cent of Africa’s medicines are imported, and half of the countries on the continent have...

Boost for small businesses as Safaricom revamps ‘Fuliza’ and ‘Pochi’ with credit offer May 21, 2025

Safaricom announced it has enhanced the products to integrate a credit facility under a new offering dubbed Taasi.

Communications Authority of Kenya targets 100 per cent rural ICT coverage by 2027 under Sh40bn strategy May 21, 2025

Involving significant investments from both the government and private sector, the initiative focuses on creating impactful projects that address the...

Relief ahead as oil prices set to stabilise at lower levels over the rest of 2025 May 17, 2025

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

Kenya records 64% decline in severe hunger, but future remains grim - report May 17, 2025

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...

Kenya sees sluggish growth in high-net-worth individuals amid economic headwinds – Knight Frank May 17, 2025

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

Mitumba trade no threat to local textile industry, supports 2 million jobs, report says May 16, 2025

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...

Going electric is the way to go, says boda boda operator on growing profit margins May 15, 2025

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...

Kenya’s rich barely engage in luxury spending - report May 15, 2025

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

Afreximbank launches Sh129bn funding kitty to empower African creatives May 15, 2025

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

Kenya tops East Africa in investment appeal on low risk profile May 14, 2025

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

World Bank: Africa risks missing growth dream amid rising conflict, fragile reforms May 14, 2025

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

China-US tariff truce signals easing of trade tensions, but Africa's direct impact limited May 13, 2025

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.

EAC central banks adopt master plan to modernise cross-border payments May 10, 2025

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

Consumers to benefit from decline in global commodity prices, says World Bank May 10, 2025

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

800,000 more Kenyans turn to Fuliza in 2024 as economic pressure bites May 09, 2025

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...

Kenya’s trade deficit narrows by Sh10bn in 2024 as export growth outpaces imports May 09, 2025

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.

Global food prices climb for third straight month amid soaring cereal, meat and dairy costs May 09, 2025

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...

We just want to survive: Small traders plead for lower taxes, fuel prices and honest governance May 09, 2025

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...

International firms, hospitality, finance sectors lead Kenya’s top payers May 08, 2025

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.

Private sector activities rise to a 27-month high in April on strong customer demand May 07, 2025

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

Gen Z-led protests, floods dent Kenya's economic growth in 2024 to 4.7 per cent May 06, 2025

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.

Kenya’s economic output rises 8 per cent to hit Sh16.22 trillion in 2024 May 06, 2025

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

Why Kenyans have to wait longer to feel real benefits of strengthening shilling May 03, 2025

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...

2025 Finance Bill changes may worsen cash crunch for Kenyan exporters May 03, 2025

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...

Good news for employees as state moves to increase tax exempt on allowances May 02, 2025

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...

Proposed tax cut on imported building materials to help revive struggling sector May 02, 2025

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

South Africa overtakes Kenya as top venture capital investment destination – Report May 02, 2025

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

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