east africa economy,Kenya Economy Stories

IMF upgrades Kenya’s economic growth to 4.8pc in 2025 despite regional, global slump
Alfred Onyango  |  Apr 26, 2025

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

Kenyan shilling, Africa’s best-performing currency in 2024 - World Bank
Alfred Onyango  |  Apr 25, 2025

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.

Rwanda overtakes Kenya to become second freest economy in EAC
Alfred Onyango  |  Apr 22, 2025

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,...

Power drives global affairs today, not rules – What Africa’s strategies should be
The Conversation  |  Apr 15, 2025

African countries, which have contributed least to global climate change, are pressured to assume greater responsibility with little international sup...

South Africa finally has a masterplan for a renewable energy industry: What it says
The Conversation  |  Apr 15, 2025

The masterplan has been drawn up so that it aligns with South Africa’s existing national target of adding 3–5 gigawatts of renewable energy capacity e...

Rwanda to build regional hub for satellite development and testing
Lucy Mumbi  |  Apr 14, 2025

The plan is detailed in Rwanda’s recently approved space policy, which prioritises reducing the country’s reliance on foreign providers for satellite...

Blue Economy boom: Over 200 Tana River youths empowered in fisheries venture
Farhiya Hussein  |  Apr 14, 2025

By channelling youthful energy into enterprise and equipping young minds with the tools to navigate the blue economy, the initiative offers hope in a...

Ugandan MPs from ruling and opposition parties receive Sh100 million each from President Museveni
Lucy Mumbi  |  Apr 08, 2025

The money is reportedly as a token of appreciation for their “good behavior” and in response to financial struggles among some legislators.

Why Kenya is currently not the best destination choice for investors - KAM
Alfred Onyango  |  Mar 28, 2025

KAM says the country’s business environment is rallying behind its aforementioned neighbours in critical industry aspects such as the cost of producti...

Ethiopia licenses first investment banks, expands capital market services
Addis Standard  |  Mar 22, 2025

The newly licensed institutions include CBE Capital S.C. and Wegagen Capital Investment Bank S.C., both designated as investment banks.

Somalia PM Hamza Barre launches five-year National Transformation Plan
Hassan Mohamed  |  Mar 19, 2025

Prime Minister Hamza said the National Transformation Plan seeks to strengthen and capacitate various government agencies and Ministries to better ser...

Women in Tana River urged to embrace blue economy to improve economic wellbeing
Farhiya Hussein  |  Mar 17, 2025

The BlueBiz programme is a lifeline for many women in coastal Kenya, particularly in Tana River County, where economic opportunities have been limited...

Kenya’s economic growth to be powered by women and diaspora remittances -Report
Alfred Onyango  |  Mar 14, 2025

It says the prospect will be supported by a robust remittance ecosystem from Kenyans living abroad and high female labour force participation, which c...

Report shows Kenya loses Sh14-Sh19 billion each time there’s a statutory holiday
Alfred Onyango  |  Mar 11, 2025

The report gives a case study of Singapore, which cut its statutory holidays from 16 to 11 days in 1968 to bolster labour efficiency.

AU honours Wangari Maathai's environmental conservation legacy with green economy initiative
Rachael Mutabasi  |  Mar 03, 2025

The African Union is looking to Maathai's pioneering work in conservation as a roadmap for creating a sustainable future.

Only 40% of Kenya's secondary schools have computer labs - report
Lucy Mumbi  |  Feb 23, 2025

During extended school closures, WhatsApp emerged as the most widely used platform for remote learning.

Kenya’s economy projected to grow by 5 per cent in 2025, easing cost of living pressures
Lucy Mumbi  |  Feb 21, 2025

The Treasury’s projection of 5.3 per cent growth in 2025 is slightly lower than the CBK’s December 2024 forecast of 5.5 per cent.

Zimbabwean President Emmerson Mnangagwa dismisses call to extend his tenure
Amina Wako  |  Feb 18, 2025

His remarks come amid growing calls within Zanu-PF to amend the constitution to allow him to remain in power until 2030.

Kenyans brave tough economic times to show love on Valentine's Day
Barack Oduor  |  Feb 14, 2025

Streets in Nairobi were painted red by flower vendors who displayed their wares for customers who were on the other hand eager to pick the bouquets th...

Employers' confederation calls for IGAD support to stabilise Sudan's economy amid conflict
Maureen Kinyanjui  |  Feb 14, 2025

Sudan is facing one of its worst crises in modern history as conflict between the Sudanese Armed Forces and the paramilitary RSF continues to push the...

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