Kenya Economy Stories

Infotrak survey shows most Kenyans dissatisfied with 2024, say 2025 could be worse
Lucy Mumbi  |  Jan 01, 2025

The report says the economy continues to be the primary driver of both optimism and pessimism.

Analysis: Kenyan shilling marks first year-on-year gain in four years in 2024
Alfred Onyango  |  Jan 01, 2025

As Kenya moves to 2025, the recovery of the shilling remains a key indicator of the country's economic health.

From Gen Z protests to shilling's performance: What shaped Kenya in 2024
Alfred Onyango  |  Dec 31, 2024

The year 2024 experienced a series of interest rate hikes on loans, a crucial go-to remedy by households in times of constrained disposable incomes su...

Economic strain forces many to forego Christmas traditions - survey
Maureen Kinyanjui  |  Dec 24, 2024

The survey reveals that younger adults, particularly those aged 18 to 26, are the hardest hit by the economic strain, with 89 per cent of this demogra...

Government extends controversial G-to-G oil deal, citing stabilisation of shilling
Lucy Mumbi  |  Dec 17, 2024

The G-to-G arrangement allows Kenya to import refined petroleum products and make payments in Kenyan shillings, rather than in US dollars.

Ghana will not quit IMF deal but wants changes, says president-elect John Mahama
Reuters  |  Dec 15, 2024

Mahama said the IMF had agreed to send an early mission to conduct a regular review.

Kenya's middle-income milestone overlooked by setbacks in sustainable development
Alfred Onyango  |  Dec 13, 2024

The latest World Bank's economic prospects report for the year 2025, indicates that the country is falling behind on 12 of the 17 SDGs,

Ghana's ex-President Mahama wins election, ruling party candidate concedes defeat
Amina Wako  |  Dec 08, 2024

The victory marks a dramatic political comeback for Mahama, who led the country from 2012 to 2017.

Sh400 million needed to repair Lamu’s oldest jetty on verge of collapse
Farhiya Hussein  |  Dec 08, 2024

Jetties in Lamu play a key role since they are the only entry and exit points into and out of Lamu town and other adjacent islands.

Skills gap threatens Kenya Kwanza government’s Bottom-Up plan, study reveals
Alfred Onyango  |  Dec 04, 2024

The paper is thus advocating for a more targeted and aligned approach to skills development in the country for the attainment of the set national prio...

Ghana risks government shutdown if no budget passed before election
Reuters  |  Dec 02, 2024

The government might have to cut back on interest payments and funding for the transition, he added, unless a budget is passed in December.

‘Kenyans are crying’: Gachagua criticises Ruto’s claims on country's economic progress
Lucy Mumbi  |  Dec 01, 2024

Gachagua highlighted widespread dissatisfaction among citizens, including public servants facing high deductions from their salaries.

President Ruto champions use of AI to enhance public service delivery
Maureen Kinyanjui  |  Nov 28, 2024

Ruto outlined how AI could transform platforms like e-Citizen by providing instant solutions, reducing wait times, and minimising opportunities for fr...

IGAD reaffirms commitment in tackling challenges in regional blue economy
Mary Wambui  |  Nov 27, 2024

This strategy is designed to guide member states in effectively tackling critical challenges to the growth of the blue economy.

Kenya's tax reforms face backlash over uncertainty and investors concerns
Maureen Kinyanjui  |  Nov 27, 2024

The IEA warned that this tax increase could face resistance from foreign service providers, further discouraging digital investment in Kenya.

88 per cent of personal data violation complaints resolved – Data commissioner
Maureen Kinyanjui  |  Nov 26, 2024

As of last week, the office had successfully addressed 5,822 out of 6,592 complaints related to potential data breaches.

Rwandan Franc depreciates by 16 pc against US dollar amid economic challenges
Amina Wako  |  Nov 23, 2024

The depreciatiion stems from a steep decline in the prices of Rwanda’s key exports, such as minerals, coffee, and tea, which has severely reduced fore...

Government can't afford Sh400 billion for counties, says Treasury
Lucy Mumbi  |  Nov 19, 2024

Responding to criticism over the reduced allocation, the CS highlighted the reluctance of many to pay taxes while demanding more government funds.

Cabinet lauds Kenya's economic stability as inflation hits 17-year low
Maureen Kinyanjui  |  Nov 14, 2024

The 2.7 per cent inflation rate is a substantial drop from 9.6 per cent in September 2022 and the lowest inflation rate since 2007, when President Mwa...

Cyber threats targeting government digital services hit 1.7 billion – ICT Ministry  
Lucy Mumbi  |  Nov 08, 2024

Cyber Security Director Yunis Omar emphasised the government’s commitment to nationwide digital transformation despite the escalating cybersecurity th...