Somalia GDP,somalia GDP growth Stories
The Somali state collapsed as a cohesive national entity in 1991. The military government that had been in power since 1969 was overthrown by armed op...
An analysis of data from the Central Bank of Kenya (CBK) shows the Kenyan shilling closed the first quarter of 2025 with a 14 per cent year-on-year ga...
The downturn follows a seven-month streak of growth that began in October last year to April this year, signalling a notable shift in economic momentu...
According to the latest quarterly GDP report by the Kenya National Bureau of Statistics (KNBS), the plateau in growth is largely due to a slowdown in...
The World Bank adds that in the early 2000s, Africa enjoyed strong economic growth driven by high commodity prices and a surge in foreign capital infl...
FDI inflows to emerging markets and developing economies (EMDEs) have weakened steadily as a share of their GDP since the global financial crisis
The Bill, which aims to regulate motorcycle taxis at the county level, will now proceed to a second reading after the National Assembly voted against...
The lender highlights the narrowing room for manoeuvre in the country’s budget, driven by ballooning debt servicing costs, persistent revenue shortfal...
BAC Chairperson Samuel Atandi announced this as the committee began receiving reports from departmental committee chairpersons on the scrutiny of budg...
World Bank pegs the shortfall to the occurrence of political violence on the continent, which increased about eightfold between 2000 and 2023, and wit...
The National Transport and Safety Authority reports that over two million licensed boda boda riders are active across Kenya, with each rider earning a...
East Africa’s projection is an upgrade from 4.4 per cent in the previous year, with the lender backing agriculture and services sectors as the main dr...
CBK data shows Kenya's public debt hit Sh10.027 trillion in the last week of June 2023, effectively breaching the then statutory debt ceiling which wa...
The report gives a case study of Singapore, which cut its statutory holidays from 16 to 11 days in 1968 to bolster labour efficiency.
Experts note that the investment slowdown over the past decade has been driven by reduced demand for transport equipment, machinery, and ICT equipment...
Constitutional commissions such as the National Land Commission, the Salaries and Remuneration Commission, and the Commission on Revenue Allocation wi...
The IMF said on Wednesday that it would analyse the report and initiate consultations with authorities to address issues raised.
Ruto described the CEPA as a significant milestone in economic cooperation and reaffirmed Kenya's commitment to achieving mutual prosperity through th...
The World Bank report, which tracks remittance inflows to low- and middle-income countries since 2000, reveals that Uganda has consistently maintained...
The Institute of Economic Affairs growth will remain moderate and uneven in the coming year unless significant structural reforms are implemented.
The report emphasised the urgency of accelerating structural reforms, particularly in light of Kenya’s fiscal constraints.
Ethiopia plans to reach a deal with bilateral creditors by year-end, the Fund said, followed by a deal with its Eurobond investors.
According to the report, his annual earnings of Sh19,800,000 translate to 1,993 per cent of Kenya’s per-capita GDP, which stood at Sh811,615 in 2023.
Tthe IMF has lowered Kenya's GDP growth forecast for the country to 5.0 per cent.
The macroeconomic indicators generally showed mixed performance in the period under review.
The country’s economy developed substantially slower in the first three months of this year than it did in the same period last year.
CBK reiterates that the agriculture sector performance remained strong in the period under review, attributable to favourable weather conditions and g...
The Kenya shilling also depreciated against the South African Rand and the Tanzanian and Ugandan shillings.
Mogadishu has been undergoing an economic renaissance few would have imagined five years ago.
