Kenya's GDP Stories

Kenya, United Arab Emirates sign comprehensive agreement to deepen trade and investment ties
Mwangi Maina  |  Jan 15, 2025

Ruto described the CEPA as a significant milestone in economic cooperation and reaffirmed Kenya's commitment to achieving mutual prosperity through th...

Kenya tops East Africa in diaspora remittances with Sh537.6 billion in 2024
Lucy Mumbi  |  Dec 30, 2024

The World Bank report, which tracks remittance inflows to low- and middle-income countries since 2000, reveals that Uganda has consistently maintained...

Kenya's small businesses hope for a better 2025 after struggling in 2024
Alfred Onyango  |  Dec 29, 2024

The Institute of Economic Affairs growth will remain moderate and uneven in the coming year unless significant structural reforms are implemented.

State's high domestic borrowing draining credit for private sector – World Bank
Lucy Mumbi  |  Dec 10, 2024

The report emphasised the urgency of accelerating structural reforms, particularly in light of Kenya’s fiscal constraints.

IMF raises Ethiopia's international reserves target after first review
Reuters  |  Nov 05, 2024

Ethiopia plans to reach a deal with bilateral creditors by year-end, the Fund said, followed by a deal with its Eurobond investors.

Ruto ranked highest-paid world leader by GDP ratio - report
Lucy Mumbi  |  Nov 03, 2024

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.

Gen Z anti-tax demos dented Kenya’s GDP growth prospect for 2025 - IMF
Alfred Onyango  |  Nov 02, 2024

Tthe IMF has lowered Kenya's GDP growth forecast for the country to 5.0 per cent.

Kenya’s GDP growth slows to 4.6 per cent in second quarter
Alfred Onyango  |  Oct 02, 2024

The macroeconomic indicators generally showed mixed performance in the period under review.

Kenyans express mixed views on state of economy as year nears close
Alfred Onyango  |  Oct 01, 2024

The country’s economy developed substantially slower in the first three months of this year than it did in the same period last year.

Kenya’s economy grew substantially slower in first quarter- CBK
Alfred Onyango  |  Aug 05, 2024

CBK reiterates that the agriculture sector performance remained strong in the period under review, attributable to favourable weather conditions and g...

Weak shilling takes a hit on Kenya’s GDP growth in Q1
Alfred Onyango  |  Jul 03, 2024

The Kenya shilling also depreciated against the South African Rand and the Tanzanian and Ugandan shillings.

Journalist’s memoir reveals story of Somalia’s resilience
Barack Oduor  |  Jun 24, 2024

Mogadishu has been undergoing an economic renaissance few would have imagined five years ago.

World Bank downgrades Kenya’s GDP growth to 5 per cent in latest review
Alfred Onyango  |  Jun 12, 2024

The World Bank attributes the downgrade to the continued struggle with weak government balance sheets, partly from low revenue collection and high deb...

Somalia, Ethiopia to have stronger GDP growth this year - World Bank
Alfred Onyango  |  Jun 12, 2024

Somalia's gross domestic product growth pace has been set at 3.7 per cent, compared to 3.1 per cent last year, while Ethiopia's was 7.0 per cent, 0.2...

Kenya's fiscal deficit to rise by 21% to Sh920 billion this year - report
Alfred Onyango  |  Jun 06, 2024

To address this, the Committee says financing of the gap will predominantly shift towards foreign borrowing.

Tanzania doubles number of project investments in Q1 to 211
Alfred Onyango  |  Jun 01, 2024

TIC executive director Gilead Teri attributes the achievements to several measures taken by the Centre since President Samia Suluhu Hassan came into o...

Ruto tells off re-election critics, calls for inclusive global reforms
Bashir Mohammed  |  May 18, 2024

The president's remarks came during the annual Africa CEO Forum in Kigali, Rwanda, where he joined other African leaders and business executives to di...

Ethiopia's wealth to grow at 5th fastest rate in BRICS
Ibrahim Omar  |  Jan 31, 2024

Ethiopia’s wealth will grow 75 per cent between 2023 and 2024, according to the inaugural BRICS Wealth Report released Wednesday by London-based inves...

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