kenya economic growth Stories

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.

Trump’s protectionist tariffs dent global economic growth prospects to 2.8 per cent
Alfred Onyango  |  Apr 24, 2025

Were it not for the tariffs, the lender says the global economic growth would have seen only a modest cumulative downgrade of 0.2 percentage point, to...

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,...

EPRA raises LPG entry bar to 30,000 cylinders for dealers to curb cartels
Maureen Kinyanjui  |  Apr 22, 2025

This is a sharp rise from the current threshold of 5,000 cylinders and is expected to shake up the liquefied petroleum gas (LPG) industry by locking o...

What happens if Trump trashes the AGOA pact?
DW News  |  Apr 22, 2025

African nations have enjoyed duty-free access to the US market for over two decades under the African Growth and Opportunity Act (AGOA), up for renewa...

US tariffs pose risks and opportunities for Kenya’s export market
Maureen Kinyanjui  |  Apr 10, 2025

The 10 per cent tariff, announced by US President Donald Trump, applies to all goods exported from Kenya to the United States.

Three parts of a baby’s body that parents should touch more often
Margaret Wanjiru  |  Apr 06, 2025

Medical professionals stress the importance of intentional physical connection between parents and their infants, particularly focusing on specific ar...

Private sector activity rises to 10-month high in March
Alfred Onyango  |  Apr 04, 2025

The Stanbic Bank Kenya Purchasing Managers' Index (PMI), which gauges the level of private sector activities, rose to 51.7 from 50.6 in February.

Report: East Africa to power Africa’s economic growth in 2025
Alfred Onyango  |  Apr 04, 2025

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...

Kenya faces new US tariffs after Trump announces new fight against ‘unfair trade’
Charles Adinda  |  Feb 18, 2025

The directive is expected to impact Kenya significantly, as it currently applies a 16 per cent VAT on goods entering its market.

Tough economic conditions slow down private sector customer demand in January
Alfred Onyango  |  Feb 06, 2025

Despite the marginal decline in growth of the business activities, the index report maintained that general business conditions improved further.

Billow Kerrow: Kenya's economic growth reliant on Ruto's fight against graft
Barack Oduor  |  Jan 31, 2025

The African Peer Review Mechanism (APRM) this week disagreed with Moody's positive rating on Kenya, terming it irresponsible after it revised Kenya's...

Farmers in Isiolo, Garissa, seven other counties to receive Sh6.3 billion USAID grant
Maureen Kinyanjui  |  Jan 16, 2025

The five-year programme aims to tackle food insecurity and enhance agribusiness in some of Kenya's most vulnerable regions.

Why West Africa could soon have a jihadist state
The Conversation  |  Jan 12, 2025

Groups such as Islamic State and al-Qaeda are committed to the establishment of these states, denouncing democratic governance.

Kenya's private sector activity dips slightly in December amid rising inflation
Alfred Onyango  |  Jan 07, 2025

Attributing the slight dip to inflation, the Index says the sharp increase in input costs at the end of the year led private sector firms to raise sel...

Kenya to switch to LPG for cooking in public schools
Maureen Kinyanjui  |  Dec 17, 2024

This transition is expected to significantly reduce the use of firewood, reducing environmental degradation and improving air quality for students and...

Turkana unveils private sector engagement framework to foster urban development
Issa Hussein  |  Dec 15, 2024

Community representatives who spoke at the event expressed their commitment to promoting the public-private partnership.

World Bank cuts Kenya's 2024 growth estimate to 4.7 per cent on fiscal challenges
Reuters  |  Dec 10, 2024

Kenya has managed to stabilise its foreign exchange rate, boost hard currency reserves held by the Central Bank and lower inflation this year.

National Assembly’s committee proposes two per cent railway levy, rejects lower rate
Martin Kinyanjui  |  Dec 05, 2024

This decision follows significant opposition from business stakeholders who expressed concerns that the increased levy would drive up the cost of impo...

Kenya’s private sector growth up for second month but outlook remains gloomy
Alfred Onyango  |  Dec 05, 2024

The agriculture, manufacturing and construction sectors recorded declined sales, latest Stanbic Bank Kenya Purchasing Managers' Index shows.

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