kenya economic growth Stories
The projection also represents a significant cut from its earlier forecast of 5.0 per cent growth made in January.
The alliance emphasised the need for banks to shift towards lending based on cash flow for small and medium enterprises (SMEs) and startups, rather th...
One of the primary areas where PEG-MGF might hold promise is tissue repair and cellular proliferation.
Official statistics from the Kenya National Bureau of Statistics show formal job creation fell to 75,500 in 2024, down sharply from 123,000 in 2023.
The lender credits the upgrade to robust growth in agriculture and vital service sectors, particularly fintech and mobile money.
The country’s resurgent inflation, driven by surging electricity and fuel costs, could force policymakers to consider rate hikes to keep price growth...
World Bank pegs the shortfall to the occurrence of political violence on the continent, which increased about eightfold between 2000 and 2023, and wit...
This is from Sh15.03 trillion in 2023, representing an eight per cent year-on-year growth.
The country’s GDP growth forecast has received a notable upgrade in the latest economic outlook by the International Monetary Fund (IMF).
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.
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...
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,...
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...
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...
The 10 per cent tariff, announced by US President Donald Trump, applies to all goods exported from Kenya to the United States.
Medical professionals stress the importance of intentional physical connection between parents and their infants, particularly focusing on specific ar...
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.
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...
The directive is expected to impact Kenya significantly, as it currently applies a 16 per cent VAT on goods entering its market.
Despite the marginal decline in growth of the business activities, the index report maintained that general business conditions improved further.
The African Peer Review Mechanism (APRM) this week disagreed with Moody's positive rating on Kenya, terming it irresponsible after it revised Kenya's...
The five-year programme aims to tackle food insecurity and enhance agribusiness in some of Kenya's most vulnerable regions.
Groups such as Islamic State and al-Qaeda are committed to the establishment of these states, denouncing democratic governance.
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...
This transition is expected to significantly reduce the use of firewood, reducing environmental degradation and improving air quality for students and...
Community representatives who spoke at the event expressed their commitment to promoting the public-private partnership.
Kenya has managed to stabilise its foreign exchange rate, boost hard currency reserves held by the Central Bank and lower inflation this year.
This decision follows significant opposition from business stakeholders who expressed concerns that the increased levy would drive up the cost of impo...
The agriculture, manufacturing and construction sectors recorded declined sales, latest Stanbic Bank Kenya Purchasing Managers' Index shows.
Ethiopia plans to reach a deal with bilateral creditors by year-end, the Fund said, followed by a deal with its Eurobond investors.
