kenya economic growth Stories
Data by the Kenya National Bureau of Statistics (KNBS) shows the increase was mainly driven by rise in prices of commodities in the three key categori...
Mbadi, who took over as Treasury boss in August 2024 following the dismissal of several Cabinet Secretaries in the wake of the Finance Bill protests,...
A tough-talking Ruto insisted that Kenya has achieved significant progress compared to many nations and dismissed claims that the country is headed in...
Kippra, in its assessment using the Africa Transformation Index (ATI), gave Kenya a score of 7.7 out of 30, placing it 22nd in the continental ranking...
Data from the Kenya National Bureau of Statistics shows that 782,300 new jobs were created in 2024, a drop from 848,100 the year before.
The projection also represents a significant cut from its earlier forecast of 5.0 per cent growth made in January.
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 lender highlights the narrowing room for manoeuvre in the country’s budget, driven by ballooning debt servicing costs, persistent revenue shortfal...
The country’s resurgent inflation, driven by surging electricity and fuel costs, could force policymakers to consider rate hikes to keep price growth...
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.
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 decision, made official through a Gazette Notice dated April 11, aligns with Kenya's broader aim of deepening international trade ties.
KAM says the country’s business environment is rallying behind its aforementioned neighbours in critical industry aspects such as the cost of producti...
The report gives a case study of Singapore, which cut its statutory holidays from 16 to 11 days in 1968 to bolster labour efficiency.
The African Peer Review Mechanism (APRM) this week disagreed with Moody's positive rating on Kenya, terming it irresponsible after it revised Kenya's...
Critics are questioning whether external observers and global investors truly understood Kenya’s realities.
KNBS largely attributes the decelerated growth to the general decline in growth in most sectors of the economy.
The report says the economy continues to be the primary driver of both optimism and pessimism.
As Kenya moves to 2025, the recovery of the shilling remains a key indicator of the country's economic health.
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...
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,
The report emphasised the urgency of accelerating structural reforms, particularly in light of Kenya’s fiscal constraints.
Kenya has managed to stabilise its foreign exchange rate, boost hard currency reserves held by the Central Bank and lower inflation this year.
The council, co-chaired by Trade CS Salim Mvurya and a European Commission representative, will oversee the implementation of the agreement, focusing...
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...
The latest report by Kenya's most funded fintech, M-Kopa, for instance, indicates that the demand for loans has surged.
From the findings, all the cities scored below the average mark of 0.56: Nairobi (0.37), Kisumu (0.32), Mombasa (0.30), and Nakuru (0.29).
