Kenya Economy Stories

Infotrak survey shows most Kenyans dissatisfied with 2024, say 2025 could be worse
Lucy Mumbi  |  Jan 01, 2025

The report says the economy continues to be the primary driver of both optimism and pessimism.

Analysis: Kenyan shilling marks first year-on-year gain in four years in 2024
Alfred Onyango  |  Jan 01, 2025

As Kenya moves to 2025, the recovery of the shilling remains a key indicator of the country's economic health.

From Gen Z protests to shilling's performance: What shaped Kenya in 2024
Alfred Onyango  |  Dec 31, 2024

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...

Kenya's middle-income milestone overlooked by setbacks in sustainable development
Alfred Onyango  |  Dec 13, 2024

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,

Cabinet lauds Kenya's economic stability as inflation hits 17-year low
Maureen Kinyanjui  |  Nov 14, 2024

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...

Appetite for loans rises as Kenyans grapple with squeezed disposable income
Alfred Onyango  |  Oct 25, 2024

The latest report by Kenya's most funded fintech, M-Kopa, for instance, indicates that the demand for loans has surged.

Study: Kenya’s major cities performing poorly in aiding ease of doing business
Alfred Onyango  |  Oct 12, 2024

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).

Relief as benchmark food prices down 2 per cent in a year
Alfred Onyango  |  Jul 10, 2024

This paints a promising prospect for the general cost of living, which has been relatively high in the past two years, majorly hard-hitting developing...

After meeting with opposition, Ruto urges unity to tackle Kenya's economic challenges
Maureen Kinyanjui  |  Jul 09, 2024

The president highlighted the significance of the National Dialogue Committee (NADCO), established last year to foster consensus across political line...

Kenya's foreign direct investment falls despite digitisation measures
Vincent Ombati  |  Jun 26, 2024

Though the country witnessed a 65 per cent per cent flow increase, the FDI inflow declined from $1.59 billion (205 billion shillings) in 2022 to $1.5...

OPINION: Socio-economic evolution good for northern Kenya’s stability
Amina Boru  |  Jun 22, 2024

The shift from pastoralism to economic activities among Kenya’s Cushitic communities exemplifies broader socio-economic trends influenced by environme...

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...

Tougher month ahead for consumers as forex reserves continue to dwindle
Alfred Onyango  |  Jun 05, 2024

Data by the Central Bank of Kenya (CBK) shows the usable foreign exchange reserves stood at $6.97 billion (Sh911.8 billion), or just about 3.6 months...

Finance Bill 2024: Committee seeks oral, written views ahead of public hearing
Vincent Ombati  |  Jun 04, 2024

National Assembly Clerk Samuel Njoroge said on Tuesday that the public hearing will be held on June 10 at the Kenyatta International Convention Centre...

Finance Bill 2024: Why car owners feel new tax is 'enemy of progress'
Alfred Onyango  |  Jun 04, 2024

If the bill becomes law, insurance companies will collect the motor vehicle tax at the point of issuance of insurance coverage and remit the same to t...

Accountants ask state to reconsider taxes on bread, vehicles and digital transactions
Alfred Onyango  |  Jun 04, 2024

ICPAK says the proposal to reclassify the supply of ordinary bread from zero-rated to standard-rated will increase the product’s price, as it is a sta...

May inflation rises to 5.1 per cent on increased food, electricity prices
Alfred Onyango  |  Jun 01, 2024

The prices of spinach, kale (sukuma wiki), tomatoes, and Irish potatoes increased by 18.2 per cent, 15 per cent, 14 per cent, and 6.2 per cent, respec...

Madaraka Day: Ruto takes major steps to boost agriculture, ensure food security
Barack Oduor  |  Jun 01, 2024

The government has written off Sh110 billion worth of sugar factory debts accumulated over 40 years.

Gachagua’s ‘one man, one vote, one shilling’ push reignites equity debate
Barack Oduor  |  May 25, 2024

Opponents of the formula say populous regions already have better infrastructure, like roads, unlike sparsely populated areas.

Kenya sees 19pc surge in crime amid economic struggles
Bashir Mohammed  |  May 21, 2024

This worrying trend highlights the desperate measures individuals are taking to survive harsh economic realities.