Kenya Economy Stories
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 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,...
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 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).
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...
The president highlighted the significance of the National Dialogue Committee (NADCO), established last year to foster consensus across political line...
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...
The shift from pastoralism to economic activities among Kenya’s Cushitic communities exemplifies broader socio-economic trends influenced by environme...
The World Bank attributes the downgrade to the continued struggle with weak government balance sheets, partly from low revenue collection and high deb...
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...
National Assembly Clerk Samuel Njoroge said on Tuesday that the public hearing will be held on June 10 at the Kenyatta International Convention Centre...
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...
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...
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...
