Kenya Economy Stories

IMF upgrades Kenya’s economic growth to 4.8pc in 2025 despite regional, global slump
Alfred Onyango  |  Apr 26, 2025

The country’s GDP growth forecast has received a notable upgrade in the latest economic outlook by the International Monetary Fund (IMF).

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.

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,...

Why Kenya is currently not the best destination choice for investors - KAM
Alfred Onyango  |  Mar 28, 2025

KAM says the country’s business environment is rallying behind its aforementioned neighbours in critical industry aspects such as the cost of producti...

Report shows Kenya loses Sh14-Sh19 billion each time there’s a statutory holiday
Alfred Onyango  |  Mar 11, 2025

The report gives a case study of Singapore, which cut its statutory holidays from 16 to 11 days in 1968 to bolster labour efficiency.

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...

Reality on the ground is different, Kenyans tell Moody's on 'positive' rating
Lucy Mumbi  |  Jan 26, 2025

Critics are questioning whether external observers and global investors truly understood Kenya’s realities.

Kenya’s economy growth down to 4.0% in Q3 - KNBS
Alfred Onyango  |  Jan 07, 2025

KNBS largely attributes the decelerated growth to the general decline in growth in most sectors of the economy.

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...

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