The Institute of Economic Affairs growth will remain moderate and uneven in the coming year unless significant structural reforms are implemented.

The report emphasised the urgency of accelerating structural reforms, particularly in light of Kenya’s fiscal constraints.

According to the report, his annual earnings of Sh19,800,000 translate to 1,993 per cent of Kenya’s per-capita GDP, which stood at Sh811,615 in 2023.

Tthe IMF has lowered Kenya's GDP growth forecast for the country to 5.0 per cent.

The macroeconomic indicators generally showed mixed performance in the period under review.

The country’s economy developed substantially slower in the first three months of this year than it did in the same period last year.

CBK reiterates that the agriculture sector performance remained strong in the period under review, attributable to favourable weather conditions and g...

The Kenya shilling also depreciated against the South African Rand and the Tanzanian and Ugandan shillings.

The World Bank attributes the downgrade to the continued struggle with weak government balance sheets, partly from low revenue collection and high deb...