Kenyan Deputy President Kithure Kindiki has unveiled an ambitious seven-pillar plan to revitalize Kenya’s economy under President William Ruto’s leadership. The plan, presented during the 26th Ordinary Session of the Intergovernmental Budget and Economic Council (IBEC) held at Kindiki’s Karen office, reflects the Kenya Kwanza administration’s commitment to fostering economic growth, creating jobs, and improving […]

In a significant vote of confidence for the Kenya Kwanza government, global ratings agency Moody’s Investors Service has upgraded Kenya’s credit outlook from negative to positive. The announcement, made on January 25, 2025, reflects improved debt affordability and a reduced likelihood of liquidity risks. This upgrade comes at a critical time as the government, under […]

The Kenya Investment Authority (KenInvest) and the Kenya Private Sector Alliance (KEPSA) have announced a groundbreaking partnership aimed at enhancing Kenya’s economic growth through strategic public-private collaboration. The partnership is expected to streamline investment processes, advocate for business-friendly policies, and position Kenya as a premier destination for sustainable investments. This collaboration comes at a time […]

Kenya is increasingly at risk of debt distress, despite successfully raising $2 billion from a Eurobond sale last year. A new report by the Institute of Public Finance (IPF) reveals the country has surpassed key debt sustainability thresholds set by the International Monetary Fund (IMF). This troubling development places Kenya’s fiscal health under heightened scrutiny, […]

Hours into his second term as U.S. President, Donald Trump issued a series of executive orders that have sparked widespread debate regarding their global implications, particularly in Africa and specifically in Kenya. These orders, which focus on foreign aid, climate policy, and immigration, could significantly reshape Kenya’s economic and geopolitical ties with the United States. […]

Introduction to the Kenya-UAE CEPA Kenya has taken a monumental step toward economic growth and global competitiveness with the signing of the Comprehensive Economic Partnership Agreement (CEPA) with the United Arab Emirates (UAE) on January 14, 2025. This historic agreement, the first between the UAE and a mainland African nation, aligns with Kenya’s ambitious Bottom-Up […]

Kenya’s tea industry recorded a significant milestone in the second weekly auction of 2025, generating KSh 1.6 billion from the sale of 5,119,905 kilograms of tea at the Mombasa Tea Auction. The strong performance highlights the sector’s resilience and the impact of efforts to improve tea quality. The auction, conducted on January 13 and 14, […]

Kenya’s economy is projected to grow by 5.3% in 2025, signaling a rebound from the 4.6% contraction experienced in 2024. This projection is outlined in the 2025 Budget Policy Statement released by the National Treasury in Nairobi. The statement highlights the government’s strategies to stimulate recovery while fostering sustainable growth in key sectors. Economic Performance […]

The Energy and Petroleum Regulatory Authority (EPRA) of Kenya has announced a significant hike in fuel prices in its most recent review, with costs surpassing KES 200 per litre for the first time. The new prices, which took effect on January 15 and will remain valid until February 14, 2025, are poised to have widespread […]

Historic Agreement Signed in Abu Dhabi In a significant milestone for Middle Eastern and African economic relations, the UAE and Kenya signed a Comprehensive Economic Partnership Agreement (CEPA) in Abu Dhabi on January 15, 2025. The signing ceremony, held at Qasr Al Bahr, was attended by UAE President His Highness Sheikh Mohamed bin Zayed Al […]