A Green Future, a Brighter Economy Kenya is on the brink of a green revolution that could transform its economy, potentially creating a staggering 240,000 new jobs by 2030. This optimistic projection comes from a groundbreaking report by Financial Sector Deepening (FSD) and Shortlist, highlighting the country’s commitment to environmental sustainability and its potential to […]
Kenya’s Rural Electrification Scheme (RES), established in 1973 with the noble aim of bringing electricity to remote areas and empowering rural communities, is now facing an existential threat. Recent reports reveal a staggering Sh55.9 billion loss accumulated by the scheme, painting a concerning picture. This analysis delves deeper into the factors contributing to the crisis, […]
In the heart of Kenya’s Murang’a County, a transformative initiative is unfolding that promises to lift vulnerable families out of poverty and empower them towards financial independence. Known as the Economic Inclusion Programme (EIP), this ambitious project is a collaborative effort between the Kenyan government and the World Bank, and it is setting new benchmarks […]
As Kenya navigates a precarious economic landscape, the nation eagerly awaits a crucial decision from the International Monetary Fund (IMF). At the end of August, the IMF board will review Kenya’s comprehensive economic repair plan—a key moment that could steer the country towards recovery or deepen its financial woes. A Nation in Turmoil: The Roots […]
Kenya’s recent $500 million oil import deal with Gulf states, including the UAE and Saudi Arabia, is making waves. This agreement, struck in March 2023, aims to tackle Kenya’s persistent dollar shortage, but it comes with its own set of opportunities and risks. Let’s break down the deal’s implications and what it means for Kenya […]
Kenya’s recent move to extend the pay rise freeze to all public servants has stirred up quite a bit of concern and frustration. This article takes a closer look at the reasons behind this decision, exploring how Kenya’s fiscal woes, public sector pay, and the pursuit of sustainable economic growth intersect. Unpacking Kenya’s Fiscal Strain […]
The Energy and Petroleum Regulatory Authority (EPRA) has implemented a Sh7 per litre increase in the road maintenance levy, raising it to Sh25 per litre from the previous Sh18. This decision follows a proposal by the Kenya Roads Board (KRB) for a 39% hike to address the funding gap in road infrastructure maintenance. Former Roads […]
Kenya’s exports to the Democratic Republic of Congo (DRC) have surged, making it the fastest-growing export market within the East African Community (EAC) bloc. This impressive growth comes even amidst recent diplomatic tensions between Nairobi and Kinshasa. In the first quarter of 2024, Kenya’s exports to the DRC jumped by 56.04%, reaching Ksh 8.62 billion […]
Kenyan President William Ruto has taken decisive action in response to mounting public unrest and economic challenges by dismissing all Cabinet ministers and the Attorney General. The move, announced on Thursday, follows weeks of violent protests triggered by proposed tax hikes outlined in the Finance Bill 2024, a key component of Kenya’s agreement with the […]
Kenya is gearing up for a significant leap in healthcare accessibility as President William Ruto has confirmed the full rollout of the Social Health Insurance Fund (SHIF) under the Universal Health Coverage (UHC) programme, starting October 1, 2024. This move aims to ensure every Kenyan can access healthcare without financial barriers, following initial delays that […]
