Kenya is embarking on an ambitious initiative to significantly increase its workforce presence in Qatar, aiming to send 300,000 workers to the Gulf nation. This figure represents a substantial increase from the current 67,000 Kenyans working in Qatar. The plan was revealed by Labour and Social Protection Cabinet Secretary Alfred Mutua during a recent meeting […]

Kenya is taking significant steps toward addressing corruption and governance issues by requesting a formal assessment from the International Monetary Fund (IMF). This move follows pressure from Western countries and aligns with the Kenyan government’s ongoing efforts to manage its rising debt and economic instability. The IMF has confirmed the request for a governance diagnostic, […]

Kenya’s inflation rate experienced a significant drop in September 2024, providing a much-needed reprieve for the economy amid persistently high food and commodity prices. According to the latest data from the Kenya National Bureau of Statistics (KNBS), the inflation rate eased from 4.4 percent in August to 3.6 percent in September. Despite the decline, rising […]

Kenya’s economic growth slowed to a two-year low in the second quarter (Q2) of 2024, registering a 4.6% expansion compared to 5.6% during the same period in 2023, according to the Kenya National Bureau of Statistics (KNBS). This marked a decline from the 5% growth recorded in the first quarter of 2024, reflecting the increasing […]

Major stakeholders of the International Monetary Fund (IMF), led by Western nations, are urging Kenya to request an IMF assessment to address issues of corruption and governance as the country seeks to unlock crucial financial support. According to sources, disbursement of approximately $600 million under Kenya’s IMF Extended Credit Facility program has been stalled, primarily […]

In a significant overhaul of Kenya’s healthcare insurance system, the government has announced that Kenyans currently relying on the National Health Insurance Fund (NHIF) will need to re-register under the new Social Health Authority (SHA). This comes as the government aims to raise KSh 148 billion annually through deductions to support the newly established Social […]

Kenya is intensifying its efforts to transition to a low-carbon and climate-smart economy with a critical partnership between EcoSecurities and the Kenya Private Sector Alliance (KEPSA). This collaboration aims to mobilize and increase access to carbon and climate finance, supporting Kenya’s broader decarbonization agenda. EcoSecurities, a global leader in climate solutions, leverages nature, technology, and […]

The Kenya National Bureau of Statistics (KNBS) has reported a significant decline in the value of cut flower exports in June 2024. According to the latest KNBS Leading Economic Indicators report, the value of cut flowers exported from Kenya fell by 21.2%, from KSh 6.6 billion in May 2024 to KSh 5.2 billion in June […]

Kenya is reportedly on the verge of finalizing a deal with the United Arab Emirates (UAE) for a $1.5 billion loan. This financial agreement is aimed at bolstering Kenya’s fiscal position as the country grapples with a budget shortfall exacerbated by rising debt costs, political unrest, and economic pressures. According to Bloomberg, citing sources familiar […]

Kenya has made a significant step in bolstering its international economic relations by finalizing a landmark Double Taxation Agreement (DTA) with Singapore. This agreement, reached on the sidelines of the United Nations General Assembly (UNGA) in New York, marks Singapore as the 50th nation to establish such an arrangement with Kenya. The DTA aims to […]