Kenya’s economic prospects are under scrutiny as the country grapples with recent anti-government protests that disrupted business activities across major cities. Spanning from June 18 to June 27, these protests have heightened concerns about Kenya’s economic stability, impacting investor confidence and leading to a 0.29 percent depreciation of the Kenyan shilling. The protests have exacerbated […]

Kenyan President William Ruto has announced plans to increase borrowing in response to the recent rejection of a finance bill aimed at boosting tax revenue. Following deadly protests and the subsequent withdrawal of the bill, Ruto emphasized in a televised interview that its failure has hindered government efforts to manage Kenya’s mounting debt, which currently […]

In a recent forum, experts highlighted the crucial synergy between Micro, Small, and Medium Enterprises (MSMEs) and the burgeoning e-commerce sector as pivotal to Kenya’s economic growth trajectory. Kenya’s economy thrives on its diverse MSME sector, encompassing over 7.4 million enterprises across key industries such as agriculture, logistics, and services. These enterprises, predominantly led by […]

Kenya faces mounting economic uncertainties following President William Ruto’s decision to retract support for a controversial finance bill amid widespread public outcry and violent protests. The bill, designed to generate 346 billion Kenyan shillings ($2.68 billion) through new taxes on essential goods and services like bread and mobile-money transfers, was a crucial component of Kenya’s […]

President William Ruto has sent a contentious finance bill back to parliament for revisions, following nationwide protests that have resulted in at least 23 deaths and numerous injuries. The bill, intended to generate an additional $2.7 billion through tax hikes, has faced significant public opposition. Reports from local media, including Kenya’s Star newspaper and KTN […]

The majority of amendments to the Finance Bill, 2024 have been successfully adopted by the House, following a session led by Deputy Speaker Gladys Shollei. These amendments, introduced by Kuria Kimani, Chairperson of the Finance and Planning Committee, mark a significant step in addressing the public’s concerns and legislative scrutiny. Significant Amendments Passed The session […]

USAid has launched the ‘Safe Milk Kenya’ project in partnership with BioFood Products Limited, aiming to improve the quality and safety of Kenya’s dairy products. This initiative is part of USAid’s broader efforts to strengthen agricultural practices and promote economic growth in the region. Robert Kilonzo, USAid’s project management specialist for Kenya and East Africa, […]

President William Ruto has expressed his willingness to engage in dialogue with thousands of young protesters who have demonstrated across Kenya in opposition to proposed tax increases. The protests, primarily led by Generation Z Kenyans, have highlighted growing dissatisfaction with the government’s economic policies. Speaking at a Summit on Peace in Ukraine in Switzerland, Ruto […]

The African Commission on Human and Peoples’ Rights (ACHPR) has expressed deep concerns over Kenya’s proposed finance bill, citing potential threats to socio-economic stability and privacy rights. In a statement issued by Hon Commissioner Solomon Ayele Derso, the ACHPR emphasized the need for extensive public consultation regarding the government’s introduction of new taxes. This move […]

During the second Aquatic Resources and Blue Economy Conference (ARBEC) in Kisumu, stakeholders emphasized the crucial role of Kenya’s blue economy sector in driving economic growth. Deputy Governor Dr. Mathews Owili highlighted the sector’s potential, noting current disparities in contribution to GDP between Nairobi and riparian counties like Kisumu and Mombasa. Dr. Owili acknowledged recent […]