In a significant move towards strengthening economic relations, Kenya and Zimbabwe have recently signed a series of strategic agreements aimed at fostering trade, investment, and sectoral development. The Joint Permanent Commission on Cooperation (JPCC) meeting held in Harare, Zimbabwe, served as the platform for these crucial agreements, signaling a new chapter in the partnership between […]

Nairobi witnessed a pivotal moment as President William Ruto addressed the AMCHAM Business Summit, joined by key figures including United States Secretary of Commerce Gina Raimondo and Kenya’s Investment and Trade Cabinet Secretary Rebecca Miano. President Ruto emphasized Kenya’s commitment to facilitating trade and investment, showcasing the establishment of Special Economic Zones as a testament […]

Recent projections from the International Monetary Fund (IMF) indicate a notable shift in the economic landscape of sub-Saharan Africa, with Kenya positioned to overtake Angola and secure the fourth-largest economy status in the region. This forecast, extending until 2029, marks a significant milestone for Kenya, placing it behind economic powerhouses South Africa, Nigeria, and Ethiopia. […]

In a significant move towards sustainable transportation solutions, Kenya Power has announced a substantial investment of Ksh 258 million into electric vehicles (EVs) and associated charging infrastructure. The utility company has allocated Ksh 6.5 million to establish its second EV charging station at Stima Plaza, equipped with advanced technology to cater to the growing demand […]

In Kenya, economic growth has long been hailed as a beacon of progress, yet the latest insights from the World Bank’s Africa Pulse Report reveal a sobering reality: poverty remains entrenched despite strides in GDP expansion. While the period between 2005 and 2015 saw promising reductions in poverty and inequality, recent years have ushered in […]

In a bid to stimulate economic growth and attract investment, Machakos County has identified avocado, coffee, and cotton as key sectors for development. Cabinet Secretary for Investment, Trade, and Industry, Rebecca Miano, commended Machakos’ strategic focus on becoming an investment hub, aligning with the government’s economic agenda. During a roundtable discussion at the Machakos International […]

The International Monetary Fund (IMF) has adjusted Kenya’s GDP growth forecast downwards, citing external pressures as the primary cause. In their April 2024 world economic outlook report, the IMF lowered Kenya’s projected growth rate from 5.5% to 5.0% due to various factors including disruptions in global trade and escalating tensions in key regions. Impact of […]

The Kenya Private Sector Alliance (KEPSA) has partnered with The World Bank to introduce the Carbon Market Guidebook for Kenyan Enterprises in Nairobi. This guidebook offers comprehensive assistance to Kenyan enterprises across various sectors, including agriculture, waste management, forestry, manufacturing, energy, transportation, and hospitality. Dr. John Wandaka, Vice-Chair of KEPSA’s Environment, Water, and Natural Resources […]

Kenya’s economic landscape is brightening as the Kenya shilling achieves a year-high against the U.S. dollar, reaching an impressive rate of 130. This surge, alongside other positive economic indicators, has ignited optimism among the nation’s business leaders, projecting a promising economic performance for 2024. The optimism stems from a convergence of factors: the notable easing […]

The World Bank has released its latest Africa’s Pulse report, projecting a steady 5% growth for Kenya’s economy in 2024. This growth is attributed primarily to heightened investment activity following restored access to international capital markets. Key factors driving this growth include: However, while the World Bank’s forecast aligns with ongoing economic recovery trends, it […]