Kenya’s economy experienced an encouraging surge in 2024 as diaspora remittances rose by an impressive 14%, reaching Sh674.1 billion. This rise has confirmed the growing importance of remittances as one of the country’s most reliable sources of foreign exchange, outpacing other key sectors such as tourism, tea exports, and horticulture. This trend is not only […]

Kenya is on track to become East Africa’s largest economy in 2025, overtaking long‑time regional leader Ethiopia, according to the latest International Monetary Fund projections. While Ethiopia’s GDP is forecast at about $117 billion next year, Kenya’s output is expected to reach roughly $132 billion. This shift reflects contrasting policy decisions, financing strategies and economic resilience in two of […]

A fresh warning from the United States Department of Agriculture’s Foreign Agricultural Service has cast a spotlight on Kenya’s sugar sector, predicting a sharp 19.8 percent drop in domestic sugar output for the 2025/2026 marketing year. Production is forecast to fall from 810,000 metric tonnes in 2024/2025 to just 650,000 metric tonnes, due to shrinking cane acreage, aging […]

Kenya’s National Treasury has unveiled its Budget Policy Statement (BPS) for the fiscal year 2025/26, presenting an ambitious increase in the nation’s budget estimates to KSh 4.26 trillion, up from KSh 3.98 trillion in the 2024/25 fiscal year. This shift reflects the government’s continuing efforts to balance economic transformation and fiscal discipline, while also responding […]

Kenya’s President William Ruto has recently lauded the Finance Bill 2025, calling it a “carefully crafted” piece of legislation that will be instrumental in the country’s economic growth. During his address at the Uhuru Gardens on May 1, 2025, which coincided with the annual Labour Day celebrations, Ruto emphasized that the bill was designed to […]

In a decisive move to rein in public spending and inject fresh momentum into Kenya’s economy, President William Ruto presided over a Cabinet meeting at State House, Nairobi, that approved the Finance Bill, 2025. The legislation, which now proceeds to Parliament, aims to sharpen tax administration, seal revenue leakages, and unlock growth—particularly for small businesses […]

As Kenya faces mounting economic pressures and dwindling external financing, the International Monetary Fund (IMF) has called on the government to prioritize development funding through careful expenditure management. IMF’s advice to Kenya comes amidst the challenges of shrinking access to external financing and the increasing difficulty in mobilizing adequate domestic revenue. The IMF has urged […]

In a critical move to reshape Kenya’s economic future, the Kenya Private Sector Alliance (KEPSA) has taken a front-line role in engaging Parliament to push for a more business-friendly Finance Bill 2025. The umbrella body, representing a vast array of Kenyan industries, has made clear its stance: the current fiscal landscape is unsustainable for investment […]

 In a landmark move that could reshape Kenya’s financial diplomacy and economic trajectory, the East African nation is preparing to receive the first $500 million installment of a $1.5 billion commercial loan from the United Arab Emirates (UAE). This initial disbursement, expected next week, marks a significant step in Nairobi’s pivot toward non-traditional lenders as […]

In a significant move to bolster economic collaboration, Kenya and China have agreed to expedite the conclusion of a free trade agreement (FTA) following high-level discussions between President William Ruto and Chinese Prime Minister Li Qiang. This development underscores the deepening partnership between the two nations, aiming to enhance market access and mutual economic growth.​ […]