Following widespread protests and significant political developments, Kenyan President William Ruto recently engaged in discussions with International Monetary Fund (IMF) Managing Director Kristalina Georgieva. Sources familiar with the matter revealed that the conversation occurred shortly after President Ruto decided to withdraw a proposed $2.7 billion tax increase, a decision aimed at calming civil unrest that […]

Kenya’s economy grew by 5.0% in the first quarter of 2024, a slight decline from the 5.5% growth recorded in the same period last year, according to a report by the Kenya National Bureau of Statistics (KNBS) released on Wednesday. Key sectors contributing to this growth included agriculture, forestry and fishing, real estate, financial and […]

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 […]