Kenya’s economy is navigating through uncertain global waters, but the Central Bank of Kenya (CBK) remains cautiously optimistic. Recently, the CBK adjusted its economic growth forecast for the country, slightly lowering it from 5.7 percent to 5.5 percent. This revision, though modest, highlights the dynamic challenges and necessary adjustments within Kenya’s economic landscape. Governor Dr. […]

In a development that has stirred both excitement and speculation in financial circles, Kenya’s central bank has made a surprising move by cutting its benchmark interest rate for the first time in over four years. The Monetary Policy Committee (MPC) of the Central Bank of Kenya (CBK) announced on August 6, 2024, that it has […]

In a significant move aimed at addressing Kenya’s economic challenges, President William Ruto has officially signed the Supplementary Appropriations Act. This new piece of legislation marks a crucial step in the government’s effort to implement austerity measures, reflecting a broader strategy to tackle the country’s budgetary constraints and economic issues. Background: The Need for Austerity […]

The East African Community (EAC) is on the verge of a significant transformation as member states near the final stages of reviewing fees, levies, and charges on essential goods and services in the transport and agriculture sectors. This initiative aims to boost intra-regional trade, which has often been hindered by these costs, sparking trade wars […]