Key Figures on Kenya's 2019 Economic Performance
ROADS The total length of roads paved increased by 14.2 per cent to 21,295.1 kilometres in 2019. Uptake of credit in the construction sector grew by 1.6 per cent in [...]
Kenya to Suffer the Biggest Slump in Economic Growth in the EA Region Citi
The East African region is set to experience a slowdown in economic growth in 2020, given the restrictive measures governments have imposed to limit the spread of covid19 and the [...]
Airtel-Telkom Allowed to Sell 40% of Merged Business
It is a sigh of relief for Airtel and Telkom Kenya after the Competition Tribunal allowed them to sell up to 40% of their merged business. In February this year, [...]
Low Trade Hurts Kenya's Forex Reserves
CBK weekly bulletin for the week ending Thursday 30th April reveals that Kenya's Foreign exchange reserves continued to diminish as receipts from tourism and international trade decreased. The data shows [...]
Safaricom Picks Sitoyo to Head New Mpesa Venture
Safaricom has picked Sitoyo Lopokoiyit, current Head of Financial Services Division, as an interim Managing Director to lead the new Mpesa joint venture with Vodacom, M-Pesa Africa. Vodacom and Safaricom [...]Kenya to Apply 1.5% Tax on Digital Transactions
The Kenyan government plans to impose a 1.5% digital tax on the value of online/digital transactions, according to proposals in the Finance Bill 2020, cashing in on a nascent industry [...]DT Dobie Issues Redundancy Notice
Car dealer DT Dobie issued a redundancy notice in line with a restructuring decision taken at the end of last year. Managing director, Ian Middleton, blamed the continuous decline in [...]Economic and Fundamental Developments 05-05-2020
Oil prices rose significantly yesterday as countries eased isolation measures and a report issued by Goldman Sachs Bank was optimistic about the rise in oil next year due to the [...]Kenya's Economy to Rebound in 2021
The Central Bank of Kenya(CBK) expects Kenya's economy to recover in the new year. The statement was made by the CBK Governor Dr. Patrick Njoroge, following the Monetary Policy Committee(MPC) [...]Kenya Seeks Suspension of Debt Payments
Kenya is seeking debt-relief options with lenders as the state seeks more money to deal with the negative impacts of the COVID-19 pandemic. According to Treasury Principal Secretary, Julius Muia, [...]Podcast; Key Takeaways from The World Bank Kenya Economic Update
In the recently released Kenya Economic Update, the World Bank reported that Kenya’s Gross Domestic Product growth rate will shrink to 1.5 percent. In this podcast, our resident economist, Prince [...]
CBK Issues a 50Bn Treasury Bond
CBK has announced the issuance of a 5-year Ksh50 billion bond for budgetary support in May. In a prospectus seen by Kenyan Wallstreet, CBK says that the auction date is [...]
