Kenya’s Public Debt Hits Record KSh 11.36 Trillion in March 2025
Kenya’s public debt has continued its upward march, hitting KSh 11.36 trillion by March 2025, a record high that underscores the country’s deepening fiscal pressures and the urgent need for [...]
President Trump 5% Tax on Remittances Set to Rattle Kenya's Foreign Currency Flows
Buried on page 327 of what U.S House Republicans are hailing as “the one, big, beautiful bill,” a proposal by the Trump administration to impose a 5% tax on remittances [...]
Kenya’s GDP Growth Slows to Weakest Pace Since 2013
Kenya’s GDP expanded by 4.7% in 2024, a slowdown from 5.7% in 2023, as global headwinds, tight financial conditions, and easing post-pandemic momentum shaped economic activity. Nominal GDP reached KSh [...]Stanbic PMI Highest in 10 Months as Jobs Grow
Kenya’s private sector recorded higher sale volumes despite inflation rising to 4.1% in April, the latest Stanbic Purchasing Managers' Index (PMI) shows. “The Kenya PMI for April reveals a private [...]Kenya’s Secondary Bond Market Surges 95% in Q1, On Track for Another Record Year
Kenya's secondary bond market had a great start to 2025, with trading volumes that highlight increased investor interest and better market liquidity. . Among the infrastructure bonds that drove the [...]Kenya’s Public Debt Interest Payments On Pace to Cross KSh 1 Trillion in 2025
Kenya's fiscal structure has undergone a dramatic shift in recent decades, with public debt interest payments rising at an unprecedented pace. Kenya is currently paying an average of KSh 83.66 [...]Finance Bill 2025: Government Revises KSh 4.3 Trillion Budget
The Cabinet has approved the 2025 Finance Bill seeking to raise revenue for the 2025/26 budget, saying the initial budget estimates of KSh4.3 trillion will undergo substantial revisions before being tabled [...]Incomes in Wholesale, Retail, Hospitality, Shrunk in Q1-ILAM Spending Index
Wholesale/Retail and hospitality workers reported the highest rate of income decline,40% and 45% respectively, among different sectors, according to Q1 ILAM Spending Index. “Q1 2025 saw a shift towards more [...]Value of Mobile Money Transactions Drops by KSh 154Bn KNBS
The value of mobile money transactions dropped by KSh 154 billion to KSh 636 billion in February from KSh 790 billion same period last year, according to data from the [...]KCB to Auction Tycoon's Road Construction Firm as Pending Bills Bite
Kenya Commercial Bank (KCB) is set to auction the assets of road construction firm Nyoro Construction Company—owned by Kenyan tycoon Njoroge Njuguna—following a loan default triggered by pending bills with [...]Inflation Rises to 6-Month High in March
The inflation rate has risen for the fifth consecutive month from a low of 2.7% in October last year to 3.6% in March, according to figures from the Kenya National [...]CBK Likely to Lower Interest Rate to 9% by Year End Absa Research
The Central Bank of Kenya (CBK) is likely to continue cutting the benchmark rate to 9% by the end of 2025 and hold it there for the next two years, [...]
