Most Small firms Have No Cash beyond June, Warns CBK Governor
The Central Bank of Kenya (CBK) has warned that three-quarters of small and medium-sized enterprises(SMEs) have no cash to run beyond June. This dire situation implies that these SMEs will [...]
Inflation Declines Marginally to 5.5% in May
Recent data from the Kenya National Bureau of Statistics (KNBS) reveals that the overall year on year (YoY) inflation in May stood at 5.47%. On the other hand, the consumer [...]
Uganda Rejects Directive to Use SGR
Uganda government through the Minister of Works and Transport has written to Kenya's Transport Cabinet Secretary James Macharia expressing displeasure over the directive to use the Standard Gauge Railway to [...]High Noon for SACCO Loan Defaulters
It will soon be mandatory for all Savings and Credit Co-operative Society (SACCO) loan defaulters to be blacklisted by Credit Reference Bureaus (CRBs). This follows an approval by the Senate [...]Treasury Faces an Uphill Task to Meet FY19/20 Revenue Targets
As June 30 draws nearer, the final day of FY 2019/20, there is an expectation that Treasury will miss its revenue targets. Parliamentary Budget Office in Unpacking the Estimates of [...]Senate Proposes Package for Tax Compliant MSMEs
The Senate Ad Hoc Committee on coronavirus pandemic has proposed a liquidity support package for Micro, Small and Medium-sized Enterprises (MSMEs), but only for those that are tax-compliant. Furthermore, the [...]
The ICJ Reschedules Kenya-Somalia Maritime Border Case to March 2021
The International Court of Justice will now hear the Kenya-Somalia maritime border case in March 2021, due to the COVID19 pandemic. This is the fourth time the court is delaying [...]Treasury Seeks Amendments to the 2020/21 National Budget
National Treasury has written to the Parliament seeking amendments to the 2020/21 National Budget to be read on 12th June 2020. In a letter to the Parliamentary Budget Office, dated [...]30% of Kenyans Cannot Afford Rent while 13% are out of Work due to Coronavirus KNBS
A survey by the Kenya Bureau of Statistics reveals that 13.4% of Kenyans are out of work due to temporary layoffs or work reductions. The layoffs are one of the [...]CBK Floats KSh 25.6 Billion Infrastructure Bond
The Central Bank of Kenya(CBK) has floated a KSh 25.6 Billion Infrastructure Bond, to assist the Government finance various infrastructure projects. Sale of this six-year infrastructure bond begun on 14th [...]IMF Raises Kenya’s Risk of Debt Distress to High from Moderate
The International Monetary Fund(IMF) has raised Kenya’s risk of debt distress to high from moderate in a recent assessment. Kenya's debt stood at 61.7% of GDP at the end of [...]EAC Leaders Prioritize Movement of Goods
East African Community (EAC) heads convened in a virtual meeting vowing to tackle the cross-border spread of COVID19 and the continued free movement of goods. The meeting chair, President Kagame [...]
