G20 Suspends Debt Repayment for World's Poorest Countries
Officials from the G20 countries (Group of 20 major economies) have announced plans to suspend both principal repayments and interest payments on loans for the world's poorest countries. The waiver [...]
Proposed Law Seeks to Protect Kenyans Affected by COVID-19
A proposed law prohibits Commercial Banks, landlords, utility firms, employers, and auctioneers from penalizing those individuals affected by COVID19. The law seeks to stop the charging of penalties, evicting rent [...]
Kenya's Parliament Plans Virtual Sittings
Members of Parliament in Kenya could soon hold virtual meetings and conduct online debate sessions as they pass laws on dealing with COVID-19. The House's sitting capacity has been reduced [...]Cash Transfers to Vulnerable Kenyans
The Kenya Government plans to pilot a cash transfer program that will enable the elderly and most vulnerable members of the society to buy food while coping with the effects [...]Sub Saharan Africa Faces Worst Recession in 25 Years
Sub Saharan Africa (SSA) is facing the worst recession in 25 years as the COVID19 pandemic continues to spread and halt operations. According to Africa Pulse, a bi-annual World Bank [...]
Kenya's debt levels to rise due to Coronavirus
The economic crisis triggered by the coronavirus will increase Kenya's debt levels owing to the huge financial needs that it will require, Fitch Ratings says. This is unless the Government [...]COVID-19: Balancing the Recovery Approach for an African Economy
As economies in Africa were gradually exposed and had to begin dealing with the current COVID-19 crisis, there were several responses introduced to counter the primary threat of the virus. [...]
Kenya Bans Non-Essential Movement In Out of City
Kenyan President Uhuru Kenyatta has restricted movement in and out of the Nairobi Metropolitan area as well as Counties of Kilifi, Kwale, and Mombasa. While Nairobi has implemented the ban, [...]Parliamentary Budget Office Paints Grim Picture of Economy
A report by the Parliamentary Budget Office(PBO) has warned that Kenya does not have the resources needed to deal with a fully blown COVID-19 outbreak. A large chunk of Revenues [...]Protecting the Informal Sector is Key when Tackling COVID-19
As Kenya moves to contain the spread of the COVID-19 virus, the most vital yet vulnerable segment of the economy, the informal sector, are the most threatened. According to the [...]Kenya Receives KSh5 Billion from World Bank to Combat COVID-19
The World Bank has approved Ksh5 billion immediate funding to support Kenya's response to COVID19 pandemic. The project dubbed Kenya COVID-19 Emergency Response Project will provide emergency funding for medical [...]March Inflation Slightly Drops to 6.06%
Inflation in March dropped to 6.06%, compared to 6.37% inflation rate recorded in February. The Kenya National Bureau of Statistics (KNBS) included new items such as mobile phone airtime, pay-TV [...]
