Topic: GDP
Kenya’s debt soars to Sh10.8 trillion as pressure on finances mounts
Dec 19, 2024 at 12:15 PM
Kenya’s public debt has surged to Sh10.8 trillion, as reported by the Central Bank of Kenya (CBK) in its latest September 2023 data....
Kenya’s Sh898 billion borrowing in 2023-2024 FY signals deepening debt crisis
Dec 10, 2024 at 10:07 PM
Kenya’s insatiable appetite for loans has added 36 new foreign debts worth Sh898 billion to its books during the 2023-2024 fiscal year, according to the Africa Centre for Open Go...
Kenya’s Special Economic Zones created 7,000 jobs, pumped Sh91 billion to GDP
Nov 28, 2024 at 03:46 PM
Kenya’s Special Economic Zones (SEZs) have emerged as vital engines of economic transformation, contributing over Sh91 billion to the nation’s Gross Domestic Product (GDP) and ...
NCBA projects Kenya’s GDP growth will remain steady at 4.8 per cent in 2025
Nov 08, 2024 at 07:15 PM
In a clear show of optimism, NCBA Group has forecasted Kenya’s GDP growth to remain steady at 4.8 per cent through 2024 and 2025, driven by stabilising economic conditions and fa...
-1729719554.jpg)
Govt moves to address affordability of device to stimulate digital economy
Oct 24, 2024 at 12:41 AM
Device affordability remains a significant hurdle in Kenya's journey towards digital transformation, prompting the Government's renewed commitment to address this issue....
Sectoral struggles cause slump in Kenya's economic growth in Q1 2024
Jul 03, 2024 at 08:41 PM
Kenya's economy expanded by a mere 5 per cent in the first three months of 2024, marking a 0.5 percent growth decline compared to the previous year due to challenges facing various...
Formal credit access eludes majority of Kenyan MSMEs, report reveals
Jun 07, 2024 at 10:12 PM
A recent study by pan-African market insights firm Stears reveals that only 1.1 million out of Kenya's 7.4 million micro, small, and medium enterprises (MSMEs) have access to forma...
KNCCI, Cereal Growers Association raise concerns over new export levy by AFA
May 31, 2024 at 11:59 AM
The Kenya National Chamber of Commerce and Industry (KNCCI) and the Cereal Growers Association (CGA) have voiced significant concerns over the recent imposition of a 0.3 per cent l...
Local manufacturers raise concerns over proposed tax policies in Finance Bill 2024
May 20, 2024 at 06:23 PM
The Kenya Association of Manufacturers (KAM) has expressed cautious optimism regarding the government's initiatives to propel the manufacturing sector's growth....
KRA reports significant shortfall in revenue collection for Fiscal Year 2023/24
Feb 19, 2024 at 11:16 AM
Kenya Revenue Authority (KRA) faced a significant shortfall in revenue collection, reporting a total of Sh1.27 trillion in the first half of the financial year 2023/24, ending in D...
-1684490708.jpg)
Economic woes, parliamentary drama unfold as NG-CDF funds remain elusive
Dec 06, 2023 at 11:20 PM
In a heated session before the Finance Parliamentary Committee on Wednesday, Treasury Cabinet Secretary Njuguna Ndung'u disclosed the challenges facing the government in releasing ...
 (1)-1701072250.jpeg)
NCBA fetes dealers, insurance agents, brokers in 17th edition of Johari Awards
Nov 27, 2023 at 11:15 AM
In a dazzling event held at NCBA House, the NCBA Group marked the 17th edition of the Johari Awards, a testament to the institution's enduring success in Kenya's financial landscap...
Kenyan businesses struggle as tax compliance drops to 15 per cent
Oct 20, 2023 at 03:02 PM
Statistics obtained from the Kenya Revenue Authority (KRA) reveal a troubling economic landscape for Kenyan businesses, as an alarming 85 per cent of companies operating in the cou...
Data-driven compliance key to Africa's mobile money and remittance growth
Sep 11, 2023 at 11:56 AM
The market for digital financial services in Africa is undergoing a significant expansion, presenting opportunities and challenges for the continent's economic development....
William Ruto: Every Kenyan with an ID card should have a KRA PIN number
Oct 28, 2022 at 05:31 PM
President William Ruto has said all Kenyans above the age of 18 should have the Kenya Revenue Authority (KRA) Personal Identification Number (PIN)....
William Ruto: Government should never borrow to finance recurrent expenditure
Sep 29, 2022 at 05:55 PM
President William Ruto has said the government should not borrow money to finance recurrent expenditures....
Kenya's economy grew by 10 per cent in second quarter of 2021 - KNBS
Nov 11, 2021 at 08:16 AM
The country’s GDP has realized a 10.1 per cent growth during the second quarter of the financial year as the economy has sprung back to life....
Jumia's first Africa E-Commerce Index shows shift in online consumer behaviour
Oct 28, 2021 at 10:42 AM
COVID-19 led to a surge in the use of digital solutions, including e-commerce. This was particularly demonstrated with domestic sales rather than cross-border e-commerce. ...
