Credit rating uptake in Kenya has been on the rise as more lenders gradually adopt the risk-based lending mechanism.
According to the Credit Reference Bureau (CRB) Regulation
2020, lenders are mandated to use a customer’s credit score when appraising a
credit application and in determining the interest
The World Health Organization (WHO) has sounded an alarm with revelation that exposure to air pollution causes at least seven million premature deaths per year globally.
to WHO, the burden of disease is attributable to air pollution is now on a par
with other major global
The National Environment Management
Authority (NEMA) has served the China Roads and Bridges Corporation (CRBC) with
an Environmental Restoration Order.
According to the Authority, a compulsory
inspection done between August 30 and September 3 this year along the Expressway
construction site, composites and its respective sites within Nairobi, Kiambu
Amani National Congress Party Leader and 2022 presidential
aspirant Musalia Mudavadi has called on Kenya and various stakeholders to promote
an all-inclusive economic strategy.
Mudavadi whose campaign focuses on reviving and growing the
economy, questioned why Kenya’s manufacturing sector was losing factories to
other countries in the region including Rwanda.
Kenya’s economic performance is still low despite the government’s move to rebase its national accounts that resulted in an expanding economy.
In 2019, total Gross Domestic Product (GDP) was revised by 5.3
percent from Ksh.9.7 trillion in the old series to Ksh.10.3 trillion, while the
Kenya’s volume of trade dropped in 2020 to Ksh.2.29 trillion
from Ksh.2.4 trillion in 2019 following the report of the COVID-19 virus
globally that led to countries closing down their borders in an effort to
contain the virus.
In 2020, the value of Kenya’s imports was at 1.64
Despite the hard-economic times experienced
globally, Kenyans abroad sent more money back home.
According to the latest economic survey by the
Kenya National Bureau of Statistics (KNBS), diaspora remittances remained
robust and increased by 14.3 percent from Ksh.289.5 billion in 2019 Kenyans to
Ksh.330.8 billion in 2020.
In July this
The County Government of Laikipia has reported an improved
performance in its economic outlook.
According to its latest report, Laikipia County Statistical
Abstract, the county’s Gross County Product (GCP) increased by 0.05 percent
between 2019 and 2020.
According to the report, the county’s chief contribution to the National Government’s
Kenya is set to host the 2021 Magical Kenya Travel Expo
(MKTE), largest tourism fair in the region, virtually between October 5, and 6,
Last year, Kenya was forced to postpone the annual event due
to the COVID-19 pandemic.
This year, the event will bring together domestic, regional
Over 20,000 school children across all the 47 counties are
set to receive reflective sashes through a pedestrian visibility campaign
launched by Automobile Association (AA) of Kenya.
Through the campaign, the association is pushing to reduce
the number of road accidents victims among children and teenagers that make up