The World Bank estimates Kenya’s economy to grow by 5.5 percent this year, an upward revision from December estimates of 4.9 percent. “Notwithstanding the more adverse external economic environment, the growth projection for 2022 has still been upgraded to take into account the stronger than expected
The financing of President Uhuru Kenyatta’s final budget will attract higher taxes on common household commodities as he vacates office in August this year. As shown Finance Bill for 2022, Flour, alcohol, chocolates, and beauty products are among the items to receive higher taxes. Wheat, maize,
The Government has projected a growth of six percent for the fiscal year 2022/2023. This is against a backdrop of an economy recovering from the COVID-19 pandemic, rising costs of debt, projected drought, rising cost of goods, and elections, among other factors. The plan to achieve this
President Uhuru Kenyatta has called on the International Finance Corporation (IFC) and other World Bank constituent financial institutions to provide more support to the private sector to spur Kenya’s economic growth. The President said IFC has the potential to help in making Kenya a lucrative investment
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 2016 base
As the world fully migrates into the digital space, it is now easy to draw a line where the future of newspapers now lies. From the year 2016, newspaper readership has reduced significantly pausing a threat for the future of newspapers. In 2020, newspaper circulation declined as
