Browsing: William Ruto

Kenya's debt situation

Kenya is one of 23 African nations at risk of debt distress. The major causes of debt distress include poor fiscal management and macroeconomic frameworks to sustain growth, a shift in debt structure toward more costly financing sources, and excessive government expenditure levels.

Kenya’s debt was at about 70 per cent of GDP in 2021, up from 50 per cent in 2015. China is Kenya’s biggest bilateral creditor. It accounts for 67 per cent of the bilateral debt (primarily for infrastructure projects), an increase from 13 per cent in 2011.…

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Some worry that monetary policy is still excessively accommodating, given that rate hikes have not matched inflation. Policy cooperation may be beneficial. Fiscal consolidation and a mix of rate rises and currency depreciation may play a role in nations where policy is overly permissive.

The shaky recovery in Sub-Saharan Africa, coupled with domestic demand constraints, has not significantly fueled inflation so far. However, in the coming months, governments and policymakers must carefully monitor and prioritise tackling the rising inflation in Africa.…

Kenya has not been left behind in the growth and development of technology. East Africa’s richest economy stands tall in the development of digital technology. However, a lot needs to be done, and the new administration has enough space to execute its plan regarding the advancement of the Kenyan digital space.…

The Treasury has directed Cabinet Secretaries and CEOs of parastatals to draft the 2023 budget for the fiscal year beginning July 2023 based on policies implemented by President Uhuru Kenyatta’s government, despite uncertainty about when the next Head of State would take office after Raila Odinga filed a petition at the supreme court.…

  • Kenya’s polls will determine how the country’s stalling economy rebuilds following the devastating coronavirus outbreak and the anxiety to achieve a calm democratic process
  • Whoever triumphs will receive a weak economy and a disgruntled people amid a domino effect of Covid-19, famine, and the Ukrainian conflict, which has disrupted fuel, wheat, and fertilizer supplies and exacerbated an extreme famine situation in East Africa.
  • The President-elect must address Kenya’s unsustainable budget imbalance.

Kenya Elections 2022 date

Kenya will conduct a general election on August 9, 2022, with adjustments to all political offices in the government, including parliament, senate, and the Presidency.

Kenya’s polls will determine how the country’s stalling economy rebuilds following the devastating coronavirus outbreak and the anxiety to achieve a calm democratic process. With all of its diplomatic and economic might in the region, Kenya’s election has far-reaching ramifications for East Africa’s development and growth.

Scores of foreign corporate

  • Kenya’s economy is expected to expand the fastest in 2022 despite this being an electioneering year
  • This is a much better performance than any other since the onset of the multiparty system 20 years ago
  • It is estimated and expected that the economy will grow by 5.4 per cent by the time we get to September 2022

Kenya Economy

A projection of global economists has suggested that Kenya’s economy is expected to expand the fastest in this electioneering year despite not knowing who will win the 2022 election in Kenya.

This growth is more than any other since the onset of the multiparty system 20 years ago shrugging off politics in Kenya 2022.

This increase, they say is supported by increased expenditure and also the need for more human resources to run campaigns with the introduction of features like social media campaigns which also is a way of collecting revenue.…