Home ECONOMY

ECONOMY

Kenya is the biggest economy in East Africa and most watched in sub-Saharan Africa, being the regional business hub. BT brings you comprehensive coverage of the various economic sectors.

President Uhuru Kenyatta’s State of the Nation Address [FULL SPEECH]

President Uhuru Kenyatta on Thursday, November 12 delivered his seventh State of the Nation Address at Parliament buildings, Nairobi.

Kenya’s Tourism, Battered By Covid-19, Is Getting Back Its Groove

Kenya’s tourism industry, as it were, contributes 10% of economic output and employs over two million people, a large percentage of whom lost their jobs due to the pandemic. Data from the Ministry of Tourism shows the sector raked in Ksh163.5 billion in 2019 and is projected that the figure would grow by 1% in 2020. International visitors fell to fewer than 500,000 in the first 10 months of 2020 as compared to 1.7 million in the same period in 2019, leading to a loss of Ksh100 billion.

Rogue Saccos Face Closure as CS Munya Cracks Whip

He claimed that officials of the saccos were refusing to sign crucial documents to allow farmers to benefit from the fund.

November Inflation Highest Since April at 5.46 Per Cent – KNBS

It was the highest figure recorded since April, at the onset of the Covid-19 pandemic in Kenya, when the rate stood at 6.01 per cent.

KRA forecasts 40% growth in tax collection on increased compliance

The Kenya Revenue Authority (KRA) is projecting a 40% growth on the rate of tax returns compliance this year with more than 4 million...

Five Ways to Get Kenya’s Economy Out of COVID-19 D********n

The government has the largest role to play in helping navigate the economy through this pandemic in conjunction with the Central Bank.

Kenya Transitioning to a Circular Economy: KEPSA Report

Now more than ever, we must address the global challenges posed by the current linear economy, according to the report. This will reduce pressure on natural resources and will create sustainable growth and green jobs. It

Uhuru Changes Curfew Hours, Suspends Rallies

Uhuru spoke after a day-long meeting of the National and County Governments Coordinating Summit, where Governors called for a return to original containment measures.

Government struggling to sustain salaries over ballooning debt

Despite assurances from President Uhuru Kenyatta and Treasury Cabinet Henry Rotich that the country’s debt is sustainable, the controller of the budget has taken...

CBK Maintains Base Lending Rate After Back to Back Cuts

CBK says its interventions have eased pressure on borrowers and allowed banks the wiggle room to manouvre