ECONOMY

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

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.

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

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.

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

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

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

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