ECONOMY

The suspension of digital lenders from CRB reporting had seen a massive decline in the volumes of loans they issued. According to the industry lobby - the Digital Lenders Association of Kenya (DLAK) - the value of loans issued each month fell by over 50% to Ksh2 billion.

The experts say they know their recommendations are probably the most demanding and ambitious yet, but warn that time is running out.

Having undertaken extensive integrity adjustments at KEMSA, prospective suppliers to the Authority, including local manufacturers and disadvantaged groups (AGPO), will also be required to maintain high ethical operating standards.

The KRA has identified segments with high potential for growing revenues, including online businesses, informal small-scale trade, real estate (landlords) and HNWIs.

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.

Kenya is among the 25 countries that signed a joint declaration seeking to enhance mechanisms for the mass production of decent and affordable housing...

As outlined in a recent policy brief, increased access to clean cooking has tremendous positive benefits for Kenyan households and society, including reductions in smoke-related illnesses and deaths, household time savings, mitigation of climate change, and improvements in local environmental quality.  

The Kenya Export Promotion and Branding Agency (KEPROBA) on 4th July 2021 flagged off goods worth Ksh62,891,433 to Dubai as part of preparations for...

Airtime has become the top expenditure in many households, toppling rent in the basket of goods that determine the cost of living in Kenya, according to Kenya National Bureau of Statistics (KNBS) report of April 2020. Naturally, this means any change in airtime prices will have a direct impact on the cost of living and so Kenyans must be braced for tough times ahead.

During the launch, KEPSA affirmed private sectors commitment to accelerate and strengthen private sectors participation in integration, implementation and reporting of SDGs for “Building Back Better” through green business strategies and models.