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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.

Digital Loans to Flow Once Again as CBK Backs Apps’ Return...

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.

UN Report Outlines Systemic Change Necessary for the Plastics Economy

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

KEMSA to Exorcise Ghosts of Covid-19 Graft With New Procurement Measures

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.

6,600 New Hires to be Made at KRA as Taxman Eyes...

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, 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.

Mass Housing: Kenya Signs Yaoundé Declaration

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

Lobby Welcomes Reinstatement of VAT Exemption on Clean Cooking Fuels

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.  

Kenya Releases Goods To Be Showcased At World Expo Dubai

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...

High Airtime Tax Makes It a Sin To Talk on Phone

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.

KEPSA Partners With UN, Govt to Launch Decade of Action and...

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.