Kenya

This tag is associated with 47 posts

Kenya: Why The Recalibration Of The Banking Sector Is Good

By Anzetse Were Kenyans have been shaken by the number of bank closures over the past few months. The first was Dubai Bank in August 2015, Imperial Bank in October 2015 and more recently Chase Bank. Kenya’s most recent story in the banking sector from a development point of view was how it expanded financial … Continue reading

More Troubles May Lie Ahead For Nigeria As MSCI Weighs Removal From Index

More troubles may lie ahead for Nigeria, Africa’s largest economy, as global equity index provider MSCI is considering dropping the nation from its benchmark Frontier Markets Index, which could put $500 million of equity investment under threat. On Thursday MSCI announced that it’s considering removing the country from its Frontier Markets Index, blaming currency restrictions imposed by … Continue reading

Renewable Energy: A Bright Spot For Africa

By Anzetse Were As the world begins to respond to the reality of climate change, generating renewable energy has become an important component of managing the issue. Indeed, the amount of money committed to renewable energy investment totalled $286 billion last year, up 5 percent from $273 billion in 2014. Interestingly the part of the … Continue reading

How Important Are Services To Economic Growth In Kenya?

By Anzetse Were A report by the Overseas Development Institute (ODI) analyses four services sectors in Kenya to determine the role of services in economic growth. The four sectors analysed are the financial sector, IT services, transport services and tourism services. The report argues that services are becoming increasingly important, even for non-industrialised countries such … Continue reading

The Kenyan Economy Continues To Exhibit Key Weaknesses That Must Be Addressed

By Anzetse Were On Tuesday last week the World Bank launched the Kenya Country Economic Memorandum with the theme ‘From Growth to Jobs & Prosperity’. Apurva Sanghi Lead Economist and Program Leader at the Bank made three core points during his presentation. The first is that economic growth in Kenya is volatile, non-inclusive and marked … Continue reading

The Implications Of The Digital Revolution For Africa

By Anzetse Were Last week the World Bank released their World Development Report (WDR) that focused on the digital revolution and how it has allowed some to reap digital dividends. These dividends are growth for businesses, job creation for people and better service delivery by government. Further digital technologies have supported development by promoting innovation, … Continue reading

The Problem With The Supplementary Budget In Kenya

By Anzetse Were Earlier this month the government drafted a supplementary budget that indicated changes in budget allocations. The general direction of the change was in cutting expenditure significantly. Development expenditure will be cut by over KES 70 billion, recurrent expenditure by KES 23 billion, local borrowing by KES 53.2 billion and tax revenue by … Continue reading

Overleveraged? County Government Borrowing In Kenya

By Anzetse Were The National Treasury has expressed concern over counties borrowing money domestically without permission from national government. In the 2014/15 Financial Year four counties borrowed a total of Sh1.9 billion, with Nairobi being the biggest borrower at Sh300 million. Technically, counties are only allowed to borrow from the domestic market to fund capital … Continue reading

The War On Cash: A Country By Country Guide

By James Corbett, Corbettreport.com Corbett Reporteers will be no stranger to the war on cash. I’ve made videos discussing it, conducted interviews about it, written articles examining it and dissected it on the radio. The war has been waged through mainstream propaganda outlets, TV advertisements and even children’s games. We’ve heard cash is dirtied by drug dealing, tarnished by … Continue reading

Why Kenya Needs To Reorient Its Economy

By Anzetse Were Kenya is an import economy and the country’s journey as an import economy has made key flaws of this economic orientation evident. One clear problem is having a chronic and substantial Current Account Deficit, secondly government has to be hawk eyed about KES depreciation to keep import bills manageable, thirdly the country … Continue reading

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