Author: David Indeje

Africa Trade Barometer seeks to provide the analysis and insight to intelligently inform and grow Africa’s trade ecosystem.

A financial centre is a location that is home to a cluster of national or international financial service providers such as banks, investment managers, hedge-funds or stock exchanges.

Kenya’s Parliament on Tuesday agreed to raise the debt ceiling to KSh10 trillion from the current debt ceiling of KSh9 trillion. The Legislators approved the Public Finance Management (National Government) (Amendment) Regulations 2022 tabled by Leader of Majority Amos Kimunya. The House approved the amendment made to the Public Finance Management (National Government) Regulations 2015 (principal regulations) in regulation 26(1), by deleting paragraph (c) and substituting the following paragraph: “(c) pursuant, to provisions of section 50(2) of the Act. The public debt shall not exceed shilling 10 trillion.” The National Treasury in its Medium Term Debt Management Strategy 2022 estimates…

The World Bank on Tuesday projected a 5.5  percent collective growth for the Kenyan economy in 2022. This is an upgrade from 4.9 percent previously attributed to a stronger-than-expected recovery from the coronavirus pandemic in 2021. According to the 25th edition of the World Bank Kenya Economic Update, Aiming High: Securing Education to Sustain the Recovery, the impact of the war in Ukraine is weighing on the global economic recovery from the pandemic, the growth is higher than the estimated average growth in Sub-Saharan Africa of 4 percent. In addition, the economy is projected to grow at 5.2 percent on…

Business confidence fell to a new all-time low for the third consecutive month in May driven by uncertainty over supply chains, inflation, and the upcoming elections

Madaraka Day is marked every 1st June in remembrance of the day in 1963 when Kenya attained internal self-rule from the British colonial government