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
Author: David Indeje
David Indeje
David Indeje is the Community Engagement Editor at Khusoko, East Africa’s leading digital business news platform. He shapes editorial content, drives audience engagement, and amplifies diverse voices. Beyond journalism, he consults on digital strategy across agriculture, governance, technology, and health, while examining AI’s role in the future of media. He also serves as Communications Officer at KICTANet, advancing digital inclusion and policy dialogue.
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
Swvl has over 1,330 employees and laying off 32% of its workforce means that over 400 people will lose their jobs.
Kenya’s inflation surged to a new record of 7.1 percent in May as the cost of fuel, food and beverages continue to rise sharply. Tuesday, the Kenya National Bureau of Statistics (KNBS) data showed that the overall year-on-year Inflation rate for May 2022 was 7.1 percent compared to 6.47 percent recorded in April 2022. “The rise in Kenya’s inflation was mainly due to an increase in prices of commodities under; food and non-alcoholic beverages (12.4 percent); furnishings, household equipment and routine household maintenance (7.9 percent); transport (6.4 percent) and housing, water, electricity, gas and other fuels (6.0 percent),” KNBS in…
This is the first interest rates hike by the Central Bank of Kenya’s Monetary Policy Committee since July 2015.
The MPC has maintained the Central Bank Rate (CBR) at 7.00 per cent for the thirteenth consecutive time.