KenyaEconomy

Kenya's Economy Hits a Bump: Growth Slows to Nearly Four-Year Low

3 months ago

Kenya's economic growth has taken a significant hit, as the country reported a slowdown in its Gross Domestic Product (GDP) expansion during the third quarter of 2023. The latest data indicates a rate of just 3.1%, marking the slowest growth since 2020. Analysts and economists are expressing concerns about the factors contributing to this downturn, which may have far-reaching effects on one of East Africa's largest economies.

Kenya’s Largest Bank Reports Strong Income Growth Amid Ongoing Bad Debt Challenges

4 months ago

In a recent financial disclosure, Kenya's largest bank has reported a significant surge in income, showcasing resilience amidst a backdrop of rising bad debts. The latest figures indicate a robust performance in key income-generating areas, although the challenges associated with non-performing loans remain a critical concern for the institution.

Kenya's Economic Adviser Raises Concerns Over Continued IMF Aid

5 months ago

In a significant development regarding Kenya's economic strategy, one of President William Ruto's top economic advisers has voiced serious reservations about the nation’s dependency on International Monetary Fund (IMF) assistance. This statement comes amidst an ongoing discussion on the necessity and implications of securing yet another IMF loan package.