Kenya plans austerity measures to significantly narrow its fiscal deficit in the year through June 2026, as it eyes a new ...

CBK governor Kamau Thugge noted that the IMF is willing to offer new access to loans after Kenya meets set conditions for the ...

The IMF estimates Kenya’s gross domestic product (GDP) will rise to $132 billion in 2024, overtaking Ethiopia’s expected $117 ...

The conditions set by the IMF come after the government faced protests last year when it tried to expand taxes aggressively.

President William Ruto has defended his administration's controversial economic decisions, saying they are bearing fruit and have positioned Kenya among the leading economies in Africa, according to ...

President William Ruto's administration intended to borrow KSh 355.5 billion in external financing for the current fiscal ...

Kenya has set a three-year roadmap (July 1, 2024 to June 30, 2027) to consolidate all government assets and liabilities into ...

Kenya plans to limit its fiscal deficit to 4.5% of GDP in 2025/26, revising the budget to address economic challenges.

The IMF expects the Kenyan economy to grow at a slower pace of 4.81 percent compared to an earlier estimate in October, 2024.

Kenya is negotiating an increase in electricity imports from Ethiopia by 50 to 100 megawatts (MW) to address rising domestic demand and avoid potential power ...

Despite the new development, concern is still rife as global factors threaten to stifle projected development.

Following the devaluation of Ethiopia's currency, Kenya is on course to surpass Ethiopia as the region's largest economy by ...