March inflation drops to 5.7% on lower fuel cost
Kenya’s inflation rate saw a decline in March 2024, easing to 5.7 percent from 6.3 percent in February, according to
Read MoreKenya’s inflation rate saw a decline in March 2024, easing to 5.7 percent from 6.3 percent in February, according to
Read MoreIn January, Kenya experienced a marginal increase in inflation to 6.9 percent, primarily attributed to a surge in food prices.
Read MoreThe word music appears just once in Kenya’s 510-page Economic Survey 2023, perhaps an indication of the loud but minuscule role the segment plays in the country’s economy. Despite its enormous potential, the music industry remains a footnote in Kenya’s economy only featuring lumped under the broad arts, entertainment, and recreation segment. The survey statistics show that the arts, entertainment, and recreation GDP contributed Kes28 million to Kenya’s wealth last year. Although the music industry is struggling in Kenya, signs of success have began streaming in as Kenyan artists push through digital platforms in search of the Afrobeat and Amapiano success, and the taxman cannot…
Read MoreThe other day through an idle drive NyarSindo asked me my opinions about vasectomy. I told her my grandfathers would be shuddering if they would even hear her contemplate ending the long line of Manyala’s, risking the link onto the next generation. Vasectomy is not popular in Kenya, with just about 557 Kenyan men who walked into the doctors last year and had the procedure, according to the Economic survey. The lower uptake is mainly blamed on misconceptions about whether it is reversible or not, and cultural significance of a man’s manhood. After, I asserted how as a custodian of our culture, I would not…
Read MoreKenya Power looks set to review its tarrif rates to remove subsidies on small consumers which the company blames for saddling other users with a heavy burden. In his first briefing with the media, the new Kenya Power Managing Director and CEO Joseph Siror said only 4,000 consumers out of the 9 million users gives the company almost half- 40 percent- of its revenues. These larger consumers were shouldering the burden of subsidizing 7.5 million low end users, providing justification for scraping the subsidies. Electricity tariffs were reviewed in January last year to effect a 15 percent reduction by the Uhuru Kenyatta administration to ease…
Read MoreThe number of ships docking at the Port of Mombasa decreased by 4.5 percent to 1,561 in 2022 reflecting decreased activity in Kenya’s transport sector during the year. The slowdown in the sector’s growth was partly on account of a decline in total cargo throughput at the Port of Mombasa by 1.9 percent to stand at 33.74 million metric tonnes in 2022. The latest data from the Kenya National Bureau of Statistics shows that import cargo traffic went down by 2.3 percent to 26.7 million metric tonnes in the year under focus when the country’s real GDP expanded by 4.8 percent on shrinking agricultural output….
Read More