The 2024 Kenya’s Gross County Product (GCP) report published by Kenya National Bureau of Statistics (KNBS), whose aim is to update the economic size of Counties has many lessons going forward. The report is a monetary measure of the net market value of all final goods and services produced within each of the 47 countiesContinue reading “Use the latest Gross County Products (GCP) 2024 to grow county economies”
Category Archives: Uncategorized
Nairobi-Nakuru-Malaba road can be done through PPPs
President William Ruto has given a pledge for the dualling of the Nairobi-Nakuru- Eldoret-Malaba road starting next year, through Public Private Partnerships (PPPs) to ease the burden of travelers and road users of this busy and equally important road corridor. Over the past one week, we have experienced traffic gridlocks along the highway and henceContinue reading “Nairobi-Nakuru-Malaba road can be done through PPPs”
Tap Diaspora remittances for infrastructure and development financing
It is good news for the government to consider tapping into the Ksh. 500 billion diaspora bond as an alternative to finance major infrastructure works and projects, including the modernization and construction of Jomo Kenyatta International Airport (JKIA). Kenya has a resilient and reliable diaspora that is economically endowed as shown by the latest CentralContinue reading “Tap Diaspora remittances for infrastructure and development financing”
Devolution can be better in Kenya
Turf wars have been erupting between Governors and Senators over the management of County funds and in some cases, County Governors have failed to honour summons to appear before various agencies undertaking audit and accountability for use of such funds. The issue of disbursements to Counties, the handing over of devolved functions and the jointContinue reading “Devolution can be better in Kenya”
Encourage Kenyans to save more to help boost economic development and job opportunities
The latest Financial Access (FinAccess) Household survey shows that the saving rate dropped from 74 percent to 68.1 percent and nearly 60 percent of Kenyans are using the savings for repayment of loans and debts to avoid default. Savings is one way through which Kenya can build the necessary stock from which to finance itsContinue reading “Encourage Kenyans to save more to help boost economic development and job opportunities”
Involve academia and professionals in accelerating national development
Given the mixed outcomes of different policies, programmes, and projects in the country, there is need to engage academia and professionals throughout the enactment of these instruments and projects. This is because the Government of Kenya spends over 700 billion per year to run the education sector in the country, and it is not theContinue reading “Involve academia and professionals in accelerating national development”
Let counties mobilize more resources for development
The Controller of Budget has reported that on average counties spent 3 percent on development in the first three months of 2024 and 97 percent was used for all classes of recurrent expenditure. This represented a 3 percent absorption rate against the combined annual development budget of Ksh. 203 billion. The Counties Own SourceContinue reading “Let counties mobilize more resources for development”
Good move by Kenyan Banks to commit Ksh. 450 billion to support MSMES
Kenyan Banks have committed funding of Kenya shillings 450 billion to Micro, Small and Medium Enterprises (MSMEs) over the next three years from 2025. SMEs play a key role in national economies around the world, generating employment and value added and contributing to innovation. SMEs are central to the efforts to achieve environmental sustainability andContinue reading “Good move by Kenyan Banks to commit Ksh. 450 billion to support MSMES”
PPPs beneficial under effective legal, policy, institutional and administrative aspects
The National Treasury has planned to tap into the Public Private Partnership (PPP) deals to raise Ksh. 50 billion by June 2025, which is a step in the right direction because the concept enables the public and private players to work together to develop agreed programes and projects. PPP models have been embraced globally sinceContinue reading “PPPs beneficial under effective legal, policy, institutional and administrative aspects”
African and Kenyan Judiciary can support inclusive economic and political systems
Judges and jurists from all over met in Nairobi last week under the inaugural meeting of the Africa Judges and Jurists Forum (AJJF). The forum has drawn key takeaways and conclusions which should propel the continent to greater prosperity seeing that we have abundant of mineral and other resources including a youthful population. The keyContinue reading “African and Kenyan Judiciary can support inclusive economic and political systems”