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By: Victor Mochere | January 16, 2018

In 2017, Kenya’s economy kicked off with fears of a decline due to heated political temperatures pegged on elections slated for August that year. The GDP growth in 2017 was initially projected at 5.9% but later reduced to 5.5% which again was cut to 5.0%, amid speculations that the growth will worsen due to the highly charged and divided forthcoming elections. This growth was however to be sustained by continued low international oil prices; continued stability of the Kenya shilling (KES); improved security as a boost to tourism; and continued reforms in governance and justice. The National Treasury later announced a drop in revenue collections for the first four months of the 2017/18 (July-June) fiscal year that had fallen short by Ksh 40 ...

Category: Economy 

Tags: Kenya 

By: Victor Mochere | March 24, 2017

When you hear of cryptocurrency or crypto coins the first thing that will pop up in your mind is Bitcoin. Well, I guess you know about Bitcoin. But have you ever thought why Bitcoin is most preferred for black market online activities as a method of payment. One good reason is the presence of cryptic currency on their platform. Well, cryptocurrency is a medium of exchange that uses cryptography to control creation of additional currency and secure transactions. It is a form of digital currency or asset that was first introduced by Bitcoin in 2009 as a decentralized mode of payment thus they use decentralized control as opposed to centralized control used by banking systems and electronic money (e-cash). Though the emergence of cryptocurrenc...

Category: Economy 

Tags: Money 

By: Victor Mochere | January 16, 2017

Last year, 2016 the Kenyan economy struggled to maintain a steady though staggering growth beating all odds to emerge as one of the fastest growing economies in the region. The World Bank in March 2016 through its Kenya Economic Update (KEU), had projected the country's economic performance to grow by 5.9% in 2016 up from 5.6% in 2015, and expected to hit 6% in 2017. The report attributed this growth to low oil prices, good agriculture performance, supportive monetary policy, and ongoing infrastructure investments.


As per the Kenya National Bureau of Statistics (KNBS)'s 2016 quarterly reports; in the first quarter 2016, the economy rose by 5.9% compared to 5.0% for the same quarter in 2015. As for the second quarter, the economy grew by...

Category: Economy 

Tags: Kenya