Kenya’s National Treasury has projected an overall budget deficit of 5.0% for the 2019/2020 fiscal year from a revised deficit of 6.3% of GDP in the 2018/19 fiscal year according to Draft 2019 Budget Policy Statement. “The deficit is projected to decline from 7.2% in FY 2017/18 to 6.3 in FY 2018/19 and further to 3.0% of the GDP in FY 2022/23,” said Treasury. Henry Rotich, the Treasury CS says, “The fiscal policy in this BPS targets to support rapid and inclusive economic growth while ensuring a sustainable debt position and lower fiscal deficits.” The BPS is themed ‘Harnessing “The…
Author: David Indeje
David Indeje
David Indeje is the Community Engagement Editor at Khusoko, East Africa’s leading digital business news platform. He shapes editorial content, drives audience engagement, and amplifies diverse voices. Beyond journalism, he consults on digital strategy across agriculture, governance, technology, and health, while examining AI’s role in the future of media. He also serves as Communications Officer at KICTANet, advancing digital inclusion and policy dialogue.
The Central Bank of Kenya, on behalf of the government, has put on offer two new issues of 2-year (FXD 1/2019/2) and 15- year (FXD1/2019/15) fixed coupon treasury bonds this January. The amounts raised will go into supporting the country’s 2018/19 fiscal budget. According to the Central Bank of Kenya, the Bonds are subject to withholding tax at the rate of 15% for the two-year bond and 10% for the fifteen-year bond. The bank will receive bids for the bond until Tuesday, 22nd January 2019 and auction it on 23rd January 2019. According to Faith Atiti and Stephanie Kimani, CBA…
Maxhosa designs showcase the Xhosa people’s beauty, culture, language and aspiration. It has evolved to become a leading African lux, premium and mass heritage fashion and lifestyle brand.
The recent uptick in Kenya’s visitor numbers has gained momentum, new data revealed on Monday, with 37.33% growth in visitor arrivals year ending 2018. Statistics released by the Tourism Ministry showed that in 2018 more than 2,025,206 million visitors arrived in Kenya compared to 1,474,671 witnessed in 2017. Of those, 3.57 million, or 77%, were from the mainland. This accounted for KSh157 billion compared to KSh119.9 billion earned the previous year. “Tourism performance for the year 2018 has seen substantial improvement compared to 2017 in both tourism arrivals, domestic tourism performance, and earnings,” says the Tourism Sector Performance Report 2018.…
Forget fleeting trends and occasional glam-ups. For Fatuma Mohammed, founder of Phat Styles, looking good is a daily mantra, a whispered promise to yourself that echoes in every confident step you take. It’s not about conforming to the latest runway craze, but about cultivating a personal style that resonates, whispers your story, and amplifies your inner magnificence. “Imagine looking good,” Fatuma whispers, “not just for that big event, but every single day. Because when you feel good, you do good.” And it all starts with your image, your brand, and that silent handshake that tells the world who you are and…
The Kenya Medical Practitioners and Dentists Board (KMPDB) has lifted the prohibition on post-abortion care at Marie Stopes clinics, affirming that the clinics perform the procedure in accordance with the law. However, Marie Stopes has been warned by Prof. George Magoha, Chairman of KMPDB, against providing abortion services on demand. He stated, “Marie Stopes Kenya is instructed to operate within the confines of the Constitution of Kenya.” Marie Stopes Kenya is also required to submit a letter of commitment to adhere to this order within the next seven days. Sicily Kariuki, Cabinet Secretary Ministry of Health, directed the KMPDB to…