Author: Muindi

Kenya’s monthly inflation slowed by 0.1 per cent to 7.9 per cent in June from the previous month due to the high cost of food and non-food items. The latest Kenya National Bureau of Statistics (KNBS) Consumer Price Index (CPI) and inflation rate for June show that inflation dropped from 8 per cent in May. Year Month Annual Average Inflation 12-Month Inflation 2023 May 8.78 8.03 2023 April 8.71 7.90 2023 March 8.59 9.19 2023 February 8.30 9.23 2023 January 7.95 8.98 2022 December 7.66 9.06 2022 November 7.38 9.48 2022 October 7.48 9.59 2022 September 6.81 9.18 2022 August…

Non-smartphone owners in Kenya will access government services through GavaExpress when seeking government services. GavaExpress is modelled along Huduma Centres and will provide services in rural areas, unlike Huduma Centers which are primarily based in county headquarters. “Unlike Huduma Centers that are primarily based in county headquarters, Gava Express will provide services at the grassroots,” President William Ruto said during the launch of the eCitizen portal. “The digitisation of Government will enhance accessibility, efficiency and inclusivity in service delivery by eliminating corruption, wastage and discrimination,” emphasised the President. https://twitter.com/WilliamsRuto/status/1674763746764283905?s=20 GavaExpress will be driven in partnership with the private sector and…

The Anzisha Prize has launched a new online digital resource library called Anzisha.org. The library is a free-to-use one-stop shop for all entrepreneurship curriculum development tools and publications. It provides access to e-books, research, articles, videos, audio, magazines, and newsletters featuring insights and best practices that are uploaded regularly onto the platform. “Resources such as case studies and films, for example, can help teachers to enrich lesson plans or project assignments. Similarly, young entrepreneurs can use the resources for professional development while youth entrepreneurship programme managers can use the assets to convince donors why their programmes deserve support with evidence…

The Central Bank of Kenya (CBK) has increased the base lending rate to 10.5 per cent to curb inflation from 9.5 per cent in May. “The Committee noted the sustained inflationary pressure, the increased risks to the inflation outlook, the elevated global risks, and their potential impact on the domestic economy,” CBK Governor Kamau Thugge said in a statement. “The MPC thus concluded that there was scope for further tightening of monetary policy to anchor inflation expectations,” Thugge added. “Overall inflation is expected to remain elevated in the near term, mainly due to the recent increase in electricity prices, the…

The Communications Authority of Kenya (CA) has partnered with Huawei and the Kenya Cybersecurity Forensics Association to launch a cybersecurity hackathon and Bootcamp. The two series of events will be held in Nairobi and various towns across the country including Kisumu, Mombasa, Nyeri and Eldoret. Over 6,000 students have signed up for online training and the top 100 from each of the five regions will attend the regional finals that will be held in conjunction with university partners in Nairobi, Nyeri, Eldoret, Kisumu and Mombasa. As many businesses and institutions become digitized, the scope to which online platforms and technologies…

The Central Bank of Kenya governor, Kamau Thugge will host his inaugural Monetary Policy Committee (MPC) on June 26. It, however, did not disclose the agenda. “The Monetary Policy Committee will hold its meeting on Monday, June 26, 2023,” the tweet posted Friday evening reads. https://twitter.com/CBKKenya/status/1672259120659931139?s=20 In May, the MPC retained the base lending rate at 9.5 per cent against a backdrop of continued global uncertainties, a weak global growth outlook, easing inflationary pressures, and geopolitical tensions. The overall headline inflation has remained above the CBK target range of 2.5 per cent -7.5 per cent for the past one year,…