The main talking point of his speech to the nation two weeks ago was Kenyatta’s directive asking the national Treasury to release Sh500 million to the New Kenya Co-operative Creameries (New KCC) to purchase milk from farmers, and another Sh575 million to revamp two of its processing plants in Kenyatta’s central Kenya political base. The dairy farmers’ woes are blamed on cheap milk imports from Uganda but why the Kenyan market is attracting Ugandan milk has little to do with Uganda’s demand-supply balance, and everything to do with Kenya’s consumer price which is a reflection of the market power exercised by Brookside.
In August 2019, Africa Uncensored's John-Allan Namu hosted a panel of thought leaders on the matter at hand as well as tie-ins that include devolution and the full implementation of the constitution that the country promulgated in 2010.
Blockchain technology has the necessary framework to address the challenge of accounting for human capital and allowing for democracy and the creation of knowledge in order to grow the economy. Argues BETTY WAITHERERO
Fettered with neo-liberalism, ethnic chauvinism and corruption, DAUTI KAHURA explores the colonial roots of the church and why despite fifty-five years of independence, the church in Kenya is unable to play its prophetic role in society.
China has learnt from the West’s weaponisation of sovereign debt as a tool for securing the sovereign assets and acquiescence of poorer countries. By DARIUS OKOLLA
Ugandans should be alarmed that issues settled in the 1990s are having to be revisited in 2018. By MARY SERUMAGA
The history of Kenya is a story of distracting the people of Kenya from fundamental economic reforms that would allow the Kenyan people to participate in their economy and have institutions that serve them, rather than serve the interests of Western capital and its local caretakers in government. BY WANDIA NJOYA
As the economy takes a turn for the worse, many of President Uhuru Kenyatta’s disappointed followers are seeking solace in religion. By DAUTI KAHURA
A combination of mass privatisation of key state assets and austerity measures are known to destroy the social tunnels needed to usher people into a middle-class existence. By DARIUS OKOLLA
Is Kenya's excessive borrowing constitutional? What are the implications in the grand scheme of things? Just how big is Kenya's debt?
The Elephant in conversation with Aly-Khan Satchu, the Founder/CEO of investment advisory firm Rich Management.
In addition to loans, both external and internal, plus arrears owed to suppliers (known as domestic arrears), Uganda’s debt burden is being augmented by a steadily increasing stream of court awards against the government. The judgment debt comprises awards and compensation for state-inflicted violence, unlawful occupation of property by the armed forces and others, non-payment […]
Recently, I boarded a Nissan matatu on my way to Sigona Golf Club, off Nairobi-Nakuru Highway, 17km from the city centre. Once we hit the highway, the conductor started collecting his dues. Soon an argument arose between the conductor and five of the 14 passengers: was the fare Sh50 or Sh70? The conductor insisted the […]
In President Uhuru Kenyatta's first term in office, his government pursued several multi-billion shilling infrastructure projects, something that is continuing in his second and final term. In the process, the country has racked up a lot of foreign debt since most, if not all, of these projects are funded through loans and concessions from foreign banks and governments. How viable are such projects? What's their contribution to the economic health of the country? Most importantly, are they important and what's the political connection?
“National liberation, the struggle against colonialism, the construction of peace, progress and independence are hollow words devoid of any significance unless they can be translated into a real improvement of living conditions.” ~ Amilcar Cabral, African Party for the Independence of Guinea and Cape Verde Given the disparity between Uganda’s economic growth and the increasingly precarious […]
In January 2018, at the annual Makerere University Tumusiime-Mutebile Centre of Excellence (TMCE) Business Dialogue, the Ugandan Minister of Internal Affairs, Ruhakana Rugunda, stated that Uganda was now in a position to finance 70% of its budget. However, despite the rosy declaration by the National Resistance Movement stalwart, all indications point to an economy in […]
The spread of mobile phones across Africa has been one of the continent’s success stories over the past two decades, transforming lives through better communication and simpler banking. It has also resulted in huge profits for powerful international companies – and for some of Africa’s wealthiest and best-connected individuals. But an investigation into the African interests of […]
Kenya’s fiscal policy – the means by which the government adjusts its spending levels, revenue generation and collection, and debt to monitor and influence the economy- has been a defining feature of the current administration. The three have been characterised by almost consistent features and trends. Some background information is useful. Kenya has had an […]
If you read and listen to the coalition of business groups and finance pundits in Kenya, you will by now know that the nullification of the results of the August presidential elections made Kenyans $1.2 billion poorer. This narrative is driven by the view that, for some reason, Kenya’s economy is supreme and that other […]
While the elections that took place in Kenya this month have played out like the latest episode in a familiar political drama series, the global and regional backdrop has continued to change. The pace of transformation is increasing, the big picture is blurred, and although the 2013 cocktail of ethnic alliances remained unchanged in 2017, […]
Anecdotal evidence suggests demand is falling rapidly, though BoU denies this; meanwhile, Chinese retailers are eating local traders’ lunch
A lot has changed since 1960. More than ten African countries gained independence in that year alone, and more than ten more were independent by 1966. It was a time of great expectations. The United States has been through eleven presidents since President Eisenhower first formulated a foreign policy for Africa. The one important constant […]