More than five million acres of land were taken away from the original inhabitants since Kenya's independence. But losing land is not just about losing the land itself, it's also about losing a sense of belonging and identity. This is the case for the families of the late Ndurere Muhunyo and the late Benjamin Ithinyai. The two were gifted a piece of land spanning 303 acres by their employer Fabian Wallis in Nyandarua County, but they were evicted from the land 1971 by the former GSU commandant Ben Gethi.
Kenya's economy is in serious trouble. The country's leadership has just pushed through Parliament a budget that is driven by the need to collect as much tax as possible. In fact, the government's target of Kshs 3.6 trillion in the 2023/2024 budget is Kshs 1.5 trillion more than the 2022/2023 budget. This speaks to the desperate situation that Kenya is in. But Kenya's debts don't come from thin air. This series breaks it all down. It is a story of at least a decade of mismanagement of Kenya's loans, shocking corruption and debt dependency that has led the country to this point told by auditors, analysts and insiders.
Kenya's economy is in serious trouble. The country's leadership has just pushed through parliament a budget that is driven by the need to collect as much tax as possible. In fact, the government target of 3.6 trillion shillings in the 2023/2024 budget is 1.5 trillion shillings more than the 2022/2023 budget. This speaks of the desperate situation that Kenya is in. But Kenya's debts don't come from thin air. This story breaks it all down. It is a story of at least a decade of mismanagement of Kenya's loans, shocking corruption and debt dependency that has led the country to this point told by auditors, analysts and insiders.
Kenya's economy is in serious trouble. The country's leadership has just pushed through parliament a budget that is driven by the need to collect as much tax as possible. In fact, the government target of 3.6 trillion shillings in the 2023/2024 budget is 1.5 trillion shillings more than the 2022/2023 budget. This speaks of the desperate situation that Kenya is in. But Kenya's debts don't come from thin air. This story breaks it all down. It is a story of at least a decade of mismanagement of Kenya's loans, shocking corruption and debt dependency that has led the country to this point told by auditors, analysts and insiders.
We must think of freedom and emancipation from forces that enslave and divide us. We can start this patriotic dialogue by putting in place a political leadership that cares about your humanity, a leadership that you participate in directly and not as proxies.
How do you win a public tender? Not as simple as it looks. Our latest investigation shows that the vice chair of the Senate Public Investment Committee has a network of companies that are gaming the procurement system.
As of June this year, our public debt was 6.6 trillion shillings. Each Kenyan citizen, including those born now, owes creditors at least 139,000 shillings due to public debt. So what does it mean when the government keeps getting loans? Is Kenya on the verge of a debt distress? Our latest feature, #KenyasDebtCycle digs deep into these questions seeking answers and highlighting how the appetite for foreign debt to finance infrastructure has devastated various sectors in the country.
The drivers of inflation during the COVID-19 pandemic period resulted from demand-pull inflation, cost-push inflation and money supply.
Twenty-four Kenyan financial institutions were named in the reports as either beneficiaries’ banks or banks through which companies and individuals made suspicious payments from countries that include the United Arab Emirates, Nigeria, the United Kingdom, British Virgin Islands and China.
A feature on police brutality in Kenya since the COVID-19 curfew.
Local banks are seeing a growing percentage of their borrowers falling behind or ceasing making payments on their loans. This is making it increasingly difficult for these lenders to issue new loans at a time when struggling businesses need all the help they can get.
If the new regulations by the Central Bank of Kenya put microfinance institutions under stress, low-income households’ will be unable to access credit, and their ability to maintain livelihoods will be affected.