Central to the impasse is Kenya’s delayed passage of the Conflict of Interest Bill, which seeks to establish stringent accountability measures for politicians and public officials.
For a worker earning Sh30,000 monthly, the World Bank’s proposed exemption would increase net pay by Sh956.25, bringing take-home earnings to Sh27,150 from the current Sh26,193.75.
A worker earning Ksh 1 million monthly would see their take-home pay reduced by Ksh 12,123 to Ksh 646,805, while someone earning Ksh 800,000 would face a reduction of Ksh 7,325.
Kenya’s economy is projected to face its worst performance in recent years, with the gross domestic product (GDP) growth expected to slow to 4.7 per cent in 2024, which is slower than 2023’s growth of 5.6 per cent. This is closer to the country’s pre-pandemic average of 4.6 per cent recorded between 2011 and 2019. […]
The World Bank’s International Finance Corporation (IFC) has divested from Bridge International Academies (BIA) amid pressure from education stakeholders that the low-cost private schools are for profit. This move also comes amid reports of scandals that have been reported surrounding BIA and a series of serious complaints to the IFC’s independent accountability mechanism, the Compliance […]
The World Bank has blacklisted a Kenyan consultancy firm that has undertaken several multi-million shilling projects for top government agencies over fraud. The multilateral lender said an investigation conducted by the it’s corruption-fighting unit had established that Nairobi based Africa Development Professional Group (ADP), that says its provides “consultancy and advisory services on management, investments, […]
Water charges are set to go up ten times after the State increased the regulatory charges on water companies tenfold to cover bulging maintenance and operational charges. This is after Water, Sanitation and Irrigation Cabinet Secretary Sicily Kariuki published World Bank-driven regulations which raised user charges from 50 cents per cubic metre to Sh5 for […]
Kenya’s largest age cohort is between 10 and 14 and will be joining the labor force over the next decade. This inflection point coincides with the country’s effort to steer towards economic recovery from the COVID-19 crisis. Can the jobs and labor market keep up to deliver on this socio-economic dividend? The latest Kenya Economic […]
Debt ridden Kenya has once again raised Sh108 billion ($1 billion) in a fresh Eurobond. The bond issued at an interest rate of 6.3% for the 12-year bond is the fourth sovereign debt to be floated by the country under President Uhuru Kenyatta’s administration since 2014. The National Treasury reported that the offer that was […]
Yesterday, Kenya Insights wrote about how the taxpayers are going to lose sh38 billion paid out as security advances and insuarence of sub-contractors of stalled and most not yet started dam projects. And today according to MPs’ report, the Chinese firm awarded the Governments tender to develop Sh37 billion Thwake Dam project had been blacklisted […]
