Blog

Apr
01

Composition of Domestic Debt in Kenya and Implication on Refinancing Risk

Kenya’s budgetary needs have been increasing over the years partly due to high spending on infrastructural projects. A challenge that the economy keeps grappling with is the shortfall in revenues collected against increasing public expenditure needs. This has necessitated borrowing from both external and domestic market as a way of bridging the financing deficit. Borrowing […]

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Mar
27

Why Counties Should Strengthen Structures for Management of Assets and Liabilities

Management of assets and liabilities is one of the key pillars of a Public Finance Management (PFM) system. Effectiveness in management of public assets ensures that public investments provide value for money, assets are recorded and managed efficiently, risks are identified, and debts and guarantees are prudently planned, approved and monitored. Good practice in management […]

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Mar
27

Strengthening Public Finance Management System to Support Development in Counties

Public Financial Management (PFM) is all about resource mobilization and expenditure management in the public sector. It is, therefore, an integral part of the development process. Suffice is to indicate that the involvement of the public sector in providing for various segments of society, including the under privileged, arises from the lack of motivation, incentives […]

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Feb
25

Importance of Excisable Duty in Kenya and Its Implications

Excise duty is a tax charged on specific goods and services manufactured locally or imported, on varying rates specified in the Excise Duty Act 2015. In Kenya, it is charged in both specific rate where a specific amount of tax is charged per unit of measure on an excisable product, and ad valorem rate where […]

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Feb
18

Interest Rate Cap Two Years On: Outcomes for Kenya’s Economy

On 14th September 2016, the interest rate cap law came into effect, aiming at making credit affordable to the ‘common man’. The law puts a ceiling on lending rate by banks and other financial institutions to at most 4% above the Central Bank of Kenya (CBK) base rate, known as the Central Bank Rate (CBR). […]

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Feb
18

Inclusive Growth and its Relevance in Kenya

On 12 December 2018, Kenya commemorated 55 years of independence from British rule, marking a big victory on social and political liberalization. Kenya is a lower middle-income economy striving to achieve a higher middle-income status. To get there requires accelerated economic growth and enhanced inclusiveness of this growth. This is the spirit of the Government’s […]

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Feb
10

Leveraging on Existing Legal Provisions to Deliver Adequate, Affordable and Decent Housing

The housing sector can leverage on existing legislation to steer the affordable housing agenda under the “Big Four” initiative. The target of the Government of Kenya is to deliver at least 500,000 decent, adequate and affordable housing units across major cities and towns by 2022 to bridge the annual deficit of 200,000 housing units. Over […]

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Jan
30

Revitalizing Technical and Vocational Training in Kenya

Technical and Vocational Education and Training (TVET) constitutes any form of education, training and learning activity leading to the acquisition of practical knowledge, understanding and skills relevant for gainful economic engagement, both formal and informal. A quality and relevant TVET system is, therefore, critical for national economic growth and global competitiveness as well as holding […]

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