Blogs

The first Russia-Africa Summit took place in the Black Sea resort of Sochi, Russia on 23–24 October 2019 in which the Russian and African leaders discussed strategic cooperation between the two sides on areas of mutual interest, including trade, investment, energy, development cooperation, technical cooperation, building partnerships and identifying new areas and forms of cooperation. […]

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

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

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

The Constitution of Kenya in 2010 ushered in a decentralized system of governance comprising a national government and 47 county governments. This forms a two-tiered   system   of government in which the sovereign power of the people is exercised at the national and county levels. The new system features significant administrative and political devolution, in addition

Revenue Sharing Stalemate between National Government and County Governments Background The Constitution of Kenya 2010 introduced a two-tier level of government: i.e. The National government and the County governments. The devolved system of government is the cornerstone of the Constitution and its implementation brought a major policy shift on how resources are shared in the

Women in Kenya have remained behind their male counterparts in many spheres, including access to information. This is besides the societal expectation of women’s roles as caretakers, educators, health providers, farmers, and as part of the labour market, inclusive of the informal sector. Unempowered women are unable to fully participate in socioeconomic activities and fully

Globally, there is no standard definition for Micro, Small and Medium-Sized Enterprises (MSMEs). However, key attributes that are considered when defining them include the number of employees, turnover and capital. In Kenya, MSMEs are variously defined in different contexts. They are defined as enterprises that have 1-99 employees. Micro enterprises have less than 10 employees;