Economy
Catholic church takes drastic steps against corruption
6th October 2019The Catholic church has taken drastic action towards combating corruption. This was in response to a request by President Uhuru Kenyatta who called upon the church and the private sector to help in the fight against corruption. political remarks in the church are prohibited; all churches will have a desk where crimes will be reported; […]
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3 billionaires discuss the future of Africa
28th September 2019Three billionaires discuss how Family Planning will play a role in Africa’s future. Bill Gates meet with two of Africa’s richest men, Aliko Dangote and Mo Ibrahim. On the agenda was the discussion about family planning and its role in the future of Africa. Africa can reach her potential in the coming years. The meeting […]
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Kenyan advertises on local daily in search for employment
10th September 2019Kenyans are innovative in ways of searching for employment. One Kenyan has gone a notch higher by advertising his/her skills on one of the local daily newspapers. This is a sign that we are in difficult times with unemployment shooting to the roof. This advert was on the back page and as you may be […]
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What is The Paris Club?
12th August 2019What is The Paris Club? The Paris Club is a group of people (read officials) representing a number of countries which give out loans. Their mandate is to formulate sustainable solutions to the countries struggling to pay their debts. After borrowing countries “debtor countries” start reforms to stabilize their financial situation, The Paris Club gives […]
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5 ways to finance public budget deficit
12th August 20195 ways to finance public budget deficit Budget deficit is when a government is spending more that it can raise in revenues over a specific period of time. There are various strategies of financing government deficits: a) Borrowing from the domestic and foreign money markets; This happens through issuing of treasury bonds, bills and securities. […]
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Judy Shelton
10th August 2019Judy Shelton Judy Shelton is President Donald Trump’s economic advisor. However, she is a black sheep in the economics field considering that she advocates for the re-adoption of the gold standard. This is a concept which was abandoned in 1971. Secondly, Judy Shelton criticizes the Federal Reserve on every turn. On July 2, 2019 President […]
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Members of Kenya Monetary Policy Committee (MPC)
6th August 2019Members of Kenya Monetary Policy Committee (MPC) According to the Central Bank of Kenya Act, “there shall be a committee of the bank to be known as the Monetary Policy Committee of Central Bank of Kenya, which shall have the responsibility within the bank of formulating monetary policy.” Members of MPC Central Bank Governor – […]
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Leissez-faire philosophy of public finance
5th August 2019Leissez-faire philosophy of public finance According to Merriam Webster dictionary, Leissez-faire is a “doctrine which opposes government interference in economic affairs beyond the minimum necessary for the maintenance of peace and property rights.” In 2008 Nicholas Sarkozy, Conservative French President, proclaimed that “leissez-faire is finished.” When governments regulate or intervene, they interfere with the natural […]
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Economic growth vs economic development
19th July 2019Economic growth vs economic development #PublicPolicySeries Many people use interchangeably the terms economic growth and economic development. These are not synonyms and as a result, let me attempt to differentiate between the two. Economic growth focuses largely on growth of Gross Domestic Product (GDP) whereas economic development focuses reducing inequality, unemployment and poverty. The diagram […]
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Building the nation
1st July 2019Building the nation I have to categorically state that this was my favorite poem while I was in high school. It still is. Poem by: Henry Barlow “Today I did my share in building the nation.I drove a Permanent Secretary to an important, urgent functionIn fact, to a luncheon at the Vic. The menu reflected […]
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Green Economy Strategy
15th June 2019Green Economy Strategy Green Economy strategy by the government aims at conserving the environment. The national government has ban on single use plastics in all protected areas such as beaches, National Parks, conservation areas and forests. This ban shall comment into effect on 5 June 2020. Wikipedia defines Green Economy as “an economy that aims […]
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How much is your county contributing towards national GDP?
19th February 2019How much is your county contributing towards national GDP? Read More: Mombasa County financial performance during first quarter FY 2018/2019 Sharing is Caring:0
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Blue economy in Kenya
7th February 2019Blue economy in Kenya This is a new concept in Kenya, but it seems the national government is committed to advancing it to higher levels. Here is what the state has said about blue economy: “On the blue economy, Kenya successfully hosted the Sustainable Blue Economy Conference in November 2018 which reflects the Government’s commitment […]
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Implementation of car-free days in Nairobi City deferred until further notice
2nd February 2019Implementation of car-free days in Nairobi City deferred until further notice The Ministry of Transport, Infrastructure, Housing, Urban Development and Public Works made a press release announcing that the planned two car-free days has been deferred to pave way for “capture of the bio-metric data of the traders using BVR kits has not been completed […]
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Nairobi City or the”Green City in the sun” under construction
1st February 2019Nairobi was known as the Green City under the sun, has anything changed?
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Meet Paulo Guedes Brazil’s economic advisor
8th November 2018Meet Paulo Guedes Brazil’s economic advisor Paulo Guedes is the new economic advisor for Brazil’s President Jair Bolsonaro. He will also work as the Minister of Economy. He is the founder of BR Investimentos which is a financial firm based in Brazil. Paulo earned his PhD in Economics from Chicago University (1978) and subsequently played […]
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International Finance Corporation (IFC) Projects in Kenya
6th October 2018International Finance Corporation (IFC) Projects in Kenya According to Manuel Moses – the International Finance Corporation (IFC) country manager- the multilateral agency is assisting refugee communities in Kakuma Refugee Camp based in Turkana County. The economy of Kakuma has been valued at USD$56 million (equivalent to KES. 5.6 billion). If Kakuma was a city, it […]
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NIGERIA’S FINANCE MINISTER, KEMI ADEOSUN, RESIGNS OVER ALLEGED FORGERY OF NYSC CERTIFICATE
15th September 2018NIGERIA’S FINANCE MINISTER, KEMI ADEOSUN, RESIGNS OVER ALLEGED FORGERY OF NYSC CERTIFICATE Nigeria’s finance minister, Kemi Adeosun, resigned over a NYSC Certificate Scandal which we will cover in full details later on. She holds a Bachelor of Science degree in Economics from University of East London as well a post graduate Diploma in Public Sector […]
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Cryptocurrencies
7th September 2018Cryptocurrencies Cryptocurrencies have attracted a lot of attention in both the academic world and by practitioners. The three most common cryptocurrencies are: a) Bitcoin b) Ripple c) Ethereum It’s is interesting to note that cryptocurrencies have no exposure to the securities/stock market associated risk factors. Cryptocurrencies can serve many functions including as a medium of […]
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Can governments default on sovereign debt?
6th September 2018Can governments default on sovereign debt? “A long-held view by some investors is that governments rarely default on local or domestic currency sovereign debt. After all, they say, governments can service these obligations by printing money, which in turn can reduce the real burden of debt through inflation and dramatically so in cases like Germany […]
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