economy

“Approximately 50% of Kisumu land is underutilized especially in the rural area,” CIDP 2018-2022

19th September 2019

According to Kisumu County CIDP 2018-2022, land is the most important natural resource that the county is endowed with.  Additional facts are as listed below:  50% of Kisumu land is underutilized especially in the rural area Most of the land has not been registered which hinders people from asserting their rights over land. Only 61.3% […]

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Kenyan advertises on local daily in search for employment

10th September 2019

Kenyans 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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Economic growth vs economic development

19th July 2019

Economic 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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President Jair Bolsonaro

President Jair Bolsonaro vows to clean up “Marxist trash” in Brazil

5th January 2019

President Jair Bolsonaro vows to clean up “Marxist trash” in Brazil On the first day of January 2019 President Jair Bolsonaro was sworn in as the new president for Brazil. He was elected on October, 2018 hence effectively defeating his opponent Fernando Haddad. President Jair Bolsonaro is committed towards an ideological revolution. During his inaugural […]

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Douglas North, the great economist who believed in the role of institutions in promoting economic development.

Douglas North on role of strong institutions in economic development

6th October 2018

Douglas North on role of strong institutions in economic development Douglas North is an economist who dedicated most of his working life towards understanding the role of institution in economic development. “Douglas North took economics out of its comfort zone. He brought in politics, sociology and history.” – The Great Economics by Linda Yueh. Due […]

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The Philanthropic Ogre

Octavio Paz books

21st August 2018

Octavio Paz books  Octavio Paz, Nobel Award Winner and writer from Mexico, defines government as “el ogro filantrópico” which loosely translates to (the philanthropic ogre). This refers to a creature that: ” gives out subsidies and programs to supposedly alleviate poverty, but at the same time devours more and more of the nation’s prosperity through […]

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Immigrants built Australia

16th August 2018

Immigrants built Australia Australia has grown faster than expected and the Central Bank Chief Philip Lowe has said that Immigrants built Australia. This credited to their superior performance at their place of work. Immigrants built Australia and other countries are not recognizing that and they are becoming more and more anti-foreigners including President Donald Trump whose […]

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Kenya economic survey 2018

4th August 2018

Kenya economic survey 2018 According to Kenya Economic Survey 2018, in the financial year 2017/2018 the national government expenditure was expected to reach Ksh. 2.7 trillion. Development expenditure was expected to reach Ksh. 670.6 billion while recurrent expenditure was Ksh. 2.2 trillion. Tax revenue was estimated to hit Ksh. 1.4 trillion. This is the amount […]

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Definition of econometrics

ECONOMETRICS

2nd June 2018

ECONOMETRICS Econometrics is a combination of economy, statistics and mathematics. Read More: Rising influence of social media on politics Sharing is Caring:0

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Edmund Burke

Edmund Burke on Social Change

2nd June 2018

Edmund Burke on Social Change “Social Change needs to be gradual, and cannot be implemented by top-down design oversight.”  – Edmund Burke  I’m aware of many socio-programs in Kenya which are implemented by top-down design oversight. These social programs will fail considering that there was no public participation in their formulation, implementation and oversight. Burke […]

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Navdeed Bain, the Canadian Minister for Innovation, Science and Economic Development

Navdeep Bains, the Canadian Minister Humiliated at Detroit Airport

12th May 2018

Navdeep Bains, the Canadian Minister Humiliated at Detroit Airport Navdeep Bains, the Canadian Minister for Innovation, Science and Economic Development experienced humiliation when the Transportation Security Administration repeatedly asked him to remove his turban for security checks. The problem was that the TSA agents did not follow proper procedures. Check the video below: Read More: […]

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Noah Smith: Can machines predict downturns?

11th May 2018

Noah Smith: Can machines predict downturns? Since it has proved to be difficult to test downturns in the economy, Noah Smith is proposing we try use of machines for this purpose. Well it work? Find out here. Read More: Rodger Dudding, the man who owns 400+ cars Sharing is Caring:0

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BPS 2018 press release

“The Big Four” is the central theme of Kenya’s Budget Policy Statement 2018

24th January 2018

“The Big Four” is the central theme of Kenya’s Budget Policy Statement 2018 The Big Four Agenda has been featured prominently on the Kenya Budget Policy Statement 2018/2019. This document which is commonly known as BPS was published on National Treasury website on Friday 19 Jan 2018. The Big Four Agenda document containing the assessment of […]

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More Years in School

18th December 2017

More Years in School make One Better People in advanced countries are known to spend numerous decades of their life in school. There’s a very delicate balance between nurturing talent and nature. Lack of good education is a source of misery for many people around the world. For instance, most students around the world do […]

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State of Kenyan Economy: public debt and exchange rates

28th November 2017

State of Kenyan Economy: public debt and exchange rates The Central Bank of Kenya in their weekly newsletter of 24th Nov 2017 reported that investor confidence is return after the Supreme Court of Kenya ruling on presidential election. The Kenya Shilling exchange rate against major global currencies has remained stable for the last one week. […]

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Chinese Economy, thumbs up.

Chinese Economy

23rd November 2017

Chinese Economy Chinese economy has been doing very well for the last 3 decades. This has to do with the country’s move from state-planned all the way to mixed economy. Read More: State of Kenyan Economy Sharing is Caring:0

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International Monetary Fund

Influence of International Monetary Fund (IMF)

23rd November 2017

Influence of International Monetary Fund (IMF) “Between 1980 to 2000 International Monetary Fund (IMF) policies were most influential in developing countries.”   Read More: Effects of Artificial Intelligence on Economic growth Job separation and geographical mobility Sharing is Caring:0

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Economy of Kenya vs Nigeria

31st October 2017

Economy of Kenya vs Nigeria Information on the Economy of Kenya vs Nigeria, the Federal Republic of Nigeria is located in West Africa bordering Cameroon, Chad, Niger and Benin. On the other and Kenya is located in East Africa. Nigerian’s economy relies on one sector (oil and Gas) while Kenyan economy is diversified. In 2016 […]

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Current Account Surplus in Germany is Worrying

22nd October 2017

Current Account Surplus in Germany is Worrying Currently among the G20 countries, Current Account Surplus in Germany is an outlier with 250 billion euros every year. Is this a good or bad thing? We are about to discover shortly. Current account surplus is defined as a positive difference between a country’s savings and investment. This […]

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Facts About England

20th October 2017

Facts About England Bank of England was founded in 1694. That is 323 years ago. The country has experienced 60 business cycles, 6 major wars and 6 large financial crises. With the many centuries of financial management, we can learn how England financed her wars and financial crisis. During the war, England used deficit budgets […]

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