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2 months ago | 
businessdailyafrica.com | Mohammed Doyo
As the Treasury reveals bold plans to reorganise its borrowing instruments and institutional framework, Kenya's debt management scene is set for a significant transformation. The most important change of public debt management in years is signalled by the newly issued Draft 2025 Medium-Term Debt Management Strategy and a proposal to deprive the Central Bank of Kenya (CBK) of its participation in government securities. The core of these reforms is a daring institutional reorganisation.
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Jan 15, 2025 | 
businessdailyafrica.com | Mohammed Doyo
A grim picture of our country's financial situation is painted by recent data from the Central Bank of Kenya (CBK). Our cumulative revenue growth for the first five months of the 2024/25 financial year is a meagre 1.1 percent. This weak growth and the Treasury report from November, which showed domestic borrowing at Sh359 billion (43 percent of the target), indicate that we are in a risky cycle of borrowing to cover necessities.
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Dec 3, 2024 | 
businessdailyafrica.com | Mohammed Doyo
Kenya Revenue Authority recently posted its October revenue figures painting a picture of an economy gasping for air. The writing on the wall could not be clearer. Domestic VAT down by a staggering 26.3 percent (Kes 2.3 billion shortfall), Paye collections missing targets by Kes 1.2 billion, and excise duties on basic commodities declining by Kes 573 million.
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Nov 11, 2024 | 
businessdailyafrica.com | Mohammed Doyo
As the recent presidential transition in the United States comes to an end, Kenya finds itself at a critical juncture in its trading relationship with the greatest economy in the world. Kenya cannot afford to miss the opportunity presented by the Trump administration's return and its strong emphasis on bilateral trade agreements.
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Oct 23, 2024 | 
businessdailyafrica.com | Mohammed Doyo
The world economy has been impacted by the Federal Reserve's recent 50 basis point rate drop, which is the first since 2022. It is important to think about how this new reality will affect developing economies like Kenya as financial markets from New York to Tokyo respond. The possibility of reduced US interest rates appears to be a clear victory for Kenya at first look.
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Aug 23, 2024 | 
eastleighvoice.co.ke | Mohamed Ahmed |Mohammed Doyo |Mercy Asamba |Hanifa Adan
Among Mombasa’s most popular neighbourhoods is Nyali, an area that has become synonymous with luxury living and tourist attractions.
However, as the county continues to grow in population and popularity, we must confront a pressing concern: the over-concentration of development in Nyali at the expense of other equally deserving areas.
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Aug 6, 2024 | 
businessdailyafrica.com | Mohammed Doyo
News of a possible $1.85 billion investment agreement between Adani Airport Holdings Limited and the government to develop and modernise Jomo Kenyatta International Airport (JKIA) has recently sparked excitement and debate in the aviation industry. Given Kenya’s current economic woes, the possibility of large foreign investment in our infrastructure is certainly alluring, but it is important to approach this transaction critically.
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Jul 30, 2024 | 
businessdailyafrica.com | Mohammed Doyo
President William Ruto's recent announcement regarding value-added tax (VAT) refunds may signal a sea change in Kenya's budgetary strategy. The announcement which forms part of the Kenya Kwanza’s broad reforms to Kenya’s economy, has the potential to spur urgently needed changes to our tax code, especially regarding the way VAT returns are handled. Even though it was created with the best of intentions, Kenya's present VAT system is a major financial burden on the country.
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Jul 21, 2024 | 
businessdailyafrica.com | Mohammed Doyo
As Kenya's current program with the International Monetary Fund (IMF) draws to a close in March 2025, Kenya finds itself at a critical fiscal juncture. The country's economic trajectory in the coming years will be shaped by a complex interplay of domestic financial pressures and global economic trends. Kenya's fiscal challenges are multifaceted. The country faces substantial foreign and domestic interest service costs, amounting to at least $7.7 billion annually between FY 2024/25 and FY 2027/28.
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Jul 10, 2024 | 
businessdailyafrica.com | Mohammed Doyo
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