Victor Amadala

1 week ago | the-star.co.ke | Victor Amadala

World Bank headquarters /FILEWorld Bank's new fiscal policy proposal could reduce Kenya’s debt-to-GDP ratio by about one-third within 10 years, returning the country to a position closer to its debt level of the 2010s, when the debt buildup began. It takes into consideration increasing economic growth, real wages, and consumption across society. Under this scenario, it is estimated that Kenya’s debt-to-GDP ratio would fall to about 44 per cent of GDP by 2035, close to the mid-2010s figure.

1 week ago | the-star.co.ke | Victor Amadala

Banks cut lending to the private sector in the first three months of the year, curtailing the government’s push to improve access to affordable credit in a bid to stimulate economic recovery. An analysis of Q1 financial results shows that banks opted to splash billions on the government, with the top six banks in the country increasing investment into state securities by an average of 13 per cent,  declining yields notwithstanding.

1 week ago | the-star.co.ke | Victor Amadala

A solar mini grid station in Mudoriko Village, Busia County/VICTOR AMADALA Although Kenya exceeds the average rate of access to electricity in sub-Saharan Africa, the gap between urban and rural areas remains very wide. Due to the population distribution across the country, a recent analysis by French development agency (AFD) reveals that the development of a national electricity grid covering remote areas is impossible in the short term.

1 week ago | the-star.co.ke | Victor Amadala

Kenya's local automotive industry primarily assembles, retails, and distributes motor vehicles. It is a relatively established sector with at least 11 major dealers , with a history dating back to the 1960s, when the Volkswagen Beetle was locally assembled. Successive governments have been keen to grow the sector, actively workingwith the private sector to boostthe automotive industry, aiming to increase local production, reduce reliance on imported used vehicles and create jobs.

1 week ago | the-star.co.ke | Victor Amadala

It was a week of harvesting for investors at the Nairobi Securities Exchange, with various firms led by KCB Group splashing billions in dividend payouts. The regional bank, which commands total assets of over Sh2 trillion, paid investors Sh9.6 billion in dividends on Thursday, with each share earning Sh3, reaffirming a sustained return to shareholders, as it seeks to consolidate its growth ambitions across East Africa.