- Kenyas Economy: Where to go from here
- Budget Reflections
- Regeneration in Kenya
- Obama Kicks Butt
- Loud Silence as AGOA ends
Kenya’s economy: Where to go from here
That Kenya’s economy is still bleeding over a year after the post-election violence is obvious. Though the free fall was projected after the bloody chaos that left hundreds dead and thousands displaced, the real picture was not clear until the economic survey report of 2009 was released.
According to the survey, economic growth dropped by 5.4%. The economy grew at 1.7% compared to a rate of 7.1% the year before. The growth rate is the lowest since 2003 after a lauded turnaround in that year.

Budget reflections 2009
We are not lost to the fact that this year’s budget was read in the backdrop of huge economic challenges arising from the 2007/8 post election violence, current severe drought and the global financial crisis. However some experts feel that we can still swing back on track.
Regeneration in Kenya
A chance to create a vibrant environment for all Kenyans
The just ending Kenyan tropical winter reminds us of the need for proper housing for protection against the vagaries of the weather. But housing and good surroundings is about more than the weather.
Obama kicks butt
Romance is over
First visit to Africa and the romance with Obama seems to be over; for good or for worse.
We had already forgiven him for snubbing his fatherland, having understood how badly we behaved after the 2007 general election. We however looked forward to his debut visit to the continent with great expectations.
So why are some disappointed? Because declarations about ending tyranny and corruption have been made many a time.
Obama may be sincere in his wish to end these vices but it seems he has started on the traditional footing. Perhaps he should have asked: “America has been engaged in this continent for many years. In Kenya the US has played a very visible role for 46 years; since independence. Why have US policies failed in the past? What is to be done differently? We Africans know the answers but often no one listens.

The 8th African Growth and Opportunity Act (AGOA) conference whose theme was "Realizing the Full Potential of AGOA through Expansion of Trade and Investment" came to a close recently.
|
||||||||||||||||||||||||||||||||||||||
|
« StartPrev123NextEnd » |
||||||||||||||||||||||||||||||||||||||
| Page 1 of 3 | ||||||||||||||||||||||||||||||||||||||
Breaking News
|
Equity Bank recently announced a pretax profit of Ksh4.3 billion for the year to September 2009 (2008-Ksh 4.3 billion), maintaining its profitability in an adverse economic environment arising from the effects of the global economic crisis, severe drought and the 2008 post election violence.
The Bank’s results for 2008 included a one off profit of Ksh1.3 billion arising from the Safaricom IPO services where Equity Bank processed 45% of the business.
Without this one off income, the results from the bank’s core business show an increase of 48% thus showing sustained resilience at a time when the Kenyan and indeed the world economy has taken a thorough beating.
“These results are attributable to sustaining our strategy of balanced growth, high operating efficiency and prudent management of risk,” Dr James Mwangi, the Bank’s CEO said when announcing the results Monday.
The market received the results calmly and the share price closed Monday at Ksh14.35 down 0.15 from Friday 23rd. The annualized earnings per share stood at Ksh1.21 and P/E of 11.6.
|
Latest News
Popular
News In A Flash
-
14.09.09
Sports >> Sports
Owen and Obertan: Are they just surprise buys? Onl...Read more...
-
20.11.09
Travel >> Travel
UGANDARead more...
- 18.05.10 Economy >> Economy
...Read more...- 18.05.10 Politics & news >> Politics
...Read more...- 09.06.10 Business >> Business
...Read more...- 14.09.09 Sports >> Sports
Though they are not engaged in any tournament in the month of August, it is worth noting the su...Read more...- 18.05.10 Politics & news >> Politics
...Read more...- 18.05.10 Economy >> Economy
...Read more...- 09.06.10 Business >> Business
...Read more...- 13.09.09 Sports >> Sports
Serena Williams Fresh from winning her third Wimbledon title, Serena Williams will be ...Read more... - 18.05.10 Economy >> Economy




Though they are not engaged in any tournament in the month of August,