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Recent Topicals

The effects of the Global Entrepreneurship Summit being held in Kenya

Jul 4, 2017

The Global Entrepreneurship Summit (GES) is a global forum that brings together business owners, young innovators, educationalists, policymakers, thought leaders and investors from across the globe to support developing regions. Since 2010, the U.S has elevated entrepreneurship to the forefront of its engagement with the world and the GES is a formal annual forum for the engagement. The 6th annual gathering is being held in Kenya on 25th - 26th July 2015, and is being co-hosted by U.S. president Barrack Obama and Kenya’s president Uhuru Kenyatta. This will be the first time that the summit is held in Sub-Saharan Africa, and the decision to hold it in Kenya showcases the country’s huge economic potential. Kenya join’s Turkey, UAE, Malaysia and Morocco as previous hosts of GES. The country is blessed in numerous enviable ways – a great geographical location that makes it a regional hub; great weather; an educated, numerate, literate and welco...

Entrepreneurship, its drivers and challenges

Jul 4, 2017

Entrepreneurship is the capacity and willingness to develop, organize and manage a business venture along with any accompanying risks. Over the years, entrepreneurship, along with innovation, has carved its role in the economic and social development of the society, transforming the lives of millions of people around the globe.The stand-alone trait that makes an entrepreneur is the entrepreneurial spirit that inspires one from within to be the best they can be. It develops within an individual who demonstrates a true passion for building something great from nothing and the will to push themselves to the limits to achieve their goals. An entrepreneur (i) is always passionate about what they do, (ii) always welcomes improvement in every aspect of their lives, (iii) optimistic about all possibilities, while taking challenges and obstacles as learning opportunities, (iv) takes calculated risks, and above...

The performance of the Kenya Shilling

Jul 4, 2017

Emerging market currencies have been under pressure during the year because of the US Federal Reserve’s announcement of an intention to raise interest rates. The expectation of a rate hike by the Fed has sent capital flowing out of emerging markets, causing a depreciation of most currencies. Additionally, the possibility of a “Grexit” is exacerbating the need for investors to invest in safer regions, such as the US. As expected, the impact of this on the currencies differs from country to country depending on the strength of the country’s macroeconomic fundamentals, with countries that have weaker fundamentals experiencing higher currency volatility. The Kenya Shilling has witnessed a downward pressure against the dollar since the beginning of the year, losing 13.0% YTD to close at 102.5 as of Friday 17th July from a rate of 90.6 at the start of the year. The depreciation of the shilling can be attributed to a number of factors, namely:...

The effects of the Global Entrepreneurship Summit being held in Kenya

Jul 4, 2017

The Global Entrepreneurship Summit (GES) is a global forum that brings together business owners, young innovators, educationalists, policymakers, thought leaders and investors from across the globe to support developing regions. Since 2010, the U.S has elevated entrepreneurship to the forefront of its engagement with the world and the GES is a formal annual forum for the engagement. The 6th annual gathering is being held in Kenya on 25th - 26th July 2015, and is being co-hosted by U.S. president Barrack Obama and Kenya’s president Uhuru Kenyatta. This will be the first time that the summit is held in Sub-Saharan Africa, and the decision to hold it in Kenya showcases the country’s huge economic potential. Kenya join’s Turkey, UAE, Malaysia and Morocco as previous hosts of GES. The country is blessed in numerous enviable ways – a great geographical location that makes it a regional hub; great weather; an educated, numerate, liter...

Review of Kenya’s debt sustainability in the wake of the 2015/2016 budget

Jul 4, 2017

The Kenyan economy has done really well over the last few years, and according to the government the picture is even rosier as they project the GDP to grow at 6.9% in this financial year, despite the insecurity challenges facing the country. On the back of this accelerated projected growth rate, the cabinet approved the 2015/2016 budget that will be read in parliament, and passed, in the month of June. Of key note is that the total government expenditure has continued to grow, almost doubling over the last five years. However, revenue growth has not kept pace, growing at 59% over the same period. The only mitigation to expenditure growth far outpacing revenue growth is that a majority of expenditure is allocated towards development, which has more than doubled, while the recurrent expenditure has grown by 15% over the same period. The faster growth in government expenses compared to revenue has led to an increase in total government deb...