Hard truths.
The World Bank pointed out that areas such as hospitality, manufacturing, and wholesale and retail trade could be better served by private players, but are instead occupied by state-owned enterprises benefiting...
According to Axel van Trotsenburg, the Bank’s senior managing director, countries must commit to disclosing accurate and timely debt information to prevent abrupt financial shocks.
The legislation, which includes severe penalties such as life imprisonment and the death penalty, prompted the global lender to halt new financial support in August 2023, citing conflicts with its core values.
The Bank’s Public Finance Review highlights that Kenya not only achieves the highest learning-adjusted years of schooling (LAYS) in the region but also remains a pioneer in policy innovation and consistently pr...
This measure aims to reduce government spending and redirect funds to key development areas such as infrastructure, education, and healthcare.
Data reveals that when civil servants travel to the United States, they receive about $513 (Sh66,317) per person every day.
In its 2025 Public Finance Review report, the World Bank says the levies have worsened the burden on workers and employers and are unpopular with the public.
According to the report, the large public wage bill in Kenya is driven less by basic salaries and more by a range of complicated and poorly regulated allowances.
Kenya’s public debt is now equivalent to 70% of the country’s gross domestic product.
