Sharp Daily
No Result
View All Result
Monday, June 23, 2025
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home News

Kenya’s Resilience as A Global Economic Leader Underscored by High- Level State Visits

Dennis Otsieno by Dennis Otsieno
May 9, 2023
in News
Reading Time: 2 mins read
photo/courtesy

photo/courtesy

The international investors’ attraction to the country has been on rise, with more expected to come in the coming months.

The resilience of the Kenyan economy has pushed Kenya into a global player and a regional giant. Many people are optimistic that we will see even better economic growth this year.

Last week, the International Monetary Fund exuded confidence in the government’s economic recovery programme. IMF managing director Kristalina Georgieva lauded Kenya’s decision to prioritise investment in agriculture and Micro and Small Enterprises that offer quick turnaround results.

Georgieva said the government’s dynamism of investment, prudent fiscal measures and transparency in governance have set the country on the path of success.

RELATEDPOSTS

Why firms are shedding jobs despite survival

June 19, 2025

Opinion: Austerity wrong medicine for Kenya’s economy.

June 16, 2025

As this happened, Kenya and the African Export-Import Bank (afreximbank) also signed a three-year Kshs 400 billion financing programme anchored on the Bottom-Up Economic Transformation Agenda.

The programme will support the government’s priorities in enhancing capacity of critical commodities, agriculture, water harvesting, construction of industrial parks and investment in the digital superhighway.

At the same time, Kenya and Canada are working on a labour migration framework that will enable more Kenyans to get skilled jobs in the North American country.

Read:Kenya Not at Risk of Defaulting On Eurobond – IMF Director

Kenya will align the training of health workers at the Kenya Medical Training College and technical and vocational institutions with the Canadian curricula to respond to the needs of the country’s job market.

Last week, Kenya also said that it would address the double taxation problem facing projects funded by Japan’s Overseas Development Assistance.

The other high-profile visit was by German Chancellor Olaf Scholz who during his talks with President Ruto emphasised that Germany considers Kenya to be a key economic partner.

The two discussed partnerships in the area of renewable energies. Scholz has offered support to Kenya joining the G20’s Compact with Africa initiative, which aims to mobilise private sector investment.

All these engagements are a pointer to the prospects that the Kenyan economy presents to the rest of the global economy. It is important that we all focus on this positivity and play our role in building the economy.

Parliament must look at the budget before it and ensure that it aligns with the aspirations of Kenyans and the country’s need for strong policies that will build the economy. The budget must focus on programmes that will help us jumpstart the economy as needed.

Email your news TIPS to editor@thesharpdaily.com

Previous Post

Kenya Targets a Long- Term Financing from IMF

Next Post

World Bank Calls for Digital Skills Expansion to Match Future Jobs

Dennis Otsieno

Dennis Otsieno

Related Posts

Investments

Investor shift to long term bonds drives oversubscription in CBK’s reopened auction

June 19, 2025
News

The real price of Israel – Iran Conflict for Kenya.

June 19, 2025
Economy

Resilient but strained: Kenyan firms speak out in May 2025 CEO survey.

June 19, 2025
News

Co-op Bank posts KES 6.9 billion profit in Q1’2025

May 16, 2025
Agriculture And Economy
News

Lets get Kenya out of FATF list

May 9, 2025
News

The downside of Impact Investing

May 2, 2025

LATEST STORIES

Parliament slashes tax on digital asset trades: What this means for investors

June 23, 2025

Understanding Joint Ventures: A strategic tool in modern business

June 23, 2025

How bushy can a bush safari get?

June 20, 2025

Understanding SPVs

June 20, 2025

Why small investments are a power move

June 20, 2025

Social consequences of the tax relief for gamblers

June 20, 2025

How E-Tendering can reshape public procurement in Kenya

June 20, 2025

Unlocking long-term wealth with the power of compounding

June 19, 2025
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024