Bright Outlook for Kenya’s Economy

Kenya is poised for a return to the strong economic growth the country achieved prior to the onset of the global financial crisis, the International Monetary Fund said on Saturday, April 24th 2010.

In its report on African economies issued at its spring meetings in Washington, the IMF pegs Kenya’s growth rate for this year at slightly over 4 per cent and predicts it will reach nearly 6 per cent next year.
The projection for 2011 represents a robust expansion not achieved in Kenya since 2007, when the economy grew by 7 per cent.

This is great news for kenya.

Source: http://www.nation.co.ke/business/news/IMF%20paints%20rosy%20outlook%20for%20Kenya%20economy/-/1006/906404/-/4feawhz/-/index.html

Kenya Embarking on Aggressive Road Construction

The expansion of Thika Road in Kenya, the busiest highway in East Africa, is rolling along as planned. The Sh26 billion project, which kicked off in April 2009, is part of an elaborate plan to decongest city traffic and will involve changing the road from a four to eight-lane superhighway. This road construction has been welcomed by many Kenyans, and everyone is looking forward to lighter traffic along Thika road.

Kenya's Draft Constitution is an Inch Closer to Becoming Law

Attorney General Amos Wako will receive the proposed Constitution from Parliament on Wednesday April 7th 2010, bringing the country a step closer to the national referendum.

The Clerk of the National Assembly, Mr Patrick Gichohi, said at Parliament buildings, that the brief handover ceremony will be done to certify that the draft submitted to the House was still in its original form. “What we are doing today (Tuesday) is verifying that the report is as we received it from the Committee of Experts,” said Mr Gichohi. Mr Wako will have the next 25 days to publish it.

The Constitution of Kenya Review Act (2008) bars the AG from making any alterations to the document and is required to publish it by May 2. This is a step foward for Kenyan people who have been waiting for a new consitution that will aim to fight corruption and prevent election violence from occuring again.

source:http://www.nation.co.ke/News/politics/-/1064/893748/-/wpc68jz/-/index.html

Kenya's Draft Law Promises a Bold New Kenya

The draft constitution passed by Parliament on Thursday will change the face of Kenya by introducing the most far-reaching institutional reforms the nation has seen since independence.

The Constitution will overhaul the Judiciary, restructure the police force and write into law the socio-economic rights of all individuals as part of a Bill of Rights which has been described as one of the most progressive on the continent outside South Africa.

In the new Kenya, MPs will pay taxes, the number of ministers will be reduced by half and voters will be able to recall MPs who fail to discharge their duties properly.


This is a step in the right direction for Kenya. This constitution will definately steer us in the right direction

Kenya kicks Out Sri Lanka as world Leading Tea Exporter

Kenya has overtaken Sri Lanka to become the number one tea exporter in the world. Latest figures provided by the Tea Board of Kenya shows the country exported 342 million kilograms to 47 world markets, accounting for 22% of the world tea exports.

"We did dislodge Sri Lanka as the leading tea exporter last year and hope we will continue maintaining the same position," said Ms Sicily Kariuki at the Kenya - United Arab Emirates Trade and Symposium at Norfolk Hotel, Nairobi on Monday.

The news is a boost to Kenya and the tea sector in particular, which has in the recent past suffered from vagaries of weather and low export earnings due to a glut in the international market. The managing director attributed the success to the efforts made in research and development.

Source: www.allAfrica.com