Understanding Securitization and Fiscal Sustainability: Opportunities, Risks and Sustainability

Allocating Authority over the Algorithm: The Economics of Artificial Intelligence in Kenya’s Justice System

Tertiary Education Placement and Funding

Tax Code Philosophy on Manufacturing as seen in the last 3 Finance Bills

Public Debt, Fiscal Risks and Governance Challenges in Kenya: Key Issues for the 2027 Political Manifesto Debates

Alternative Budget 2026/27

The IEA Kenya presents an alternative fiscal path/scenario for FY 2026/27 across key fiscal aggregates – revenue, expenditure and fiscal balances as a critique of the National Treasury’s budget estimates. This is not a complete alternative budget given its focus is limited to fiscal aggregates/budget outturn. Based on the national budget estimates of revenue and expenditure for FY 2026/27, the IEA Kenya used Autoregressive Integrated Moving Average (ARIMA) statistical model to generate its own fiscal forecasts.

Monetary Policy Transmission in Kenya: A Structural VAR Analysis, 2011–2025

This report examines the effectiveness of monetary policy in Kenya between 2011 and 2025 by analysing how changes in the Central Bank Rate (CBR) influence inflation and economic activity. While central banks typically use interest rates to control inflation and support growth, Kenya’s inflation is often driven by external factors such as droughts, fuel price shocks, exchange rate movements, and global supply disruptions, raising questions about the effectiveness of this approach.

The USA-Israel War on Iran: Why does it matter to Kenyans?

This analysis assumes that the Iranian regime – the belligerent of relative disadvantage and of closed, authoritarian decision-making processes – will resort to unconstrained horizontal escalation while the United States and Israel – the belligerents with significant advantages in capabilities and with institutional constraints embodied in democratic processes and open societies. It is assumed that while the United States and Israel will maintain escalatory measures that are focused primarily on the Iranian regime and incidentally on the Iranian population, the Iranian regime will be indiscriminate in its horizontal escalation.

Citizen’s Alternative Budget 2026/2027

The Citizen’s Alternative Budget brings together proposals presented by civil society organization representatives as well as those from the private sector during the IEA-Kenya Pre-Budget Hearings held at Sarova Stanley Hotel in Nairobi on 26^th November 2025. These submissions were consolidated and analysed by IEA-Kenya in line with the Medium-Term Expenditure Framework (MTEF) sectors, focusing on feasibility, economic rationale, and alignment with the government’s national priorities.