Publications By Author :

766 Found


Date Details Document
Tue, Aug 27, 2024

Webinar #22/2024: Kenya’s Constitution at 12: A Legal and Economic Assessment

Author(s) Jackline Kagume, Leo Kipkogei Kemboi,

Theme: Democracy, Economic Literacy,



File Size: 182.51 KB
No of Downloads: 80.

Thu, Aug 15, 2024

A Brief on Kenya’s Petroleum Sector Statistics

Author(s) Fiona Okadia,

Theme: Petroleum,

Kenya’s petroleum sector encompasses the exploration, extraction, refining, distribution, and utilization of petroleum resources within the country. This sector plays a crucial role in Kenya’s economy, contributing to revenue generation, job creation, and energy supply. The sector is regulated by the Energy and Petroleum Regulatory Authority (EPRA). It was established under the Energy Act of 2019, succeeding the Energy Regulatory Commission (ERC), and it functions as an autonomous agency under the Ministry of Energy. This brief serves as a comprehensive overview of Kenya’s petroleum sector statistics encompassing vital aspects, such as landed costs, international price trends, product pricing, storage, distribution, taxation, and consumption patterns. Understanding these elements of the industry is crucial for all the stakeholders in the country.



File Size: 866.99 KB
No of Downloads: 57.

Fri, Aug 9, 2024

Webinar #20/2024: How Fragile is Kenya?; Reading Kenya’s Score on the Fragile State Index 2024

Author(s) Kwame Owino, Maureen Barasa,

Theme: Economic Literacy,



File Size: 294.09 KB
No of Downloads: 45.

Thu, Aug 8, 2024

Fact Sheet on Analysis of Kenya’s Supplementary Estimates -FY 2024/25

Author(s) IEA-Kenya,

Theme: Budget,

The supplementary estimates should be prepared in line with article 223 of the Constitution of Kenya and section 44 of the Public Finance Management Act, 2012. The revision of the approved expenditure estimates for the financial year 2024/25 was necessitated by the withdrawal of the Finance Bill 2024. The bill was projected to raise additional revenue amounting to Ksh. 346 Billion. This revenue shortfall will be financed by both borrowing and by government undertaking budget cuts within its various programs.



File Size: 915.64 KB
No of Downloads: 244.

Mon, Jul 29, 2024

Budget Guide for the Financial Year 2024/2025

Author(s) IEA-Kenya,

Theme: Budget,

This analysis of Budget 2024/2025 interrogates the extent to which the budget is aligned to fiscal consolidation agenda and the government budget theme “sustaining Bottom-Up Economic Transformation Agenda (BETA)[1], fiscal consolidation and investing in climate change mitigation and adaptation for improved livelihoods” In relation to this, it focuses on big expenditure items, how the overall budget will be financed and reaffirms the priority policies and strategies under BETA  which are prioritized in the Fourth Medium Term Plan of the Vision 2030.

In terms of organization, this analysis first presents the macroeconomic performance for the country over the years, an overview of the entire budget, then proceeds with expenditure analysis that looks at issues of mandatory spending and what this means to budget flexibility, a brief on judiciary and what is expected in terms of sectoral priorities.

In addition to providing information to stir up public debate of the budget, the Institute of Economic Affairs (IEA)-Kenya through this brief point out policy concerns and issues that parliamentarians and citizen’s may raise and consider in their scrutiny and interrogation of the budget 2024/2025.

[1] This Development Agenda recognizes the importance of managing the cost of living through well-functioning markets to enhance increased production and productivity, availability and affordability of goods and services for all citizens. Indeed, market failures in sectors that supported the economy are glaring. The interventions target five core priority areas namely: i) Agricultural Transformation and Inclusive Growth; ii) Micro, Small and Medium Enterprise (MSME) Economy; iii) Housing and Settlement; iv) Healthcare; and v) Digital Superhighway and Creative Industry.

 



File Size: 3.55 MB
No of Downloads: 159.

Fri, Jul 26, 2024

Fact Sheet on Socio-economic Data: Isiolo; Kakamega; Kilifi; Mombasa and Nakuru Counties

Author(s) IEA-Kenya,

Theme: Health, Health Financing,

The Closing Gaps in Devolved Health Service Delivery1 is a five-year USAID-funded project implemented by the Institute of Economic Affairs in consortium with its partners Concern Worldwide, Development Initiatives and Urban Institute. The interventions fashioned for the project are premised on responding to three overlapping and contextual challenges of (i) inadequate health financing and inefficiencies in spending;

(ii) weak oversight and accountability; and (iii) gaps in health policies which impede county delivery of quality health services.

This document presents the FACT SHEET on Social and Economic Indicators for the five project focus counties – Isiolo, Kakamega, Kilifi, Mombasa and Nakuru. This health and socio-economic fact sheet will provide a baseline information set for the first project objective on inadequate health financing. As part of the project baseline analysis which will lead to co-creation with the target counties, this fact sheet provides a well of information which will underpin the development of the questionnaire for the political economy analysis (PEA) for each of the five counties. While this fact sheet will feed into the baseline data, it will also be useful for driving evidence driven discourse.

The FACT SHEET on Social and Economic Indicators is a compendium of data points on administrative, demographic, gender, health, and public finance management at the national and county levels of government.

In 2013 Kenya commenced the transition from a centralized to a decentralized governance system comprising of the national government and 47 county governments. Devolution aims to enhance service delivery to citizens by bringing the resources closer to them. Among the devolved functions is health with national government retaining the functions of policy formulation and managing the referral hospitals. As highlighted in Article 186 of the Constitution of Kenya, 2010 there exist exclusive and shared functions and powers of the respective levels of government therefore creating the need to track and compare the progress made across counties post devolution.



File Size: 17.59 MB
No of Downloads: 233.

Wed, Jul 17, 2024

And Then, Floods…A critical macroeconomic assessment of IMF Conditionality on Kenya, 2021-present

Author(s) Kwame Owino, Maureen Barasa, Peter Doyle,

Theme: Public Debt,

By April 2021, in the context of long-standing deep growth shortfalls, a heavily overvalued exchange rate, an excessively loose fiscal stance, and an elevated public debt stock, Kenya’s prospects were threatened by rising global interest rates, a large bullet payment due, and droughts.
What was needed was an IMF program to deliver an immediate change in the policy mix, with a sharp front-loaded fiscal consolidation to allow a monetary loosening sufficient to correct the exchange rate and inward orientation while keeping inflation on target. But the total fiscal correction should not have been at the expense of medium-term growth, even if that required debt write-offs to reconcile it debt sustainability. And the entire package should also have been resilience to further shocks.
But that was not the program that Kenya got. The program misdiagnosed misalignment, thus back-loaded fiscal adjustment, and required medium-term primary fiscal balances well above global best practice at the expense of growth potential, all reflected in relentless tax increases. And when its conditionality on the Central Bank of Kenya turned out to be mis specified—including that in practice it treated a large non-permanent relative food price shock as a matter only of inflation—that was not corrected. So, the program also delivered a monetary stance which was too tight, impeding the necessary correction in the exchange rate, all at the expense of short-run growth as well.
These basic failures of quality control at the IMF meant that the program achieved neither its stated goals nor the fundamental correction that was required—hence major nationwide social unrest.
A reset of the program for 2024/25 should be led by an immediate big relaxation in monetary policy, an unchanged underlying primary balance outturn of a deficit of 1 percent of GDP remaining there thereafter, leaving revenue ratio targets to the authorities, and activating a targeted program of income support given food price shocks. If that requires debt write offs to secure sustainability, those should be calibrated against a medium-term primary deficit of 1 percent of GDP. Alongside a major retrenchment in the number of conditions and an increase in IMF transparency are necessary.


File Size: 12.45 MB
No of Downloads: 2084.

Thu, Jul 4, 2024

Webinar #18/2024: Unpacking the Finance Bill, 2024 Dissent: Legal, Economic and Constitutional Perspectives

Author(s) Jackline Kagume, Leo Kipkogei Kemboi,

Theme: Economic Literacy, Finance Bill,



File Size: 1.08 MB
No of Downloads: 208.

Fri, Jun 14, 2024

Post Budget Forum Financial Year 2024/2025

Author(s) IEA Kenya,

Theme: Budget,



File Size: 2.22 MB
No of Downloads: 110.