Now more than ever during this period of crisis when solidarity is called on to get through the pandemic, businesses have an opportunity to make a significant contribution. Corporate Social Responsibility (CSR) is not only important for businesses as accountable members of society, but is also ... Read More
The budget-making process at the County level is a subset of a grander Public Finance Management (PFM) process. Public finance management (PFM) in Kenya is anchored in Chapter 12 of the Constitution of Kenya and the Public Finance Management Act 2012 (PFMA). The PFMA was developed with the ... Read More
As the effects of the Covid-19 pandemic weaken global demand, oil markets are facing an unprecedented crisis. The US's benchmark index for WTI crude oil dropped below $0 on April 20th following the sharp decline in its demand outlook. Coming closer home, we ask, will falling global oil prices help ... Read More
The overall strategy for response in the short, medium and long term is termed the HALT - REBUILD - SUSTAIN approach. These represent three different stages of our proposed economic approach to mitigating the effects of COVID-19 pandemic. While the effects of the pandemic are far-reaching, ... Read More
COVID-19 has dealt a big blow to the global economy. In order to stem the spread, entire countries are going on lockdown. Data from China tells us just how outputs and incomes will suffer more if a lockdown is initiated. And while it is hard, it is a necessary evil to stem the spread. Kenya ... Read More
ARE THERE SAFEGUARDS IN THE BUDGET CYCLE IF THE COVID PANDEMIC EXTENDS BEYOND APRIL, MAY AND JUNE 2020?
One of the key concerns to us as a country around this period when globally every government and nation is battling through COVID-19 is to what extent the pandemic will affect the budgeting cycle at both the national and county level. Are there safeguards to ensure that there is a seamless ... Read More
In the past years, Kenya has experienced several destructive natural disasters. In 2019 alone, furious landslides and flash floods killed 132 people in West Pokot; perennial droughts across 12 counties left over to one million people without food; locusts then invaded 17 counties ravaging ... Read More
Who should settle the outstanding pending bills – Nairobi City County or Nairobi Metropolitan Services?
In our article published in the Business Daily ”Transfer of functions from Nairobi City County fiscal implications”,we captured 3 of the most significant insights into the unchecked fiscal gap following the startling transfer of key functions from Nairobi City County (NCC), to the National ... Read More
The inadequacy of the Constitution to conclusively guide a process was evident two weeks ago during the transfer of key functions from Nairobi City County, to the national government. The reaction to the matter was huge as Kenyans were caught unaware, since public consultation wasn’t adhered ... Read More
For a subject that affects every aspect of everyone's life, public finance management (PFM) can be a difficult subject to engage with. Unless sensationalized on the news about the misuse of public funds through corruption cases, no one is really interested in budgets, tax frameworks or absorption ... Read More