Eastern Africa Association
Eastern Africa Association
The Eastern Africa Association is a source of insightful and helpful publications, guides, and advice for all visitors to our website. Contributors include EAA analysts, our Members, and a wide range of experts and official commentators. As a key service for Members only, we produce a regular Newsletter which contains our analysis of developments in the region.
You can search for material using the filters below, or access the latest publications in the library further down the page.
t is a relief, to see that at least the agenda for the bipartisan talks between the Government and the Opposition has been agreed. It remains to be seen if the discussions will be fruitful and result in a more unified country. The economy, while still growing, is perhaps stuttering with significant increases in taxes and consequently reductions in disposable income and so consumer spending.
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Kenya is facing political turmoil with the Opposition ramping up demonstrations that are now seeing the population come out spontaneously. It is imperative that some form of lasting truce is found between the Government and the Opposition. Inflationary pressures continue to impact the country and this is creating untold hardship on the citizens.
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Politically the country continues to be unsettled with the Opposition constantly threatening demonstrations and the Government appearing to be in a confused state. The World Bank is optimistic on the economy, although the reality is that the short-term is likely to be hard going.
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Political instability brought about by the demonstrations organised by the Opposition has left considerable uncertainty and taken its toll on the economy. Debt payments are rising and for the first time ever higher than normal recurrent expenditure. Economic activity is subdued and Government appears unable to meet its monthly recurrent expenditure obligations.
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Politically things look confused as the new Government sets its policies. The Opposition is planning demonstrations against the cost of living which is a concern. The economy appears to be stagnating and with tax revenues slowing down.
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The Opposition appear to be on the war path threatening to hold rallies around the country protesting at what they continue to believe was a stolen election and against the Government’s handling of the economy and the promises it made. The economy is showing signs of slowing down but is still likely to perform better than regional and global averages.
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The new Government is starting to keep some of its campaign promises but not quite in the way they said. A cohesive Executive is essential, but this is currently lacking. The country’s forex levels, and debt are at alarming levels and overall spending power has fallen.
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The new Government has taken over and seems to be making all the right noises in dealing with the problems being faced in Kenya. Whether it will be able to meet its promises remains to be seen, but without doubt, the current economic climate is going to be an issue. The country is performing above average on the economic front, but poverty levels are on the rise.
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The use and acceptance of cryptocurrencies In Africa is becoming more and more prevalent, and there have been recent positive signs in countries such Kenya, Mauritius, Tanzania, and Uganda. Our commentary highlights developments in Kenya, Tanzania and Uganda and is reproduced courtesy of Bowmans.
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