Analysis & Essays

Policy briefs, explainers, and data-informed analysis on Kenya's economy.

Data Note·Apr 4, 2026·5 min read

The Bank Always Wins: 34 Years of Kenya's Interest Rate Data

A data analysis of commercial bank weighted average rates from 1991 to 2025 reveals one persistent truth: the gap between what banks charge borrowers and what they pay depositors has averaged 9.5 percentage points for three decades.

#banking#interest rates#monetary policy
analysis·Mar 21, 2026·5 min read

Kenya's Mobile Money Revolution: 18 Years of Data

From 307 agents and 20,000 accounts in 2007 to 473,000 agents and 89.5 million accounts in 2025. Here is what 18 years of CBK data shows about the infrastructure that reshaped Kenya's economy.

#Mobile Money#M-Pesa#Kenya
Data Note·Feb 18, 2026·5 min read

Kenya and Uganda: East Africa's Closest Trade Siblings

If Uganda shut its doors, Kenya's exports would fall by close to 40%. 28 years of export data reveal a dramatic structural pivot away from Europe toward East Africa.

#Exports#Uganda#East Africa
Longform Analysis·Feb 16, 2026·5 min read

Kenya and Uganda: The Closest Siblings in East African Trade

Should Uganda shut its doors, Kenya's exports would fall by nearly 40%. An analysis of 28 years of Kenya's export data reveals a dramatic shift toward the East African market.

#Exports#Uganda#East Africa
Data Note·Feb 14, 2026·5 min read

Which Month Do Kenyans in the Diaspora Send the Most Money Home?

It's not February, despite Valentine's Day. 15 years of diaspora remittance data reveal December dominance, a COVID shift that never reversed, and a North American corridor worth $2.9B annually.

#Remittances#Diaspora#Foreign Exchange
Explainer·Feb 10, 2026·5 min read

Kenya's Debt is More Than Numbers — Here's What 26 Years of Data Shows

Kenya's debt has grown 22.9× in 26 years. But the real danger isn't the size — it's the structure. Costs, currency risk, and a narrowing revenue base make Kenya's debt position far more precarious than the headline ratio suggests.

#Public Debt#Fiscal Policy#National Treasury
Longform Analysis·Feb 2, 2026·5 min read

Kenya's Debt Is More Than Numbers — Here's Why

Kenya's debt has grown 22.9× in 26 years. The debt-to-GDP looks manageable, but structure matters more than size — and the structure is deeply concerning.

#Public Debt#Fiscal Policy#Kenya Economy
Policy Brief·Jan 26, 2026·5 min read

Kenya's FY 2025/26 Budget: Six Structural Vulnerabilities

A review of Kenya's FY 2025/26 Financial Statement reveals revenue that is insufficient, a deficit financed largely domestically, and expenditure that is structurally rigid.

#Budget#Public Finance#Fiscal Policy
Explainer·Jan 19, 2026·5 min read

African Socialism and the Economic Foundations of Kenya

A short explainer on Kenya's Sessional Paper No. 10 — African Socialism and Its Application to Planning in Kenya — its context, and what it reveals about Kenya's early economic choices after independence.

#Economic History#Policy#Kenya
Explainer·Jan 5, 2026·5 min read

African Socialism and the Economic Foundations of Kenya

Sessional Paper No. 10 (1965) set out Kenya’s post-independence economic direction amid Cold War pressures. It defined African Socialism as pragmatic, non-aligned, and adaptable, balancing state authority and private enterprise while confronting constraints of capital, skills, and growth.

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Monthly data drops, policy analysis, and economic trends from Kenya.