Abstract Financing fiscal deficit in any country is undertaken with the sole purpose of promoting economic growth and development. However, fiscal deficit financing can be a major source of macroeconomic instability, especially inflation, depending on how it is achieved. Inflation in sub-Saharan Africa has persistently been high, almost double-digit, and volatile compared to other areas with developing countries such as Asia and Latin America. Thus, this study aimed at analyzing the relation...
Abstract Having a stable and high level of economic growth within a country is associated with numerous benefits to the citizens. In developing countries such as Kenya, the rate of economic growth has been low and always below the projected rate each year. In developed countries such as Germany, Japan, and Iceland, development in the real estate sector and investment in human capital have been identified as probable boosters of economic growth. In Kenya, many of the studies done to investiga...
Abstract Stable commercial banks stimulate economic growth by facilitating value exchanges. The stability of commercial banks in Kenya has been a concern because of the waves of collapse that have dotted the history of the banking sector. Studies on the drivers of bank stability are essential for providing policy directions to improve bank stability. Due to existing conflicting empirical evidence, this study further analyzes the relationship between competition, profitability, risk-taking be...
Abstract Banks create liquidity which in turn improves capital allocation and accelerates economic growth. Liquidity creation is essential and critical as it may lead to a stable financial system and provide growth opportunities. Liquidity has been observed to be more unstable in developing countries than in developed nations. Despite the rise in minimum deposits, commercial banks in Kenya, a developing country, struggle to optimize their profits due to reduced liquidity creation capacity. T...
Abstract Agriculture is very important to any society’s future. In most developing and developed countries, it is the major backbone of the economy and its production over the last three to four decades has increased significantly. In 2018, the agricultural sector boosted the Gross Domestic Product globally by 4% and in 2020, its average contribution was 35 percent to the Gross Domestic Production (GDP) and 65 percent to foreign exchange earnings in Kenya. Agriculture provides the main sou...
Abstract Tourism has evolved into a vital sector of Kenya’s economy by contributing to employment, alleviation of poverty, Gross Domestic Product (GDP), foreign exchange earnings, and a balance of payments surplus. Tourism is a productive economic activity that needs a stable macroeconomic environment for continued growth. Kenya’s Vision 2030 highlighted tourism among the economic pillars that will spur its achievement. The vision posits an annual growth rate of 10%. However, since Kenya...
Abstract Globally, revenue is viewed as a critical element of any state as it provides needed finances used to support key government projects such as investment in human capital, infrastructural development, and administering services to citizens and businesses. Kakamega County initiated revenue reforms in 2019 to improve revenue collection. However, the county is still experiencing massive deficits and shortfalls in its revenue collection which has hindered the completion of key projects a...
Abstract: Within the last decade, China has emerged as the single largest bilateral lender to Africa, being only comparable to the World Bank in terms of volumes. However, despite its growing presence, China has become infamous for lack of transparency in its lending practices; there is no accurate data regarding its outstanding debt stocks, debt flows, and most importantly, its lending terms and conditions. Using a set 37 original loan contracts between China and 10 different African countr...
Abstract: Studies on the Rise of Rwanda and development are not a new concept at all. However, most of these studies do not present concrete criteria for determining how the country has marketed herself as a regional hub for international conferences. This study attempts to fill the academic gap by examining other international conference cities and identifying the similarities or/ and differences they have with Kigali City. To achieve these objectives, this thesis employed a qualitative res...
Abstract: Bilateral and multilateral blocs play a fundamental role in advancing economic, political and socio-cultural integration among member nations. In this regard. BRICS was formed mainly on an economic theme. In Africa. South Africa is the only member of the BRICS. Some of the reasons of the country joining the bloc were prospects of enhancing global trade and market access, foreign direct investment and to increase its bargaining power. This study interrogated why South Africa was mot...
Abstract: Kenya's 2010 constitution declares equity to be an underlying princi ple of governance, which is constituent with its provision for devolution. While institutionalization of equity is acknowledged by the previously marginal ized, this is often not the case with beneficiaries of the old order. In order to efficaciously implement the letter and spirit of Kenya's constitution devolution, it is important for Kenyans to understand that while nature vastly differentiated their country, s...
Abstract: This study seeks to examine the potential of economic diplomacy for the promotion of intra-African trade, with a focus on the Common Market for Eastern and Southern Africa (COMESA) region. The study focuses on the following research questions: Do the different member states of COMESA apply economic diplomacy? What has been the impact of economic diplomacy COMESA member states? What is the way forward for economic diplomacy among COMESA member states? This study will apply a mixed m...
Abstract: Public Private Partnerships (PPPs) are considered an integral avenue for the pursuit of Kenya‟s development agenda. They are seen as a vehicle through which the government encourages and involves the private sector through investments in projects and services, give better value for money and transfer significant risk and management to the private sector. The adoption of the PPP arrangement by Kenya was prompted by the increasing demand for quality and affordable services from cit...
Abstract: The main objective of this study was to examine the role the private sector plays in attaining economic self-reliance in Kenya. Currently Kenya is in a debt crisis due to unsustainable external borrowing. The study was guided by two theories: institutional differences and new theory of management. The study employed a mixed methodology. The study seeks to find how through the PPPs Kenya can attain economic self-reliance as well as create a sustainable approach to detach from extern...
Abstract: Cash transfers have increasingly been regarded as best practice for social protection mechanisms in developing countries. In Kenya, the pilot program of cash transfer introduced in the year 2004 focused on Orphans and vulnerable children with the aim of mitigating the effect of Acquired Immuno Deficiency Syndrome (AIDS) and Human Immuno Virus (HIV) on children in the nation. In Malawi, the Social Cash Transfer was rolled out in 2006 on a pilot basis in response to chronic hunger an...