Activity: Launch of the study on social accountability work
Date: Thursday, 27th February 2020
Time: 8:30a.m - 11:00a.m
Venue: Sarova Stanley Hotel, Nairobi
Attendance: IEA Members, Media and the General Public.
In spite of free primary education and subsidised secondary schooling, a whopping 58 per cent of children drop out before sitting KCSE examination, shows a review of education data by Nation Newsplex and the Institute of Economic Affairs.
In the last quarter of 2015, the government said the money deposited in the foreign accounts earned only Sh14.9 billion as interest, a figure that analysts including the Institute of Economic Affairs said was too low, raising questions over what rate the state had negotiated.
The Institute of Economic Affairs (IEA) said that while 1.3 million children joined primary schools at the start of free primary education (FPE) by President Mwai Kibaki in 2003, only 875,300 made it to Standard Eight.
The variety of responses to the speech and interpretations of it made it clear that the view Kenyans of this country is very different from reality.
Institute of Economic Affairs Executive Director Kwame Owino argued that Kenya borrowed at the wrong time, which made local interest rates rise. Read more at:
John Mutua, Head of Public Finance Management Programme at the Institute of Economic Affairs, however, is cautious to compare Greece with Kenya, saying although Treasury needs to tame the runaway public expenditure...
Education policy in Kenya has been based on hiring teachers, keeping them on the same salary scale for most of their lives and arbitrarily selecting a few for promotion every year.
Some economists will tell you that he made valid points. Kwame Owino, the chief executive officer of the Institute of Economic Affairs told me that his main concern is the long-term consequences.