The bill aimed to address Kenya's $80 billion debt, with the government opting for tax increases rather than spending cuts. Moody's subsequently downgraded Kenya's debt rating, citing the government's decision to abandon the tax hikes. Ruto has announced new borrowing plans and spending...
READ MORE Kenya budget: Limited support for Kenya Airways, ambitious tax targets The document, commonly referred to as the Finance Bill, had proposed a number of goods for tax increment to enable the government collect an extra KSh51.6bn ($441m) to Understand Africa's tomorrow... tod...
Theboard after completing fifth reviews under Kenya’s extended Fund Facility and Extended Credit Facility, allowing for an immediate disbursement of about USD415.4 million, noted the approval of the Financial Year 2023/24 Budget and 2023 Finance Act are crucial steps to support the ongoing consolida...
90. The Rookie Manager | Personal Finance Blog Kenya Blog https://www.rookie-manager.com/category/perso.. + Follow Blog The aim of this blog is to simplify personal finance. I write about budgeting, personal finance, management and doing business in Kenya, in a way that everyone will und...
The National Treasury has, in the 2023 Finance Bill, proposed to raise the cost of fertilisers and pest control products.
Kenya has been warned over its bulging debt repayment bill and the fact that it is increasingly using more of its tax revenue to settle debt rather than provide services. Figures from the Quarterly Economic and Budget Survey(Q4), 2019/20 shows that Kenya’s total debt rose significantly from...
Kenya’s president vows calm ‘at whatever cost’ after parliament stormed, set ablaze June 25, 2024 “We are dealing with a new phenomenon and a group of people that is not predictable. If it would have been the normal demonstrations, I’d say it will fiz...
It was not immediately clear whether the protests planned for Thursday would go ahead given Ruto's decision not to sign the finance bill. President of Kenya William Ruto addresses journalists during a press conference at the State House in Nairobi, June 26, 2024.SIMON MAINA/AFP/Get...
Kenya’s controversial tax hike bill which sparked street protests, resulting in the shooting of a frontline AFP photojournalist in Nairobi and protesters storming the parliament, has been adopted by parliament amid accusation that some MPs were bribed t
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