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...
Kenya therefore borrowed domestically and externally to address the health pandemic as well as to cushion the poor who were affected by the measures put in place to reduce the rate of infections. In the pre-COVID 19 era, Kenya already had a debt sustainability issue, especially due to its d...
NAIROBI —KenyanPresident William Rutosaid Wednesday he won’t sign into law a finance bill proposing new taxes, a day after protesters stormed parliament and several people were shot dead. It was the biggest assault on Kenya’s government in decades. The governme...
Kenya: Concerns grow over bill seeking to scrap live streaming of election results Under proposed changes to Kenya’s elections law, the Independent Electoral and Boundaries Commission would no longer be required to transmit the resul... outspoken critic Nigeria: Who is Ali Ndume, the ruli...
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...
a contentious finance bill laden with tax hikes that was passed by the country's parliament. With the deaths and injuries still being counted, the protesters' message appeared to have convinced Kenya's president to back down, and he said Wednesday that he would not sign the bill...
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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Arabian Business profiles 50 business leaders who are propelling the Middle East towards a bright future
If you look at countries with a similar GDP per capita to Nigeria, you will find very big differences in insurance penetration, which measures the total gross premiums of the industry against nominal GDP. For example, India has an insurance penetration rate of 3.69 percent, while Kenya has a...