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This is the first major setback for the administration's fiscal consolidation efforts, which had initially made progress.
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DOI: 10.1108/OXAN-DB288334
ISSN: 2633-304X
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After redeeming much of its USD2bn Eurobond in February, the government has effectively dispelled fears of a default. Nevertheless, it remains under pressure to consolidate public…
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DOI: 10.1108/OXAN-DB286934
ISSN: 2633-304X
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Separately, the government is locked in a battle with county administrations that are demanding increased funds. Together, devolution and a resolute judiciary are complicating…
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DOI: 10.1108/OXAN-DB285135
ISSN: 2633-304X
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The weakness of the Kenyan shilling, which is constantly hitting new record lows, has generated so much concern that, on October 24, parliament summoned the central bank governor…
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DOI: 10.1108/OXAN-DB283254
ISSN: 2633-304X
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KENYA: New deal may encourage Nairobi’s bond hopes
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DOI: 10.1108/OXAN-ES284924
ISSN: 2633-304X
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By prioritising debt repayments over salary payments (and refraining from short-term borrowing to pay salaries), the government is signalling its commitment to servicing debts…
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DOI: 10.1108/OXAN-DB278562
ISSN: 2633-304X
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President William Ruto wants to use this bill to increase government revenue to help manage the difficult fiscal situation. However, the bill’s critics warn it may aggravate an…
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DOI: 10.1108/OXAN-DB279645
ISSN: 2633-304X
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KENYA: Cash crunch underscores fiscal challenges
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DOI: 10.1108/OXAN-ES278354
ISSN: 2633-304X
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In this context, he faces major challenges, having promised a policy broadly in line with IMF recommendations -- to strengthen fiscal and debt management, widen the tax base…
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DOI: 10.1108/OXAN-DB273410
ISSN: 2633-304X
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KENYA: Equity fears will focus eyes on China debt