Debt expenses surpass Kenya’s ordinary revenue flows
Nairobi, Aug. 23, 2023: Kenya's debt repayment costs exceeded revenue from taxes and fees on services in the first month ...
Tag: Kenya
Kenya-US trade deal a potential model for Africa
The US and Kenya announced a trade and investment partnership in July 2022. Talks have been progressing on the way ...
Kenya’s spiralling national debt worrisome
Kenya borrowed the largest amount of money in a single year during President William Ruto’s first year in office, pushing ...
Kenya reinstates small fuel subsidy in government U-turn
Nairobi, Aug. 15, 2023: Kenya’s energy regulator announced that the country had reinstated a small subsidy to stabilise retail fuel ...
Kenya retreats from domestic borrowing to cool interest rates
The Central Bank of Kenya (CBK) has revealed that the Treasury has cut the net domestic borrowing target from Ksh586.5 ...
World Bank extends $2.5m to boost SMEs in Kenya
Nairobi, Aug. 11, 2023: The World Bank is providing more than 359 million Kenyan shillings (2.5 million U.S. dollars) to ...
Kenya to consult IMF when it loses handle on inflation
The International Monetary Fund (IMF) has revealed a monetary policy consultation clause with the Central Bank of Kenya as it ...
IMF approves $1bn loan for Kenya
Nairobi, July 19, 2023: The International Monetary Fund (IMF) said it has approved almost one billion U.S. dollars for Kenya ...
Kenya’s fuel taxes beat South Africa, US on higher VAT
Kenya has joined the league of countries collecting the highest taxes on fuel, calculated as a percentage of the final ...
Kenya secures $500 million new syndicated loan
Kenya has secured a $500 million syndicated loan arranged by a consortium of five international lenders, with the proceeds expected ...
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