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"The IMF will basically ask Kenya to regroup and present a new reform plan." At least 39 people have been killed in the protests since mid-June, according to a government-funded human rights ...
The Kenya Finance Bill protests, widely known by #RejectFinanceBill2024, or Gen Z protests, were a series of decentralized mass protests in Kenya against tax increases proposed by the Government of Kenya in the Finance Bill 2024. [11] Following the storming of the Kenyan Parliament, president William Ruto reportedly rejected the Bill on 28 June ...
July 3, 2024 at 11:10 AM. NAIROBI (Reuters) - Kenya has named central bank economist Raphael Owino as the new head of its debt management office, the finance ministry said on Wednesday. Owino ...
NAIROBI (Reuters) -Kenya's government plans to cut 2024-25 spending by 1.9% and widen the fiscal deficit to 3.6% of GDP in a revised budget, the treasury said, weeks after it was forced to roll ...
The Kenya Finance Bill 2024 was a piece of legislation that proposed changes to the tax system of Kenya, [1] which involves tax increases. [2] The proposed bill aims to raise 346 billion Kenyan shillings (KSh) to pay off debt and fund development projects. [2][3] It was first introduced in May 2024 and has been controversial, [4] with some ...
The economy of Kenya is market-based with a few state enterprises. Kenya has an emerging market and is an averagely industrialised nation ahead of its East African peers. Currently a lower middle income nation, Kenya plans to be a newly industrialised nation by 2030. The major industries driving the Kenyan economy include financial services ...
NAIROBI, Kenya (AP) — Thousands of mostly young people demonstrated Thursday in Kenya’s capital and across the country against new tax proposals by the administration of President William Ruto ...
Sister newspapers. Daily Nation & The EastAfrican. Website. businessdailyafrica.com. Business Daily Africa, commonly known as Business Daily, is an English-language daily business newspaper published in Kenya. The newspaper is published by Nation Media Group from its headquarters at Nation Centre on Kimathi Street in Nairobi, Kenya. [1]