Blow to President Ruto as High Court suspends Finance Act, 2023

In our opinion in the June Issue No. 89, we assessed and commented on the then highly debated Finance Bill 2023, which President Ruto has incessantly been forcing on Kenyans, as substantially unconstitutional and anti-devolution. Although having been assented into law on 26th June 2023, the implementation of the Finance Act, 2023 has now been […]

Economy, Finance & Tax, Issue 90 - July 2023
July 06, 2023
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Inside Kenya Kwanza’s budget

Kenya’s debt has remained sustainable, but with elevated risks of debt distress due to persistent global shocks that adversely affect the liquidity ratios. The depreciation of Kenya shilling against major currencies and the rise of interest rates have elevated the cost of debt service. Further, the depreciation of the currency has increased the size of […]