‘New era’ in malaria control begins with vaccination of children in Ivory Coast
In 2021, WHO endorsed the first malaria vaccine, known as Mosquirix, made by GSK. But that vaccine requires four doses and protection fades within months. GSK also previously said it would only be able to make about 15 million doses.
S&P Global doesn’t expect recent protests in Kenya to derail IMF plans, will make rating call in August
Under pressure, Kenyan President William Ruto’s government took a step on Monday to try and keep the IMF on side, saying it would cut 2024-25 spending by 1.9 per cent to claw back some of the money that it had hoped to bring in from the now-scrapped tax hikes.
Hard times fall on Kenyans as treasury cuts spending in revised budget after tax-hike rollback
Public demonstrations began last month against the now-binned tax hikes, but went on to demand Ruto’s resignation and deep-rooted political changes to tackle corruption and poor governance.
Strucural adjustments: IMF assesses recent Kenya developments as part of programme review
On Thursday, President William Ruto followed up the move with the dismissal of his entire cabinet and attorney general.
Moody’s pushes Kenya’s credit rating deeper into junk upon withdrawal of planned tax hikes
Moody’s said that while the spending cuts should narrow fiscal deficit, it would be at a more gradual pace than previously assumed, and as a result expect Kenya’s debt affordability to remain weaker for longer.
Boeing pleads guilty to criminal fraud conspiracy to resolve investigations into 737 MAX fatal crashes
Pentagon spokesperson Air Force Major General Patrick Ryder told reporters the agency would make an assessment to decide the impact of the guilty plea on Boeing’s contracts. He did not address whether the agency was in talks with the planemaker.
Austerity: Subdued Kenya’s President Ruto caves in to nationwide protests against state extravagance
Austerity measures will include the dissolution of 47 state corporations, a 50 per cent reduction in the number of government advisers, the suspension of non-essential travel by public office bearers and the removal of budget lines for the president and deputy president’s spouses, he said.
Economist Owino succeeds Sirima at Central Bank of Kenya as head of debt management office
Kenya’s public finances were in focus early this year because of concerns it could default over a $2 billion international bond, and more recently because of violent protests that forced President William Ruto to withdraw planned tax hikes.
Revealed: Desperate Kenya’s President Ruto calls IMF boss after being forced to recall contentious tax plan
Analysts say its withdrawal a week ago is likely to result in Kenya missing key programme targets, although the government does not urgently need cash from the IMF after it was able this year to repay a bond that was originally worth $2 billion by issuing a new seven-year bond.
PMI: Kenya’s private sector activity shrinks in June as a result of cost-of-living crisis, protests
The Stanbic Bank Kenya Purchasing Managers’ Index (PMI) fell to 47.2 in June from 51.8 in May. Readings below 50.0 signal contraction.
