Kenya strikes ‘deal’ with IMF on economic, fiscal challenges that’s likely to loosen lender’s purse
Kenya agreed a four-year loan with the IMF in 2021 and signed up for additional lending to support climate change measures in May 2023, taking its total IMF loan access to $3.6 billion.
Kenya forecasts budget deficit will fall to 3.5 per cent of gross domestic product next fiscal year
The budget deficit is expected to drop further to 3.3 per cent of GDP in the 2026/27 fiscal year, the finance ministry said in the draft budget outlook paper seen by Reuters on Tuesday.
In wake of anti-tax protests and credit worthiness downgrades, Kenya begins national debt audit
During the height of the protests, President William Ruto appointed a committee to perform the audit. However, several appointees, including the head of the Law Society of Kenya, declined the appointments, saying the task should be carried out by the auditor-general.
Kenyan and Zambian currencies to hold steady against green buck as Nigeria’s and Uganda’s fluctuate
The local unit rallied strongly early this year as concerns eased that the East African country would default on a $2 billion Eurobond that matured in June, but it lost momentum from April onwards.
Strike at Kenya’s main airport causes flight delays, cancellations as workers press for lease deal revocation
The Kenya Airports Authority, which is responsible for managing the airport, said minimal operations at JKIA had resumed by 7:00 am (0400 GMT) and it was engaging with relevant parties to normalise the situation.
Adani fraud: Flights grounded at Kenya’s main airport as workers protest award of tender to Indian firm
The Kenya Airports Authority said in a statement that it was “engaging relevant parties to normalise operations” and urged passengers to contact respective airlines to confirm flight status.
Kenyan pathologists, morticians start identifying bodies of pupils who died in school dormitory fire
Eighteen boys aged between 10 and 14 are known to have died and 27 were hospitalised after the Thursday night fire at Hillside Endarasha Primary school, but 70 others are still unaccounted-for.
Kenyan manufacturers frustrated by frequent outages as the country suffers nationwide blackout
Since President William Ruto came to power, power outages have become routine. The Kenya Association of Manufacturers (KAM) have raised concerns about the frequency of blackouts that affect their businesses adversely when they happen.
Safety concerns raised again Kenyan institutions as fire kills 17 pupils in a school dormitory
Government spokesperson Isaac Mwaura said the boys were in grades 4 to 8, putting their ages at about 9 to 13-years-old. He said in a statement the dormitory housed 156 students.
Why mistrust between warring communities creates an arms race among pastoralists in Kenya
Free movement across the rangelands is central to both the local economy and the pastoral lifestyle. But the creation of county borders following devolution in 2013 has interrupted that mobility and led to boundary disputes – particularly in areas with abundant grazing land, water and minerals, with communities vying for control.
