Tax agency paints rosy future of Kenya’s economic outlook after surpassing targets despite World and IMF’s gloomy forecast
Notwithstanding these challenges, KRA boss Humphrey Wattanga avers that KRA’s robust measures yielded a significant revenue collection turnaround in the second half of the financial year as revenue grew by 9.1 per cent, compared to the 4.5 per cent growth recorded in the first half of the financial year.
Fraud linked to Unification Church, high cost of living force Japan PM Kishida to thrown in towel
Kishida’s departure could mean tighter fiscal and monetary conditions depending on the candidate, according to Shoki Omori, chief Japan desk strategist at Mizuho Securities in Tokyo.
South Sudan teetering on the brink of collapse as oil revenues dwindle and police, army not paid in months
South Sudan’s economy largely depends on the oil it exports via neighbouring Sudan. But war in Sudan has created widespread chaos, and the pipeline in an area of fighting ruptured in February. The drop in oil revenues has compounded South Sudan’s long problem of official mismanagement.
Why subsidies are fuelling protests around the world fragile African economies taking a hit
Across Africa – and a string of other emerging market nations – debt-laden governments trying to shed costly fuel subsidies are running headlong into angry populations reeling from years of increasing living costs.
World financial markets jittery as investors are jolted by US job cut reports as recession looms
A report on Friday showing hiring by US employers slowed last month by much more than expected followed weak reports on manufacturing and construction and stoked fears the US economy was finally bending under the pressure of high interest rates. Investors worldwide sold stocks and moved to the safety of bonds, pushing bond yields sharply lower.
Student protests kill over 100 people as 220 million in India apply for ‘reserved’ government jobs
Sunil Kumar, a 30-year-old, has spent the past nine years of his life chasing a job in the Indian government. Packed with scores of others in makeshift classrooms under tin roofs with barely enough light and air, Kumar has spent years cramming for a variety of tests, including the prestigious...
Ugandan soldiers will be in DR Congo for a limited time, President Tshisekedi tells parliament
Democratic Republic of Congo’s President Felix Tshisekedi says he will ensure that Ugandan troops’ presence in Congo, where they are fighting an Islamist militant group alongside Congolese forces, is for a strictly limited period. Uganda and Congo launched a joint operation this month against the Allied Democratic Forces (ADF), an...
Kenya’s economy slows further down from projected ‘moderate’ growth
Cytonn Investment’s Senior Investment Analyst Caleb Mugendi says that the outlook for Kenya’s macroeconomic environment is positive, supported by expectations for strong economic growth
