Kenya mulls $1 billion ‘debt-for-food’ swap to ease its burgeoning foreign debt portfolio
Kenya, which is East Africa’s biggest economy, had a total public debt equivalent to 67.8 per cent of its gross domestic product at the end of June this year, the Finance Ministry said in the document called an annual borrowing plan.
Kenyan parliament opposes tax authority’s push for unrestricted data access
The bill, however, aims to raise an extra 30 billion shillings ($233 million), mainly through boosting tax compliance. The provision is necessary to allow the KRA access to financial information belonging to businesses and individuals, to help its officials detect any tax evasion, the minister had said.
Kenya’s finance minister sets aside Ksh138.1 billion in budget to address turbulence in health sector
Out of the proposed allocation, Ksh6.2 billion was proposed for Universal Health Coverage Coordination and Management, while Ksh13.1 billion went to the Primary Healthcare Fund, and Ksh430 million to provide medical cover for the orphans, elderly and severely disabled persons.
