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Kenya
Ruto stands firm over finance bill

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Kenya

William Ruto's new order

Since coming to power in September 2022, Kenyan President William Ruto has sought to make good on his pledge to upend his adversaries' political "dynasties". Ruto is working to unravel their political and business networks, all while weaving his own. [...]

Keen to stay on good terms with international lenders who have recently released new funds, the Kenyan president is reluctant to tinker with his proposed budget, which calls for numerous new taxes and tax hikes. [...]

Published on 12/06/2023 at 05:40 GMT Reading time 2 minutes

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Politics

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“William Ruto's new order”

Kenya

William Ruto's new order

Set up email notifications for these topics

Central Bank of Kenya
David Ndii
International Monetary Fund
Kamau Thugge
Kenya Kwanza
Kenya Power
Kenya Revenue Authority
Musalia Mudavadi
Njuguna Ndungu
Raila Odinga
William Ruto
World Bank

Kenya
Nairobi still reluctant to sign up to OECD global minimum corporate tax

Kenya, where tech giants such as Amazon, Facebook, Google and Microsoft operate, wants to keep its own digital tax in place for now instead of adopting the OECD's new global minimum rate on corporate profits.

Free access Finance 09.04.2024

Kenya
Multi-billion dollar tax shortfall thwarts Ruto's economic plans

The Kenya Revenue Authority has collected considerably fewer shillings than expected, greatly irking President William Ruto's economic advisers and prompting a dressing down from the Treasury.

Subscribers only Finance, Politics 02.04.2024

Kenya
Ruto gambles on chalk-and-cheese financial advisers Ndii and Rotich

The Kenyan president has reorganised his team of economic advisers, bringing on board Henry Rotich, a former minister and architect of major government borrowing. But he and David Ndii, a debt critic who heads the President's Council of Economic Advisors, do not see eye to eye.

Subscribers only Finance, Politics 01.03.2024

Kenya
Jimmy Wanjigi moves to become Ruto's leading opponent

The business magnate turned political wild card has threatened to launch protests against the government if it fails to change its policies. But Wanjigi may struggle to drum up the opposition now that its leader Raila Odinga is moving closer to President Ruto.

Subscribers only Politics 29.02.2024

Kenya
Treasury under IMF pressure to settle outstanding contractor bills

The government has for the past two decades been racking up debts to its contractors. The situation has now become untenable and must be addressed if Kenya is to benefit from the next tranche of IMF aid.

Subscribers only Politics, Diplomacy 09.02.2024

Kenya
State agencies race for foreign currency as Kenyan shilling plummets

Invitations to tender in Kenya are increasingly issued in dollars or euros, prompting state-owned firms to invoice for their services in foreign currency. The trend towards dollarisation of the economy risks further draining the country's foreign exchange reserves, which are already at an all-time low.

Subscribers only Finance 06.02.2024

Kenya
Ruto wants to renegotiate reform timetable with World Bank and IMF

The Kenyan administration wants to review some of its privatisation commitments without damaging its good relations with the Washington DC-based international lending institutions.

Subscribers only Politics, Diplomacy 01.09.2023

Kenyan President William Ruto and Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), at the 'New Global Financing Compact' summit in Paris on 22 June 2023.

Kenya
Ruto caught between Washington and his own camp amid plans for tougher anti-gay law

Keen to alienate neither his political allies nor his foreign partners, the Kenyan president is saying very little about the controversial draft legislation.

Subscribers only Politics 25.08.2023

Kenya
Ruto deploys sleuths in hundreds of state agencies

The Kenyan government wants to keep a closer eye on the activities of numerous public and semi-public entities in the hope of reducing spending.

Subscribers only Politics 19.07.2023

President of Kenya William Ruto speaks during a joint press conference at the end of the New Global Financial Pact Summit, Paris, France, on 23 June 2023.

Kenya
Ruto targets lucrative energy deals signed in Kenyatta era

The ruling coalition is scrutinising the books of Kenya's independent electricity producers, whose tariffs skyrocketed in 2022. One of the aims of the investigation is to uncover potential links with the previous administration of Uhuru Kenyatta.

Subscribers only Energy 14.07.2023

Kenya
Critically short-staffed KRA seeks urgent treasury lifeline

The Kenya Revenue Authority has been haemorrhaging employees and struggling to recruit new staff at a time when the government is raising taxes across the board.

Subscribers only Finance 09.06.2023

Kenya
Under pressure, Ruto backpedals on state borrowing

Unable to pay civil servants or county government subsidies, the Kenyan president is considering resorting to international markets to cope with a cash shortage.

Subscribers only Finance, Politics 01.05.2023

Kenya
Ruto cautiously keen to resume $500m hydro dam projects

Plans to build the two Rift Valley dams were shelved in 2019 over concerns about corruption that led some of William Ruto's allies to lose their government jobs. The new president is now tentatively talking about getting the projects off the ground again.

Subscribers only Infrastructure 14.12.2022

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Central Bank of Kenya
David Ndii
International Monetary Fund
Kamau Thugge
Kenya Kwanza
Kenya Power
Kenya Revenue Authority
Musalia Mudavadi
Njuguna Ndungu
Raila Odinga
William Ruto
World Bank

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Kenya
Ruto stands firm over finance bill

William Ruto's new order

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William Ruto's new order

Set up email notifications for these topics

Kenya
Nairobi still reluctant to sign up to OECD global minimum corporate tax

Kenya
Multi-billion dollar tax shortfall thwarts Ruto's economic plans

Kenya
Ruto gambles on chalk-and-cheese financial advisers Ndii and Rotich

Kenya
Jimmy Wanjigi moves to become Ruto's leading opponent

Kenya
Treasury under IMF pressure to settle outstanding contractor bills

Kenya
State agencies race for foreign currency as Kenyan shilling plummets

Kenya
Ruto wants to renegotiate reform timetable with World Bank and IMF

Kenya
Ruto caught between Washington and his own camp amid plans for tougher anti-gay law

Kenya
Ruto deploys sleuths in hundreds of state agencies

Kenya
Ruto targets lucrative energy deals signed in Kenyatta era

Kenya
Critically short-staffed KRA seeks urgent treasury lifeline

Kenya
Under pressure, Ruto backpedals on state borrowing

Kenya
Ruto cautiously keen to resume $500m hydro dam projects

Set up email notifications for these topics

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Indigo Publications' websites

About Africa Intelligence

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Indigo Publications' websites

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Kenya Ruto stands firm over finance bill

William Ruto's new order

This article may be accessed by subscribers

Do you want a free trial before subscribing?

Create your free account

create a free account

William Ruto's new order

Set up email notifications for these topics

Kenya Nairobi still reluctant to sign up to OECD global minimum corporate tax

Kenya Multi-billion dollar tax shortfall thwarts Ruto's economic plans

Kenya Ruto gambles on chalk-and-cheese financial advisers Ndii and Rotich

Kenya Jimmy Wanjigi moves to become Ruto's leading opponent

Kenya Treasury under IMF pressure to settle outstanding contractor bills

Kenya State agencies race for foreign currency as Kenyan shilling plummets

Kenya Ruto wants to renegotiate reform timetable with World Bank and IMF

Kenya Ruto caught between Washington and his own camp amid plans for tougher anti-gay law

Kenya Ruto deploys sleuths in hundreds of state agencies

Kenya Ruto targets lucrative energy deals signed in Kenyatta era

Kenya Critically short-staffed KRA seeks urgent treasury lifeline

Kenya Under pressure, Ruto backpedals on state borrowing

Kenya Ruto cautiously keen to resume $500m hydro dam projects

Set up email notifications for these topics

About Africa Intelligence

Subscription

Africa Intelligence on social media

Indigo Publications' websites

Libya
From Tripoli to Benghazi, Turkish trader BGN's oil odyssey

Senegal
Guns and oil drive Russia's Dakar courtship

Kenya
Ruto stands firm over finance bill

Kenya
Nairobi still reluctant to sign up to OECD global minimum corporate tax

Kenya
Multi-billion dollar tax shortfall thwarts Ruto's economic plans

Kenya
Ruto gambles on chalk-and-cheese financial advisers Ndii and Rotich

Kenya
Jimmy Wanjigi moves to become Ruto's leading opponent

Kenya
Treasury under IMF pressure to settle outstanding contractor bills

Kenya
State agencies race for foreign currency as Kenyan shilling plummets

Kenya
Ruto wants to renegotiate reform timetable with World Bank and IMF

Kenya
Ruto caught between Washington and his own camp amid plans for tougher anti-gay law

Kenya
Ruto deploys sleuths in hundreds of state agencies

Kenya
Ruto targets lucrative energy deals signed in Kenyatta era

Kenya
Critically short-staffed KRA seeks urgent treasury lifeline

Kenya
Under pressure, Ruto backpedals on state borrowing

Kenya
Ruto cautiously keen to resume $500m hydro dam projects