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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

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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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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.

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Jimmy Wanjigi moves to become Ruto's leading opponent

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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.

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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.

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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.

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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.

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Ruto targets lucrative energy deals signed in Kenyatta era

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Critically short-staffed KRA seeks urgent treasury lifeline

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Under pressure, Ruto backpedals on state borrowing

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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

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

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

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Ruto deploys sleuths in hundreds of state agencies

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Ruto targets lucrative energy deals signed in Kenyatta era

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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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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

Botswana, South Africa
From Gaborone to Antwerp, is De Beers's empire on the rocks?

Mali, Senegal, Togo
The secrets of Demex, the trader selling Russian oil in West Africa

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