Kenya’s Treasury has cut its tax target for the next financial year by $2.59 billion amid public outrage that saw the withdrawal of the finance bill 2024. In the newly published Budget Review and Outlook Paper (BROP) by the National Treasury, spending was slashed in revised changes in a bid to quell anger from Kenyans....
Trending
- London-based Actis sells Java House to two private equity firms
- South Sudan’s Central Bank threatens to revoke Stanbic’s licence on airline row
- Passengers stranded in Nairobi as airlines suspend flights to Somalia
- Trump freezes foreign development assistance leaving African deals in limbo
- CMC Motors exits East Africa on challenging economic environment
- Kenyan startup raises $4.5 million toward sustainable tourism
- World Bank suspends disbursements to Gabon on $27 million loan arrears
- Mozambique swears-in new president amid disputed polls