Kenya Economy | TRT Afrika

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Kenya to reintroduce tax hikes that sparked deadly protests

Kenya to reintroduce tax hikes that sparked deadly protests

The government has prepared three new tax and finance bills to be introduced soon in parliament.

Mobius: Kenyan carmaker accepts takeover bid

Mobius: Kenyan carmaker accepts takeover bid

Mobius had attracted a lot of interest since announcing earlier this month that it would wind down voluntarily.

Kenya's carmaker Mobius ceases operations

Kenya's carmaker Mobius ceases operations

Mobius was part of a push by investors and governments in Africa to create jobs by launching home-grown vehicle manufacturers.

Kenya finance minister nominee to 'disturb status quo' in wake of tax protests

Kenya finance minister nominee to 'disturb status quo' in wake of tax protests

John Mbadi told a parliamentary vetting panel that he would not support new taxes or increases, if he is confirmed to the role.

Kenya anti-tax protests resume as police seal off parliament

Kenya anti-tax protests resume as police seal off parliament

Thousands of young protesters have been taking to the streets of the capital, Nairobi, and other cities during protests since last week.

Kenya to ban import of shoes - president

Kenya to ban import of shoes - president

President William Ruto says the government is developing local capacity to handle hides and skins to provide quality raw material.

Medical services shut as Kenya doctors strike enters second week

Medical services shut as Kenya doctors strike enters second week

The striking doctors accuse the government of failing to implement a raft of promises, including a collective bargaining agreement signed in 2017.

Kenya says will repay $2bn Eurobond after default jitters

Kenya says will repay $2bn Eurobond after default jitters

Central Bank of Kenya Governor acknowledged concerns about the country's ability to repay the 10-year Eurobond.

Kenya ready to sell 35 state firms in privatisation push

Kenya ready to sell 35 state firms in privatisation push

President William Ruto said the government was also exploring options regarding some 100 state-owned firms.

Kenya's debt rises to historic high

Kenya's debt rises to historic high

Kenya's ability to repay international lenders has been downgraded from "stable to negative."

Kenya's President Ruto restores petrol subsidy

Kenya's President Ruto restores petrol subsidy

The subsidy measure comes in the wake of tax increases that sparked widespread protests in the country.

IMF approves $1 billion loan for Kenya

IMF approves $1 billion loan for Kenya

The global lender said Kenya had made good progress in implementing economic reforms despite facing the worst drought in decades.