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WILLIAM RUTO
The IMF itself has admitted that the reforms have not yielded the desired outcomes. In its latest economic outlook for Sub-Saharan Africa, the Fund noted that the ongoing reforms have yet to deliver meaningful results.
Kenya’s government says it is planning to reintroduce tax measures from a controversial Finance bill withdrawn in June after deadly protests, aiming to raise an additional 150 billion shillings ($1.2 billion), according a report by Reuters.
Kenyan President William Ruto, on Wednesday withdrew proposed tax increases contained in the controversial finance bill 2024 in response to widespread protests.
Kenya is negotiating with a subsidiary of Nigeria’s Sahara Group Ltd. to jointly construct a 30,000-ton facility for handling and storing liquefied petroleum gas (LPG), according to sources familiar with the matter.
The Kenyan president, William Ruto, has announced that his administration is poised to privatize 35 state-owned companies which he said are underperforming due to inefficiency in bureaucracy, according to BBC.
President William Ruto announced on Saturday during his keynote address at the Three Basins Climate Change Conference in Brazzaville, Congo, that starting in 2024, visa requirements will be waived for African nationals planning to visit Kenya.
Fatih Birol, the Executive Director of the International Energy Agency (IEA), and the President of Kenya, William Ruto have called for a New Energy Pact for Africa.
Amidst fear of a potential default for sub-Saharan African countries, Kenya's president explains why his country will not default
The currency of East Africa's largest economy has fallen by 6.46% against the US dollar since January.
Although he served as Kenya’s vice president for the past 9 years, the president-elect spent his campaign criticizing the country's government for not doing more for the poor.
President Buhari has congratulated Kenya's president-elect, William Ruto, adding that he is committed to working on a fruitful relationship between both nations.
Sources within the Nigerian FinTech community have classified these accusations as slander, far from the truth, and politically motivated.