Kenya plans austerity measures to significantly narrow its fiscal deficit in the year through June 2026, as it eyes a new ...

Kenya plans to limit its fiscal deficit to 4.5% of GDP in 2025/26, revising the budget to address economic challenges.

The conditions set by the IMF come after the government faced protests last year when it tried to expand taxes aggressively.

CBK governor Kamau Thugge noted that the IMF is willing to offer new access to loans after Kenya meets set conditions for the ...

On the development ladder, East Africa’s climb is emerging—but uneven. Kenya leads as the only country in the bloc recognised ...

Kenya will cap its fiscal deficit at 4.5% of GDP in 2025/26, down from 5.1% the previous year, and revise its initial budget ...

Kenya has demonstrated relative macroeconomic resilience. The Kenyan shilling appreciated by 21% in 2024, becoming the ...

Treasury Cabinet Secretary John Mbadi said that gaps that may have hindered access to the loan had been resolved.

Kenya is seeking realistic targets in a new program with the International Monetary Fund, according to a top government ...

Following the devaluation of Ethiopia's currency, Kenya is on course to surpass Ethiopia as the region's largest economy by ...

Despite the new development, concern is still rife as global factors threaten to stifle projected development.