Out of every Sh100 the government collects in taxes, over two-thirds goes to debt service. The one-third left has to pay for all the national and county government operations and maintenance which is ...

Kenya's government will not impose new taxes or increase existing ones in this year's budget proposals, the finance minister ...

Kenya's economy is expected to grow by 5.4% in 2025, recovering from a slowdown that saw GDP expand just 4.7% in 2024 The Kenya National Bureau of Statistics attributed the 2024 slowdown to tight ...

Having described the new debt crisis in the first three parts of this series, we now turn to illustrating it with examples ...

The Central Bank of Nigeria (CBN), deploying various reform measures, has curtailed the once-wide gap between the official ...

The recurrent budget covers day-to-day operational expenses, such as salaries, utilities, maintenance, and office supplies.

BRUSSELS/LONDON - The United States is seeking to weaken a global deal aimed at helping developing countries struggling with ...

As the world knows, the people of Kenya made their frustrations against the IMF known last year, with protests against IMF fiscal and austerity policies. And this unrest led to President William Ruto ...

From the onset, the international mission to help Haiti wrest back control from armed gangs faced challenges and skepticism.

The IMF estimates Kenya’s gross domestic product (GDP) will rise to $132 billion in 2024, overtaking Ethiopia’s expected $117 ...

Everybody knows what ails the continent, but few know how to marshal its resources, says the bank’s former senior VP.

President William Ruto has defended his administration's controversial economic decisions, saying they are bearing fruit and have positioned Kenya among the leading economies in Africa, according to ...