A raft of fiscal reforms by President William Ruto of Kenya, aimed at increasing the country’s revenue to address its mounting fiscal challenges, has got the East African nation rumbling since last month. A Finance Bill with a new tax regime being considered by the parliament had provided the trigger. The Bill has however been dropped as a wave of nationwide protests it set off was capable of consuming the country and government.
Faced with a daunting debt burden of $80 billion,…
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