News Formal

Kenya’s capital market heightens as Ruto flip-flops on fresh borrowing plan

  • 📰 TheAfricaReport
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 55%

Business News

United States United States Latest News,United States United States Headlines

President William Ruto’s mixed sentiment on Kenya’s fresh borrowing plan, after scrapping the Finance Bill 2024, exposes the country to the risk of steep capital-market costs in the coming months.

, the government has issued varying borrowing targets ranging from KSh597bn to KSh1trn before finally settling on KSh766.7bn on Friday, 5 July.

The final borrowing figure comprises KSh169.7bn, which is part of the KSh346.7bn revenue gap that the bill sought to raise, and the KSh597bn that the country initially intended to borrow from this month to finance theEthiopia: East Africa Metals sees gold mine construction starting in coming weeks Better security of tenure would trigger more exploration of Ethiopia’s mineral resources, with Ethiopian Minerals Corporation saying mining can become...Zuri Health start-up is partnering with telecom giants MTN, Safaricom, and Telecel Group to enable digital borrowing for medical expenses.Industry Minister Ryad Mezzour advocates for increased US engagement in Africa, emphasising Morocco’s strategic position in green energy supply chains...

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 29. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Kenyan President William Ruto says finance bill to be withdrawn after anti-tax protest deathsKenyan President William Ruto says finance bill to be withdrawn after anti-tax protest deaths
Source: News24 - 🏆 4. / 80 Read more »

SA Reacts to Kenyan President William Ruto Declining to Sign Finance Bill That Sparked ProtestsThe president of Kenya, William Ruto, announced that he would not be signing the controversial Finance Bill after Kenya erupted into protests which claimed lives.
Source: brieflyza - 🏆 10. / 68 Read more »