Fiscal Outlook 2025 || Business Redefined
2025 promises to be an exciting year in Kenya from a fiscal perspective.
Among the key issues we are looking forward to:
· The country's US$3.6 billion programme with the International Monetary Fund lapses in April. What does the road ahead look like? Possibly another funded programme? Is Kenya re-routing itself to a precautionary arrangement with the fund? No successor programme at all?
· The first tranche of Kenya's 2027 US$900.0M 7.0% coupon eurobond (issue USDXS1843435840) maturity is due this year. It will be a US$300.0M payment. On the whole, external debt service obligations for 2024/25 stand at US$4.56 billion
· Revenue outturn for 2024/25 was off to a bumpy start after the collapse of Finance Bill 2024. Now that we have the Tax Laws (Amendment) Act 2024 & the Tax Procedures (Amendment) Act 2024, can this be salvaged? Will the US$1.35 billion worth of additional revenue targeted via the two tax laws be realised?
· With Supplementary Appropriations II 2024/25 in the horizon, will Kenya still maintain the 4.3% fiscal deficit to GDP target in line with the programme with the International Monetary Fund?
This & a lot more in my conversation with Churchill Ogutu airing on NTV Kenya on Jan 14th, 2025 1930hrs (EAT).
15 Jan 2025
- The lawyer's death has sent the legal fraternity in mourning.
15 Jan 2025
- Learners have been in school for just over a week but some of them might be sent home soon.
15 Jan 2025
- This is despite China's commitment to extending the railway to neighbouring Uganda.
15 Jan 2025
- Puritans may also argue that this robs the rite of its sting, given the reasons for which it was/is traditionally practised.
15 Jan 2025
- Impeached South Korean leader Yoon Suk Yeol was arrested on Wednesday over his failed martial law bid, ending a weeks-long standoff with authorities and becoming the first president to be detained in the nation's history.
15 Jan 2025
- Muracia, who was appointed by former Deputy President Rigathi Gachagua to the commission established by President William Ruto, has faced allegations of exploiting organizational gaps to misappropriate resources.
15 Jan 2025
- Eight people have died in Tanzania following an outbreak of suspected Marburg Virus Disease (MVD) in the Kagera region, with health officials advising against any travel and trade restrictions with Tanzania.
15 Jan 2025
- Drama unfolded outside Wang'uru law courts in Mwea, Kirinyaga after a woman demanded the arrest and arraignment of a suspect in a Ksh.30 million fraud case who has failed to appear before court for plea taking for the last two years.
15 Jan 2025
- The substance, vivid against the grey smoke and charred landscape, is fire retardant -- much of it a product called Phos-Chek that has been used by the US Forest Service since the 1960s.
15 Jan 2025
- Dozens of nurses from public hospitals in Kisumu today marched in the streets of Kisumu to demand for better working conditions from the Kisumu county government as their strike entered the second day.
15 Jan 2025
- South African rescuers have pulled out 36 dead bodies and 82 survivors from a gold mine deep underground in two days of operations, police said on Tuesday, adding that the survivors would all face illegal mining and immigration charges.
15 Jan 2025
- While Riyadh has not detailed preparations for this year's pilgrimage -- still five months away -- authorities will no doubt want to avoid a repeat, said Abderrezak Bouchama of Saudi Arabia's King Abdullah International Medical Research Center.
15 Jan 2025
- The 40-year-old was at home in Kabanna in the Afar region, about 250 kilometres (155 miles) northeast of the capital Addis Ababa, when an earthquake struck in late December.
