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).
16 Apr 2025
- The new scam targets individuals seeking to register for SHA.
16 Apr 2025
- So far, Kenyan celebrities and social media influencers have jumped on the train of using the dental braces to lose weight.
16 Apr 2025
- The clarification followed allegations from former DP Gachagua, which caused public uproar.
16 Apr 2025
- The financial rot at the Technical University of Kenya is now under the spotlight, as both past and current administrators faced tough questions over how the institution sank into billions in debt.
16 Apr 2025
- The Rapid Support Forces RSF has declared a parallel government in Sudan challenging the military leadership Led by General Abdel Fattal Al Burhan and escalating a conflict already tearing Sudan apart.
16 Apr 2025
- President William Ruto has called for collective responsibility and action in the security and stability of the country.
16 Apr 2025
- Approximately 12 Kenyans lost their lives in road accidents in the 2024/25 financial year, according to the latest report by the National Transport and Safety Authority (NTSA).
16 Apr 2025
- With just two months remaining to the end of the financial year, the government is yet to disburse Ksh.33 billion to the National Government Constituency Development Fund (NG-CDF), sparking concern among lawmakers.
16 Apr 2025
- Say she lacks deep understanding of gender-based-violence, women’s rights
16 Apr 2025
- The National Assembly has approved the nomination of Stephen Isaboke as Principal Secretary for Broadcasting and Telecommunications but recommended that he be reassigned to a different state department due to potential conflict of interest stemming from…
16 Apr 2025
- President William Ruto has berated former Kakamega Senator Cleophas Malala, the playwright behind Butere Girls' play Echoes of War, citing that his administration will protect the children from negative antics at all costs.
16 Apr 2025
- He issued a stern warning while hosting the winners of 2025 drama and film festival.
16 Apr 2025
- It is difficult for her to dislodge the mental pictures of when she once thought she had fallen in love.
