Increased payroll taxes are one element of a desperate bid in Kenya to keep the government running and pay off the country’s ...

The conditions set by the IMF come after the government faced protests last year when it tried to expand taxes aggressively.

CBK governor Kamau Thugge noted that the IMF is willing to offer new access to loans after Kenya meets set conditions for the ...

Kenya is negotiating an increase in electricity imports from Ethiopia by 50 to 100 megawatts (MW) to address rising domestic demand and avoid potential power ...

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 ...

Kenya plans to limit its fiscal deficit to 4.5% of GDP in 2025/26, revising the budget to address economic challenges.

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

Kenya is projected to surpass Ethiopia as East Africa's largest economy in 2025, according to new data from the International Monetary Fund. The IMF forecasts Kenya's GDP will reach $132 billion next ...

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

Kenya plans austerity measures to significantly narrow its fiscal deficit in the year through June 2026, as it eyes a new International Monetary Fund program. The East African nation is seeking to ...