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During 2017, the Treasury will likely spend an estimated 40 out of every 100 shillings (40%) of money collected from taxpayers on servicing loans, as the country’s annual debt repayment is set to hit Sh618.5 billion.
In the explanatory notes to the Division of Revenue Bill, the Treasury…Continue
The KNBS noted that the rise in inflation is mainly due to an increase in the cost of food and non-alcoholic drinks – the Food and…Continue
Telkom Kenya has appointed former Safaricom head of Finance, Planning and Analysis, Sundararaman Pattabiraman, as its new CFO. Pattabiraman, a career accountant, has more than 22 years of experience across Africa and Asia, 16 of which have been in the…Continue
As it takes a step back from external borrowing, Kenya’s National Treasury intends to raise a further Sh59 billion from the domestic market this fiscal year, pushing the target amount to Sh294 billion.
According to the 2016 Budget outlook paper…Continue