Today, the president of the republic of Kenya, Dr William Samoe Ruto and his wife, Mama Rachel Ruto together with deputy president, Hon Rigathi Gachagua hosted some clergymen at Statehouse garden for a thanksgiving ceremony for being elected in the previous elections. Several leaders mainly from Kenya Kwanza attented this event.
The IMF loaning Conditions The international monetary funds (IMF) has been one of the top source of funds to the Kenyan government. Through the IMF loans, the government has been able to boost the stability of the country's economy. The IMF loaning authorities have been setting numerous conditions to the government before approving the country's loan requests.
On Wednesday, the International Monetary Fund (IMF) stated that the new government of President-elect William Ruto will need to regulate expenditures and reduce spending in order to sustain the economy. The action is expected to increase pressure on the next administration, which must rely on IMF funding.
Hon. Wehliye Mohamed has said that the last administration of 10 years has not been running a free market economy. There was an attempt to control interest rates. FX rate was described by IMF as 'managed float', fuel & food prices were not at market price.
President Dr. William Samoei Ruto took to stage at the 77th session of UNGA in New York and gave one of the best keynote speech which left everyone talking. Dr. Ruto talked of major issues that affect Africa and the world at large. Further, Ruto highlighted food security, climate change and IMF debt payment.
Ruto inherited an economy that is in ICU - Samson Cherargei. Speaking on Wednesday, September 14, after the government hiked fuel prices in the country, Kiptoo disclosed the state is focused on shifting investment in other renewable energy sources. According to EPRA Director General, the energy stakeholders are negotiating with the government to lower the taxation regime.
On September 21, President William Ruto urged foreign leaders and financiers to assist the nation in reducing its Ksh8.6 trillion debt load. In his opening address to the UN General Assembly in New York, a clearly upbeat Ruto urged world leaders to postpone or reschedule debt repayment plans in order to aid middle-income countries in recovering from the pandemic's effects.
The Government of Kenya plans to end fuel subsidy by the end of the year, a move that would make motorists pay higher prices for a litre of petrol. This comes after the International Monetary Fund (IMF) said that the Treasury has committed to doing away with the subsidy by October.
The gоvernment hаs resроnded tо а wаrning issued by the Internаtiоnаl Mоnetаry Fund (IMF) саutiоning аgаinst the Ksh6.7 billiоn fuel subsidy аdорted tо сushiоn Kenyаns аgаinst unbeаrаble рriсes. Treаsury Саbinet Seсretаry Ukur Yаtаni аnd Сentrаl Bаnk оf Kenyа (СBK) Gоvernоr Раul Njоrоge wrоte tо the IMF nоtifying it thаt the gоvernment will susрend the subsidy in Deсember 2021.
The August General Elections has come and past with millions of Kenyans choosing to now go back to their various duties as the Supreme Court battle ensues. Whoever will take over the country after the Supreme Court ruling will have to contend themselves with the fact that the country is in a crisis what with the Chinese debt off the roof.
The International Monetary Fund has reportedly extended further Ksh.27.86 billion loan to Kenya which has brought the country's total disbursement for budget support to Ksh.143.29 billion. Sources indicates that the huge loan received from International Monetary Fund will help Kenya to cushion itself from the effects of COVID-19 and global shocks from the war between Russia and Ukraine.
Not yet ugali, cooking oil and other colossal things for Kenyans even after either party's presidency. International Monetary Funds (IMF) has left Raila and DP Ruto stuck in dilemma over cost of living. Both Azimio One Kenya presidential candidate Raila and Odinga Kenya Kwanza's DP William Ruto has promised to lower the cost of living once they assume power in forthcoming elections.
As part of measures to reduce the fiscal strains brought on by the fuel price stabilization mechanism, the administration plans to remove the fuel subsidy by the end of this year. The International Monetary Fund (IMF) has released a study that details Kenyan authorities' intended plan to gradually eliminate the fuel price cushioning mechanism.
Debt is not a prominent topic of discussion in the race for Kenya's presidency, even though it is likely the most significant challenge the country is now facing. The announcement that the government would not be issuing a new $1 billion Eurobond due to the current high-interest rates was made public by the Cabinet Secretary of the Treasury Department.
As per a recent International Monetary Fund (IMF) report, Kenya is the second worst country in the world to invest in. As shown in a latest International Monetary Fund evaluation (IMF), As per the poll, Kenya is only marginally better than Colombia in terms of political insecurity, which deters investors from investing billions of dollars in economic growth.
On Wednesday, Deputy President William Ruto stated that Azimio Presidential Candidate Raila Odinga was using stolen Covid-19 cash to run his campaign. Governors who have been traveling with Odinga, according to Deputy President Ruto, are helping to fund his presidential campaigns because they have been assured they will face no investigation from the state.
Raila vows to repossess Ruto land. The grounds in a letter to lds minister and anti-corruptionn agency, Azimio claims the Deputy President irregularly acquired 2,500 acres in Taita Taveta and wants title deed held pending setting up a commission of inquiry aMay it be Raila Or Ruto, Who evere takes charge at the helm of the country is expected to have a hard time in executing his plan or manifesto to Kenyans, this is after IMF put in place tough measure that have reaped in between Ruto's and Raila's agenda to lower the cost of living for the common Mwananchi.
Today Thursday 14th July, 2022, Interior Cabinet Secretaries Fred Matiang'i was today held a round table meeting. The meeting was for the World Bank, IMF and the European Union and all other investors In the country. They were meeting to get assurance of the peace before and after elections and that the country's economy is safe this season.
International Monetary Fund (IMF) Approves Ksh. 28 Billion Loan To Kenya. The International Monetary Fund (IMF) approved another loan to Kenya and this runs in the tune of 28 Billion Kenya shillings, that is $235.6 million. This new loan will now push Kenyas debt levels higher and it's the third trench of the three year loan program Kenya was given totaling to 143 billion Kenya shillings.
The International Monetary Fund, IMF has announced that Kenya is the second last country that one should invest in to get monetary gains. This is through a post on Twitter as shown below. This brings worrying news to Kenyans and external investors willing to come to Kenya now and in the future.