KENYA: DEFYING ECONOMIC REALITY
Wed, 17 June 2020
Kenya’s 2020/2021 budget is a politically motivated give-away of tax refunds and unpaid bills to political leaders and connected businesses that defies economic reality and will further balloon the country’s debt burden. As ambitious capital investment plans are maintained in the lead-up to presidential elections in 2022 and oil production dreams are put aside, Kenya’s economy stares into a different reality.
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