Finance Archives - Alphonce Shiundu

“A third of Kenya’s budget stolen? We checked former senator’s claim about much-travelled corruption statistics.”

March 1, 2023 / Africa, Corruption, Finance

Kenyan president William Ruto has stepped up his government’s campaign to increase tax revenues as he attempts to wean the country off expensive debt. His plans include freezing tax exemptions and, more controversially, tracking mobile money transactions. These plans were contained in a draft budget policy statement released on 18 January 2023. Kenya’s national treasury released the final version of the policy statement on 15 February. Speaking on NTV Kenya, Billow […]

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“Government revenues: Kenya’s new president wants to collect more tax money.”

November 24, 2022 / Africa, Finance

Kenya’s huge public debt is choking public spending and undermining the economy. The country’s new government therefore wants to increase tax revenues. When Kenya’s new President William Ruto addressed the country’s Parliament after taking office in September, he did something unusual. Typically, presidential speeches in Kenya focus on how the government will spend money. Instead,

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“Ousted Nairobi governor wrong to say Kenya president has borrowed ‘over KSh8 trillion in eight years’”.

January 26, 2021 / Africa, Finance

Ousted Nairobi governor Mike Sonko took to social media in January 2021 to defend his record in office, giving a lengthy list of his supposed achievements. Kenyan president Uhuru Kenyatta in turn, Sonko said, had little to show for his term in office. The two former allies have in recent months fallen out politically. “Despite borrowing over KSh8 trillion in the

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