American global rating agency Moody’s has downgraded Kenya’s credit standing from B3 to Caa1 after the withdrawal of the finance bill following weeks of anti-government protests. The credit rating agency cited failure to implement austerity measures on expenditure foregoing revenue-raising measures in the Finance Bill 2024. President William Ruto’s withdrawal of the finance bill, a…...
Trending
- Senegal raises 68.030 billion CFA francs on the UEMOA financial market
- The International Mediation and Arbitration Center of Casablanca (CIMAC)
- Senegal: LOCAFRIQUE sentenced to over 2.1 billion FCFA against ABC FUND
- Ivory Coast: The “FCTC EPT 2025-2040”, amounting to 99.01 million dollars, admitted to the listing of the BRVM
- Senegal: PETROSEN to exclusively recover the license of the Yakaar-Teranga gas block
- Cameroon: COBAC validates the nationalization of Société Générale
- Cameroon: Nearly 180 million USD to boost inclusive education and human capital
- Guinea: Cegelec wins the construction of a 50 MWc solar power plant
Moody’s downgrades Kenya’s rating over withdrawn Finance Bill
William Ruto, president of Kenya
Muthoga Mungania
Muthoga Mungania is an award-winning, Nairobi-based multimedia journalist covering economic, corporate, financial, tech and investor relations matters among other business stories. Muthoga is seasoned in data and market analysis, corporate finance, and economic trends, making them a trusted voice in East African business journalism, communications and consultancy.
Add A Comment
About us
Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. The aim of Kapital Afrik is to provide financial and political news, give priority to human entrepreneurial experiences, lend life to economic policies, give meaning to statistics….
Contact us: redaction@financialafrik.com