Global credit ratings agency S&P has downgraded Kenya to B minus from B, marking the third such demotion since June, after similar actions by Fitch and Moody’s. This decline in rank comes on the back of the withdrawal of the controversial Finance Bill 2024 after nationwide protests. S&P also said the reason for the disparagement...
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Kenya Downgraded by S&P: Implications
William Ruto, president of Kenya ©DR
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.
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