Kenya to Borrow About $1.3 Billion to Compensate for Tax Bill
Kenya’s National Treasury will slash expenditure and take on more loans to compensate for revenue plans it was forced to abandon.
The government had planned to introduce new taxes to help raise 346 billion shillings ($2.7 billion) in the fiscal year that began on July 1. It scrapped that plan after protests that led to the deaths of at least 41 people.