Business Daily | by Otiato Guguyu
Kenya stands a better chance of getting a financing deal with the IMF following this month’s reversal of corona tax subsidies that has signalled that the National Treasury is committed to improving its fiscal position, global ratings agency Moody’s has said.
Last year, Moody’s put Kenya B2 rating on a negative outlook citing huge external debt, lower revenues and currency risks.
The ratings firm now says the return of income and value added tax to pre-Covid rates will reverse the…
