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Vol 65 No 8

Published 11th April 2024


Kenya

Austerity the price of debt workout dodge

Determined to avoid lengthy finance talks, the President gambles he can fix the economy before the next elections

Will President William Ruto's strategy – austerity now, pre-election bonanza later – pay off as Kenyans face another year of spending cuts and higher taxes? Ruto calculates that he will be able to show a turnaround in growth, jobs and investment well before general elections in 2027.

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