Kenya's Budget 2024/25: Tackling Debt and Protecting Economic Recovery
Finance Minister Njuguna Ndung’u announced that Kenya's 2024/25 budget will focus on addressing the nation's debt while ensuring economic stability and growth. The budget aims to support employment opportunities for youth and manage debt effectively. Total public debt stands at 68% of GDP, set to decline according to the World Bank.
The Kenyan Labour Dilemma: Declining Wages, Rising Taxes, and Job Insecurity
Kenya's labor market struggles with a significant dip in real wages and higher taxes, profoundly impacting both formal and informal sectors. A recent report underscores these challenges, highlighting a decrease in workers' salaries alongside increasing tax pressures.