President William Ruto’s decision to reduce the Value Added Tax (VAT) on fuel from 16 percent to 8 percent is being celebrated as a significant relief measure. However, this policy shift reveals a more complex and troubling reality.Kenya lacks full control over its fuel prices and the overall cost of
Tag: inflation Kenya
IMF Assures Support for Kenya Amid Unstable Global Economy
The International Monetary Fund (IMF) has reaffirmed its commitment to supporting Kenya following high-level discussions aimed at bolstering the nation’s economic stability amid a volatile global market.In a statement released on their X account after the 2026 Spring Meetings held at IMF Headquarters on April 13, 2026, the National Treasury