Does Moody’s Downgrade of Kenya’s Debt Rating Matter?

The short and clear answer to this question is, it matters a lot.

Check out this article by @IEAKwame and this 🧵 ⬇️ As illustrated in Chart 1, public spending by the national government was behind the allocated amounts owing to delays in the revenue receipts from taxes and the expected borrowing from both the domestic and external sources.

Missed our webinar on: Unpacking and Assessing the Azimio La Umoja Plan?

The recording is available on YouTube!
If you missed our webinar "Unpacking and Assessing Kenya Kwanza Plan." Now you can re-watch it!

𝙎𝙩𝙖𝙧𝙩𝙞𝙣𝙜 𝙞𝙣 5 𝙈𝙞𝙣𝙨 !!

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@YouthAliveKenya
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@kefeado
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@KAS_Kenya Is @KisumuCountyKE on track in implementation of its budget for FY 2021/22 as was approved by the County Assembly?

#TrackingOurShillingKE

𝐀𝐳𝐢𝐦𝐢𝐨 𝐦𝐚𝐧𝐢𝐟𝐞𝐬𝐭𝐨 𝐥𝐨𝐧𝐠 𝐨𝐧 𝐩𝐫𝐨𝐦𝐢𝐬𝐞, 𝐬𝐡𝐨𝐫𝐭 𝐨𝐧 𝐝𝐞𝐭𝐚𝐢𝐥, 𝐛𝐮𝐭 𝐠𝐨𝐨𝐝 𝐟𝐨𝐫 𝐝𝐞𝐯𝐨𝐥𝐮𝐭𝐢𝐨𝐧- an article by @LeoKemboi & @IEAKwame
#KenyaPublicSquare #Cynicaldea @IEAKwame and @LeoKemboi aserts that an indispensable requirement for every coalition should do as opposed to the fancy stories it can tell.

@IEAKenya analysis shows that 91.5% of households buy second-hand clothes (𝐌𝐢𝐭𝐮𝐦𝐛𝐚) worth Ksh 1000 and below, and 8.5% buy second-hand clothes worth Ksh 1000 and above.

ieakenya.or.ke/download/the-s… Kenya is one of the largest importers of 𝗠𝗶𝘁𝘂𝗺𝗯𝗮 in Sub-Saharan Africa. The sector is therefore crucial to Kenya’s economy based on its contribution to employment and as a source for government revenues.

Out: @IEAKenya 's Response to call for comments and questions on CBK Discussion Paper on CBDC.

Read here: ieakenya.or.ke/?wpdmdl=2626 Key criteria to keep in mind for the success of CBDC would include: 1/4

The importance of a detailed market study along with attention to precedence

#Gender disparities in 🇰🇪’s entrepreneurship cycle are a manifestation of both the historical marginalisation of #women and the structural barriers limiting equal participation in the economy, says @JackyKagume

orfonline.org/research/gende… Recent progress in the legal framework has been suboptimal in closing the gender gaps, as seen in the persistent inequalities in formal employment and the high concentration of unlicensed women-owned enterprises in the informal sector.

Just 10 mins till we start our 𝐭𝐰𝐞𝐞𝐭𝐜𝐡𝐚𝐭 this afternoon.
Follow the conversation using #TrackingOurShillingKE #TrackingOurShillingKE
🔗ieakenya.or.ke/?wpdmdl=2595

The implementation of the budget at both levels of government requires authorization of the release of funds to spending units by @CoB_Kenya in fulfillment of the requirement of the CoK, 2010 under article 228(4) & (6) according to the approved budget.
ieakenya.or.ke/?wpdmdl=2475 The evolution of the sectoral growth rates indicates that while the tertiary sector is the largest contributor in the economic growth (2018/19 Q3 – 2019/20 Q3), it is the most volatile, especially having been worst hit in 2019/20 Q4 but recovered the strongest in 2020/21 Q4 👇

𝐏𝐚𝐫𝐭 𝟐: 𝐒𝐭𝐚𝐫𝐭𝐢𝐧𝐠 𝐢𝐧 𝟓 𝐌𝐢𝐧𝐬!!

𝐓𝐡𝐞 𝐜𝐨𝐦𝐦𝐞𝐧𝐭𝐚𝐫𝐲 𝐨𝐟 𝐭𝐡𝐞 𝐅𝐘𝟐𝟎𝟐𝟐/𝟐𝟑 𝐁𝐮𝐝𝐠𝐞𝐭 𝐫𝐞𝐚𝐝𝐢𝐧𝐠
#KEBudget2022_23 Policy measures for economic recovery in #KEBudget2022_23 should have a keen focus on revenue growth and building of economic resilience due to increased risk exposures from external debt

Our tweet chat is starting in 3 minutes! @j2mutua and colleagues @WNWamalwa @DJattani @RaphaelMuya3 will lead the conversation. #KEBudget2022_23 #KEBudget22_23

"The budget speech this year was underwhelming. Looking at the Finance Bill, which contains the tax code, it's so complex & imposes a great burden on firms, house holds & working people." @IEAKwame 👇🏿 The most profound issues that arise from this year's budget statement are on the revenue raising side & it's implications for Kenya's tax code. Four things stand out. #Followthread