The lender has demanded that Kenya address its budget shortfall by introducing new taxes and reducing spending.

The lender has demanded that Kenya address its budget shortfall by introducing new taxes and reducing spending.

CBK Governor Thugge reveals the global lender is yet to disburse a Sh96.9 billion loan under its development policy operation.

President Ruto's ambitious plan to reduce Kenya's reliance on debt-funded mega projects is facing a harsh fiscal reality marked by persistent revenue shortfalls, and a widening…