David Herbling

Nairobi

Educator. Observer. Afro-optimist. Think & do. Corre @BloombergAfrica| Half-marathons keep my think clear. 2015 @AlfredFriendly fellow-@chicagotribune (own op)

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Articles

IMF Plans Kenya Debt Sustainability Study Ahead of New Deal

2 days ago | bloomberg.com | David Herbling

IMF branding. (Bloomberg) -- The International Monetary Fund plans an in-depth review of Kenya’s debt to determine the nation’s financing needs under a new program. A debt sustainability analysis will be conducted “by the time of the IMF board’s consideration of a request for a new fund program,” a spokesman said in an emailed response to questions.
Kenyan Leader Ruto Switches Tack on Taxes After Deadly Protests

1 week ago | news.bloombergtax.com | David Herbling

XYour Choices Regarding Cookies and IdentifiersWe and our 150 third party partners use cookies and similar technologies ("Cookies") and hashed identifiers (e.g., a hashed version of your name, email address or phone number) to help us identify you on our site and third-party sites and to process certain information, such as your IP address and digital identifiers, to analyze site usage and provide you with relevant advertisements and content.
Kenyan Leader Ruto Switches Tack on Taxes After Deadly Protests

1 week ago | bloomberg.com | David Herbling

An employee works by mobile phones inside a store in downtown Nairobi. (Bloomberg) -- Kenyan President William Ruto plans to scrap some tax breaks to help shore up the state’s coffers, a change in strategy that comes after proposals to introduce new levies sparked deadly protests and nearly toppled his government last year before they were abandoned.
Kenya Slashes 2025 Finance Bill Target to 25b-30b Shillings

1 week ago | news.bloomberglaw.com | David Herbling

Kenya’s so-called finance bill for the year through June 2026 is aimed at raising as much as 30 billion shillings, Treasury Secretary John Mbadi says on a panel on Citizen TV.
Kenya Slashes 2025 Finance Bill Target to 25b-30b Shillings

1 week ago | news.bloombergtax.com | David Herbling

XYour Choices Regarding Cookies and IdentifiersWe and our 150 third party partners use cookies and similar technologies ("Cookies") and hashed identifiers (e.g., a hashed version of your name, email address or phone number) to help us identify you on our site and third-party sites and to process certain information, such as your IP address and digital identifiers, to analyze site usage and provide you with relevant advertisements and content.
Deadly Riots Drag Kenya Economy to Slowest Pace Since Pandemic

1 week ago | bloomberg.com | David Herbling

Police officers control a fire set by protesters during a demonstration in Nairobi, in August 2024. (Bloomberg) -- Declining interest rates will lift Kenyan growth this year, after the economy expanded at the slowest pace in 2024 since the coronavirus pandemic, Finance Minister John Mbadi said. Gross domestic product is likely to increase 5.4% this year, Mbadi said at a briefing in the capital, Nairobi.
Kenyan Inflation Hits Eight-Month High as Food Prices Surge

2 weeks ago | bloomberg.com | David Herbling

Kenya’s consumer prices rose 4.1% year-on-year. (Bloomberg) -- Kenya’s annual inflation rate climbed to an eight-month high in April on the tight supply of food items including corn, potatoes and green vegetables. Consumer prices rose 4.1%, compared with 3.6% in March, the Nairobi-based Kenya National Bureau of Statistics said Wednesday in a statement on its website. The nation’s monetary policy committee had projected inflation at 4.2% in April.
Kenya Plans to Trim Next Budget as It Seeks New IMF Program

2 weeks ago | bloomberg.com | David Herbling

Residential and commercial buildings stand on the skyline in Mombasa, Kenya, on Thursday, Nov. 23, 2017. The countrys Treasury has already cut this years growth target to 5 percent from 5.9 percent as the protracted election furor damped investment and a drought curbed farm output. Photographer: Luis Tato/Bloomberg(Bloomberg) -- Kenya plans austerity measures to significantly narrow its budget deficit in the year through June 2026, as it eyes a new International Monetary Fund program.
Kenya’s Central Bank Is ‘Actively Considering’ Buying Gold (1)

2 weeks ago | news.bloomberglaw.com | Jennifer Zabasajja |David Herbling

Kenya is considering adding gold to its reserves to diversify its foreign-exchange holdings beyond the dollar and other currencies, according to its central bank governor. “We have basically a group that is looking at the feasibility of doing it and yes, that’s something that we’re actively considering,” Kamau Thugge said Thursday in an interview with Bloomberg TV in Washington on the sidelines of the International Monetary Fund and World Bank Spring Meetings.
Auch Kenia denkt an Goldkäufe - und will frisches Geld vom IWF

2 weeks ago | bloomberg.com | Jennifer Zabasajja |David Herbling

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