Additional job losses inevitably on the way to add onto the over 20,000 who fell off the salaried income line last year https://www.businessdail...p/539546-4753784-mqdh0s/

UPDATE 1-Kenya says IMF stand-by deal over, will continue engaging with the fund

NAIROBI, Sept 13 (Reuters) - Kenya’s stand-by arrangement with the International Monetary Fund has expired, Finance Minister Henry Rotich said on Thursday but the country will continue to talk to the Fund.

Kenya had secured a six-month extension for its stand-by credit arrangement of $989.8 million from the International Monetary Fund in March, which was due to expire in mid-September.

“Yes, the program has ended,” Rotich told reporters, when asked about the IMF stand-by arrangement. “We will continue engaging the fund going forward,” he added.

The Finance Ministry’s Principal Secretary Kamau Thugge had said earlier on Thursday that not having an IMF precautionary arrangement would not hurt the economy.

Kenya had not drawn on the precautionary arrangement last year despite a drought, Thugge said.

And the market did too have a say, 27 counters into and majority slipping with significant margins into the red, 8 counters barely afloat into the green, and the rest MIA.
You could now as well, review your position accordingly.

There was never going to be another option

Rejected! Watch what? The fuel tax was never going to be dropped. I speak to the president regularly