Kenya’s doublespeak: Words to hoodwink the market, actions to please the IMF

National Treasury & Planning Cabinet Secretary Henry Rotich [The Standard]

Kenya’s decision to let go of the International Monetary Fund’s $989 million (Sh100 billion) Stand-By Arrangement (SBA) puts the country in an awkward position. 

The market was treated to two conflicting signals that are likely to shape debate in coming weeks.