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President William Ruto held a meeting with the IMF Managing Director, Kristalina Georgieva on the sidelines of COP27 in Sharma El-Sheikh, Egypt. [Hiram Omondi, PPS]
At the behest of the International Monetary Fund, the Kenya Kwanza government has been undertaking economic reforms. Hard-hitting was the withdrawal of subsidies on fuel that were effected immediately the regime came into office in September 2022 and further doubling the Value Added Tax (VAT) on petroleum products.
While the subsidies have been on and off since then as the government tried to calm Kenyans and also save the economy from grinding to a halt, the government had been clear from day one that it was not interested in retaining the subsidies.
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