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Moody's downgrades Kenya's credit rating, what this means for the country?

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GUEST – Dr Rutendo Hwindingwi – Fouding Director at Tribe Africa Advisory

Moody's has downgraded Kenya's debt rating further into junk territory and warned the outlook was negative after a wave of protests led the government to abandon proposed tax hikes.
President William Ruto, facing the most serious crisis of his near two-year presidency, last month scrapped a finance bill aimed at replenishing government coffers and helping reduce its huge debt burden.

10 Jul 2024 3PM English South Africa Business News · Investing

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