In this episode recorded on 27.06.2024, our host, Ramah Nyang, is joined by Churchill Ogutu - Economist at IC Group, Stellar Swakei - Senior Research Associate at SIB, Oyoo Wycklife - Council Member at Law Society of Kenya, Nikhil Hira - Partner at Koddy Africa LLP to discuss the legal and economic implications of the Finance Bill 2024's rejection.
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Show Notes
00:00:00 Introduction
00:03:55 Impact on Ability to Raise Cash
00:05:47 Legal Perspective on the Withdrawn Finance Bill
00:15:43 The Appropriation Bill and the President’s Proposal to Cut Spending
00:23:17 LSK’s Update on Persons Arrested During Protests
00:27:46 How Can Kenya Fix the Debt Problem?
00:43:41 Possible Implications of the President’s Recommendations
00:49:32 Spending Cuts
00:56:48 Laying the Foundations for Future Growth
01:03:47 Fiscal Targets in Relation to the IMF Program
01:13:46 Closing Thoughts
Finance Bill - What Next?