The Kenyan Market Daily

Gen Z Backlash Reshapes Budget, Treasury Eyes Safaricom Stake Sale & 1 Trillion-Shilling Debt Storm


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Treasury CS John Mbadi pulls back on tax hikes after deadly Gen Z protests, slashing revenue targets by Sh314B in a rare Finance Bill climbdown. With Sh1 trillion in debt looming, Kenya pivots to asset sales — including a partial Safaricom stake divestment and the Kenya Pipeline Company — to fill a Sh4.29 trillion budget hole. Meanwhile, a new IMF deal is on the table, and MTN Uganda plots a fintech IPO.

📊 Top Highlights:
• Treasury softens tax plan amid youth revolt
• Public debt repayment balloons to historic levels
• Govt plans sale of its stake in Safaricom, not the company
• MTN decouples MoMo in IPO roadmap

📰 This isn’t just policy — it’s the future of Kenya’s economy.

🔗 Website: kenyamarketplacedaily.wordpress.com
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The Kenyan Market DailyBy Kenyan Market Daily Podcast