Economic Impact of Abandoning Tax Rises in Kenya

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Exploring Kenya's economic woes including high interest rates and proposed tax hikes on essential items, consequences of ditching the tax plan, impact on deficit and debt servicing, infrastructure development through loans, and potential fallout with the IMF.

JPMorgan is adding India's sovereign debt to its emerging markets index, and violent protests in Kenya stopped its president from signing a bill that would raise taxes. Plus, the FT’s Harry Dempsey explains why the US wants to lift sanctions on a billionaire to gain access to minerals in Africa.

Mentioned in this podcast:

India braced for billions of dollars of inflows as bonds added to JPMorgan index

Kenya’s president drops tax rises after deadly protests

Billionaire under sanctions could get $300mn in controversial US-Congo deal

CREDIT: WSJ, KBC Channel 1

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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