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Video: Kenya’s Odinga argues for debt restructuring over tax hike

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In the video, Kenyan opposition leader, Azimio’s Raila Odinga criticized recent tax reforms of the administration of President William Ruto. Odinga argued that the government could have sought debt rescheduling both domestic & external instead of high taxes.

He also condemned the process that birthed the new tax laws. According to him, the Kenyan parliament used an “artificial majority” to pass Finance Act through the house, the opposition stood no chance to shoot it down.

The has been unrest in some parts of the country after clashes between security officials and demonstrators protesting against tax hikes and the rising cost of living in the country.

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Video: ‘Neglect of Africa is a danger to the world’— Nigeria’s Tinubu at G20

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Nigerian President, Bola Tinubu, endorsed the call for a global alliance against hunger in his address at the opening of the 19th Summit of G20 leaders in Rio de Janeiro, Brazil.

Tinubu described the alliance, which was championed by the Brazilian president as pivotal to ending the global food crisis, while emphasizing how Africa is worst by poverty and hunger in the world.

“The neglect of Africa is a danger to the world,” Tinubu stressed while calling for global collaborative action against the problems of the continent.

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Video: Kenya’s Ruto targets inflation rate below 3%

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In this video, Kenyan President, William Ruto, stressed the economic goals of his government and charged the public to believe in the economic reforms of his administration.

 

Ruto also emphasized that the international community and multilateral bodies had applauded his policy direction, and urged Kenyans to join the train.

 

“You do have my commitment that we will be disciplined as a public sector… it my target that by next year inflation will be sub 3%”, Ruto said.

 

Earlier in the month, the Central Bank of Kenya slashed the benchmark rate to 12.0%, 75.0 bps down. The Central Bank’s prescribed target band for headline inflation is 2.5% – 7.5%, 5.0% being the mid-point · The last time Kenya registered <3.0% headline inflation was May 2007

 

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