Why Africa wants fair credit rating

Kenya was downgraded by all three international credit rating agencies, after citizens rejected tax increases of the Finance Bill 2024.

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At the African Union (AU) Summit last week, most eyes were on the election of the commission chairperson. Kenyans, alongside many other Africans who were rooting for former Prime Minister Raila Odinga, were disappointed with the outcome.

Almost immediately, the weekend political analysis in the Kenyan press focused on apportioning blame for the loss. Such is the nature of democracy.

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Note: The results are not exact but very close to the actual.