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Kenya eyes budget deficit with new tax hikes
Kenya eyes budget deficit with new tax hikes
Business and Economy
by  AFP

Kenya's finance minister on Thursday presented the East African nation's biggest ever budget, alongside contentious tax proposals to help plug a hole in the public finances. Finance Minister Njuguna Ndung'u presented the four-trillion-shilling ($31.1-billion) budget for 2024/25 to parliament, up from 3.75 trillion shillings it approved last June for the current fiscal year.

Russians shrug off sanctions on dollar, euro trading
Russians shrug off sanctions on dollar, euro trading
Business and Economy
by  AFP

Russians on the streets of the capital shrugged off new US sanctions on dollar and euro trading Thursday, claiming they had no need for Western currencies in their heavily targeted economy. The move cuts the group off from Western financial architecture and forced it to suspend trading in both the dollar and euro.