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    Thursday, May 1

    Kenya Downgraded by S&P: Implications

    Muthoga MunganiaBy Featured No Comments2 Mins Read
    William Ruto, president of Kenya ©DR

    Global credit ratings agency S&P has downgraded Kenya to B minus from B, marking the third such demotion since June, after similar actions by Fitch and Moody’s. This decline in rank comes on the back of the withdrawal of the controversial Finance Bill 2024 after nationwide protests. S&P also said the reason for the disparagement...

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    Muthoga Mungania is an award-winning, Nairobi-based multimedia journalist covering economic, corporate, financial, tech and investor relations matters among other business stories. Muthoga is seasoned in data and market analysis, corporate finance, and economic trends, making them a trusted voice in East African business journalism, communications and consultancy.

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