Thursday, July 16

Countries

Kenya's debt and economic struggles

The government has no option but to squeeze taxpayers further to raise revenues to meet budgetary obligations as the depreciating shilling worsens Kenya’s debt and economic struggles. This comes as the Kenyan shilling weakens against the US dollar and other major global currencies, pushing up the country’s spending on repayment. Kenya’s shilling has lost about 19 per cent of its value to the dollar year-to-date, exchanging at an average of KSh147.47 on Monday, September 25, 2023.
The weak currency has pushed the country’s public debt repayment bill by at least $4.67 billion (Sh690 billion) in the last eight months. Piling debt comes as the National Treasury went on a borrowing spree to bridge the budget deficit.

M-Mama

The Vodafone Foundation has set aside $6 million to extend the successful m-mama maternal health initiative to Malawi over the next five years. This expansion aims to enhance maternal and newborn healthcare access in Malawi and the region. Malawi has one of the highest maternal mortality rates in the world. Estimates show that the country currently records 5.7 maternal deaths per 1,000 live births.

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