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      BVF vows to overcome sponsorship hurdles

      BVF vows to overcome sponsorship hurdles

      BOKA Aims to Host Two Prestigious International Karate Competitions

      Mixed fortunes for BOKA: Sets Sights on Ambitious Goals for 2024

      Botswana to host Africa Youth games

      Botswana to host Africa Youth games

      Less Rewards for The Mares after Historic WAFCON Feat

      Mares eye TotalEnergies Women Africa Cup of Nations qualification

      No House For Tebogo Despite Astral Performance in Budapest

      BNOC Leaves BAA on The Dark Regarding Paris Olympics Preps

      Botswana is using Women’s COSAFA for Development – Coach

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      S&P affirms Kenya’s sovereign credit ratings with a stable outlook

      mm by Kitso Dickson
      August 29, 2022
      in News
      Reading Time: 1 min read
      0
      Kenya: Kenyatta approves US$141m fuel subsidy to cushion consumers from price hikes

      Uhuru Kenyatta Source: All Africa

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      S&P affirmed Kenya’s ‘B/B’ long- and short-term foreign and local currency sovereign credit ratings with a stable outlook.

      According to S&P, the stable outlook balances expectations of relatively strong economic growth and modest fiscal consolidation against the pressure of a more difficult global financing outlook. The stable outlook also assumes that the post-election handover will go relatively smoothly, without significant conflict or dislocation of institutional settings.

      The ratings could be upgraded if there is a significant and sustained improvement in Kenya’s fiscal and external accounts against a backdrop of strong growth while institutional mechanisms remain robust. Conversely, the ratings could be downgraded over the next year if institutional risks rise, Kenya’s economic growth prospects weaken, or access to foreign funding is curtailed, resulting in a sustained decrease in foreign currency.

      Tags: S&P

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