Highlights From Budgets of Five East African Economies in Charts


Finance ministers in five East African countries presented their spending plans for the fiscal year that starts July 1 on Thursday. These are some of the highlights in the budget speeches from economies in the continent’s fastest-growing region.

Kenya

Spending Increases

Kenya’s total expenditure is forecast to climb

Source: National Treasury

Kenya plans to repeal a law that caps commercial interest rates, after it crimped lending by banks in East Africa’s biggest economy, Treasury Secretary Henry Rotich told lawmakers in Nairobi. The measure, introduced in August 2016, exacerbated a…

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