Kenya Coverage Aug 28 - Sep 5
• Fuel shortages reported in Nairobi due to strike against VAT• Country's largest wind plant to be commissioned as power line completed
• PMI recovers from last month's low in August
• Group of MPs expresses softer stance on VAT on fuels
• Independent fuel distributors strike over imposition of VAT on fuels
• Equity turnover at NSE increases w/w in week ending Aug 30
• Forex reserves decline by 1% w/w to USD 8.6bn on Aug 30
• Headline inflation edges marginally down to 4.0% y/y in August
• Revenue authority imposes VAT on fuels despite parliament vote against
• UK committed to keep Kenya's free access to UK market
• 91-day T-bill yield edges up w/w in weekly auction
• Parliament votes against rate cap repeal, introduction of VAT on fuels
• High Court suspends proceedings against deputy chief justice Mwilu
• Kenya Airways pre-tax loss shrinks by 31% y/y in H1
• Deputy chief justice Mwilu arrested in anti-corruption drive
• Equity turnover at NSE declines w/w in week ending Aug 23
• Forex reserves edge down w/w to USD 8.7bn on Aug 23
• CA deficit increases by 2% y/y in year to May
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