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flag Kenya enacts major reforms: $70.6B to counties, modernizes markets, scraps colonial tax law, boosts state firm accountability.

flag President William Ruto signed four bills into law on November 21, 2025, unlocking Sh70.6 billion in funding for Kenya’s counties, modernizing capital markets, repealing a 1929 colonial-era tax law, and improving governance of state-owned enterprises. flag The reforms aim to enhance fiscal transparency, end provisional tax collection without legislation, attract investment, and strengthen accountability in public service delivery.

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