Kenya lost at least Sh15 billion as a direct result of adverse commentaries and rating actions by Moody’s Ratings, a confidential African Union policy brief has calculated.
The revelation highlights a vulnerability that has pushed President William Ruto’s to seek reforms of the global credit rating system.
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`;
} else {
teaserEl.innerHTML = “”;
}
activeEl.innerHTML = “”;
paywallEl.style.display = “block”;
} else if (now >= saleStart && now <= saleEnd) {
paywallEl.style.display = “none”;
var diffToEnd = saleEnd – now;
var totalSeconds = Math.floor(diffToEnd / 1000);
var days = Math.floor(totalSeconds / (24 * 3600));
var hours = Math.floor((totalSeconds % (24 * 3600)) / 3600);
var minutes = Math.floor((totalSeconds % 3600) / 60);
var seconds = totalSeconds % 60;
activeEl.innerHTML = `
Offer ends in…
${days}Days
${String(hours).padStart(2,’0′)}Hours
${String(minutes).padStart(2,’0′)}Minutes
${String(seconds).padStart(2,’0′)}Seconds
Subscribe Now & Save
`;
} else {
teaserEl.innerHTML = “”;
activeEl.innerHTML = “”;
paywallEl.style.display = “block”;
}
}
function formatTime(ms) {
let totalSeconds = Math.floor(ms / 1000);
const days = Math.floor(totalSeconds / (3600 * 24));
totalSeconds %= 3600 * 24;
const hours = Math.floor(totalSeconds / 3600);
totalSeconds %= 3600;
const minutes = Math.floor(totalSeconds / 60);
const seconds = totalSeconds % 60;
return `${days}d ${hours}h ${minutes}m ${seconds}s`;
}
updateFlashSale();
setInterval(updateFlashSale, 1000);
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Kenya lost at least Sh15 billion as a direct result of adverse commentaries and rating actions by Moody’s Ratings, a confidential African Union policy brief has calculated.
Follow The Standard
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on WhatsApp
By Brian Ngugi