Nairobi, Feb. 23 -- More Kenyans living at border points may find it pocket-friendly to cross into Tanzania and Uganda for a beer after the two countries doubled down on cuts on the prices of excise s... Read More
Nairobi, Feb. 22 -- The Kenya Revenue Authority (KRA) has once again been blocked from charging 16 percent Value Added Tax (VAT) on fees banks receive when consumers pay for goods or services using th... Read More
Nairobi, Feb. 21 -- Contracting of new loans and the day-to-day management of debt will be an exclusive role of the Public Debt Management Office (PDMO), the National Treasury has disclosed, handing a... Read More
Nairobi, Feb. 20 -- The Treasury has moved to unlock a Sh8.5 billion ($60 million) grant by the US government, with the creation of a special basket into which the funds would be channelled for use in... Read More
Nairobi, Feb. 19 -- The government wants ministries to be self-sufficient, setting the stage for higher charges on fees on critical public services. In the 2024 Budget Policy Statement (BPS) released... Read More
Nairobi, Feb. 19 -- The Kenya Revenue Authority (KRA) is hunting down barbers, high-end beauty parlours and taxi drivers as it eyes a share of the billions of shillings changing hands in the informal ... Read More
Nairobi, Feb. 19 -- Insurance firms have started repricing the premiums charged on customers as they complied with the new 16 percent Value-Added-Tax(VAT) introduced through the Finance Act of 2023. ... Read More
Nairobi, Feb. 16 -- The government plans to collect an additional Sh323.5 billion in taxes, in a budget spending plan that will see the William Ruto-led administration spend a total of Sh4.55 trillion... Read More
Nairobi, Feb. 14 -- Kenya will put up for sale one of its two remaining State-owned banks. This is after the Cabinet approved the privatisation of the Development Bank of Kenya (DBK). The Cabinet Sec... Read More
Nairobi, Feb. 14 -- The Treasury has flagged the risk of further weakening of the Kenya shilling, dollar shortages and increased debt as Kenya struggles to raise an extra Sh160 billion to clear the ou... Read More