Finance Bill 2024: Major Issues Remain Unsolved on Fuel, Tax Base
While the finance committee of the National Assembly tabled its report on Tuesday afternoon with a few amendments on tax measures in the midst of ongoing protests in Nairobi and [...]
Claims Declined by Insurers Rose by 85% in Q1 2024
The number claims declined by insurance companies in the first quarter of 2024 increased by 85 per cent from 41 to 76, a new report by the Insurance Regulatory Authority [...]Africa Mega Proposes Majority Acquisition of Kenya Orchards
Africa Mega Agriculture Center (AMAC) Limited has proposed to acquire 84.42 percent of the total issued share capital of Kenya Orchards Limited (KOL), an agricultural company listed on the Nairobi [...]Parliamentary Committee Amends Finance Bill amid Protests in Nairobi
Parliament's committee on finance has proposed some amendments in the Finance Bill 2024 following uproar from the public and industries over the implications of the Bill. Small and Medium Enterprises [...]Occupy Parliament' Protests Launched against Finance Bill 2024
Thousands of Kenyans have joined protests against the Finance Bill 2024, as the controversial bill comes up for its second reading. The protesters believe that an array of taxes listed [...]East Africa Budget Day 2024
On Thursday 13th June 2024, East African countries rallied to present their 2024/25 budget statements to their respective parliaments, each with views tailored for their countries. Uganda In Uganda, Finance [...]Pending Bills Committee Receives Claims Worth KSh 662.3 Billion
The Pending Bills Verification Committee led by Edward Ouko has received 94,997 pending bill claims valued at KSh 662.3 billion. Other roles are to identify any cases where there may [...]Shilling Up 17.8% Year to Date
Last week, the shilling strengthened 1.06 percent against the US dollar to 128.66 from 130.04 the week before, according to the CBK Weekly Bulletin. “Our exchange rate is determined by [...]Safaricom and Pezesha Introduce Mkopo Wa Pochi' to Lend Small Businesses
More than 600,000 users of the Pochi La Biashara' payment service can now borrow small loans with a one-time access fee of 2.76% on the principal amount, courtesy of a [...]Cabinet Approves Treasury Single Account
During the 2024/2025 Financial Year Budget reading in the National Assembly yesterday, Cabinet Secretary for Finance and Planning Njuguna Ndung'u mentioned that plans were underway to migrate all public entity [...]Kenyan Government to Freeze Furniture Purchase, Hiring for One Year
The government is planning to suspend purchase of furniture for a period of one year, cut down on foreign travels and restrict all trainings to within government institutions in an [...]Piloting of Government’s E-Procurement System to End in December
Piloting of government’s end to end e-procurement system will continue up to the end of this year, in a move aimed at weeding out corruption in public procurement and disposal [...]
