Finance Bill 2025: Kenya to Reduce Steel Import Levies to Ease Costs
Lawmakers will debate on the reduction of export promotion levies on key steel imports, as proposed in the Finance Bill 2025, signalling a shift in the government's strategy to bolster [...]
Finance Bill 2025: Government Revises KSh 4.3 Trillion Budget
The Cabinet has approved the 2025 Finance Bill seeking to raise revenue for the 2025/26 budget, saying the initial budget estimates of KSh4.3 trillion will undergo substantial revisions before being tabled [...]Engineers Sound Alarm Over Failures in Nairobi’s Digital Approval System
The National Planning Development Management System (NPDMS), introduced to digitize and streamline building approvals in Nairobi, is facing growing criticism from the engineering community, which cites rampant inefficiencies and [...]CBK Proposes Policy Rate as New Bank Lending Reference
The Central Bank of Kenya (CBK) has proposed a new pricing framework that would anchor all bank lending rates to the Central Bank Rate (CBR). In the regulator's proposed framework, [...]
Elections are a Public Finance Issue
Kenyans expect the incoming IEBC commissioners not only to be legal experts or seasoned administrators but also electoral stewards who grasp the full weight of public finance and the future [...]Institute of Public Finance Calls out State for Funding Weak Programmes
The Institute of Public Finance (IPF) is pushing for the urgent strengthening of linkages between budget planning and execution ahead of June tabling of 2025/26 KSh 4.3 trillion budget, noting that the weak [...]Unrealistic Budgets Hinder KRA from Hitting Revenue Targets-EY
Big Four professional services firm Ernst Young has linked Kenya Revenue Authority’s (KRA) failure to meet tax targets to unrealistic budgets. The projected total revenue, which includes tax revenues [...]Kenya Names Top Officials to EU Trade Council
Kenya has appointed a team of Cabinet Secretaries to lead its representation on the newly established Economic Partnership Agreement (EPA) Council with the European Union, a key step in operationalizing [...]NCBA to Pay KSh 250,000 for Sending Transaction Emails to Wrong Recipient
The Office of the Data Protection Commissioner (ODPC) has ordered NCBA Bank to pay KSh 250,000 in compensation to a customer whose personal data was mishandled. “In considering whether to [...]AfricaNenda Pushes Digital Payment Frontier in Five African Markets
AfricaNenda, a nonprofit backed by the Gates Foundation, has accelerated digital payment systems development in five African markets including Rwanda, Cabo Verde, Mauritania, South Sudan, and the Central African Economic [...]KCB Sets Pace With Rate Cut to 13.85%
KCB Bank Kenya has reduced its base lending rate from 14.6% to 13.85% per annum, aligning with the Central Bank of Kenya’s (CBK) recent decision to ease the Central Bank [...]Trade CS, KEBS Summoned Over KSh 420mn Loss in Contaminated Rice Scandal
The Kenya Bureau of Standards (KEBS) is on the spotlight over a Sh420 million loss at the agency through forgery and falsification of documents. “The issue of importing contaminated rice is [...]
