Treasury Drafts Policy to Regulate Crypto, Digital Assets
The Treasury has projected that the government will budget about KSh 1.82 billion for the implementation of a draft policy on digital assets such as crypto, which aims to regulate [...]
Kenya Ratifies Treaty to Prevent Tax Avoidance by Multinational Firms
Kenya has ratified a treaty that blocks multinational firms from abusing taxation loopholes and shifting profits, the Organization for Economic Cooperation and Development (OECD) has confirmed. Kenya deposited its instrument [...]Nairobi Bans Hawking Along Major Streets
The County Government of Nairobi has issued a notice to hawkers ordering them to vacate major streets along various roads in the Central Business District (CBD). “The general public is [...]Pension Contributions' Tax Free Limit Raised by 50% to Address Inflationary Burden
The Retirement Benefits Authority (RBA) has announced that amendments to pension laws, which include raising the tax deductible contribution limit to KSh 360,000 annually, are set to be implemented. “This [...]Electronics' Distributors Face Higher Costs as Regulator Introduces New License
The Communications Authority of Kenya (CA) intends to curb counterfeit electronics by introducing a new license dubbed the ‘Telecom Equipment Distributor (TED) license’. “The scope of the TED license will [...]National Bank of Ethiopia Maintains Benchmark Rate at Inaugural MPC Meeting
The National Bank of Ethiopia has maintained the country's benchmark rate at 15% citing the need to reduce the still elevated inflation rate and also the importance of anchoring exchange [...]
Africa's Central Banks Adjust Monetary Policies Amid Currency, Inflation Woes
Inflation pressures across Africa exhibited divergence in 2024 with central banks adopting monetary policies tailored to country-specific factors such as fiscal concerns. African countries with moderate inflation including Kenya, South [...]Veterinarians Request Gov't to Halt Livestock Vaccination amid Public Distrust
The Kenya Veterinary Association (KVA) doubts the government's ability to conduct an effective nationwide livestock vaccination exercise in January next year without enough public sensitization and rigorous communication. “For vaccination [...]Kenya Extends the G-to-G Oil Import Deal
Cabinet has extended the Government-to-Government (G-to-G) oil import deal with three Gulf oil companies that helped ease pressures on the exchange rate. “This arrangement has eased the monthly demand for [...]President Ruto Assents Tax Bills into Law
Earlier this week, President William Ruto signed into law, seven bills including the Tax Laws (Amendment) Bill, the Tax Procedures (Amendment) Bill, the Business Laws (Amendment) Bill, and the Kenya [...]Push for GMO Products on Dining Table Gathers Momentum
The push for the adoption of Genetically Modified Organism (GMO) food products is on course as the National Biosafety Authority (NBA) says it has received an application for environmental release [...]US, UK Sanction Kamlesh Pattni, 27 Others for Gold Smuggling, Money Laundering
Kenyan businessman and politician Kamlesh Pattni is among 28 individuals and businesses based in Zimbabwe sanctioned by U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) and the [...]
