Kenya's Proposed Law for Crypto Firms Includes Physical Offices, Vetted CEOs
The National Treasury has published the Virtual Asset Service Providers Bill, 2025, that aims to regulate crypto firms by requiring them to set up offices locally, seek licenses, and have [...]
CS Mbadi Targets Diaspora Bonds, ESG Instruments, as Debt Control Turns Challenging
As Kenya works to bring the national debt to acceptable levels, the Public Debt Management Office is exploring opportunities for diversifying sources of external borrowing in particular targeting Diaspora Bond, [...]State Mulls Tougher Social Media Regulations
The government is planning to make social media platforms establish physical offices locally, as part of a broader strategy to combat what it calls ‘digital abuse’. “To ensure responsibility and [...]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 [...]
