Kenya’s President Nominates Kindiki as Next Deputy After Gachagua’s Impeachment
Kenya’s President William Ruto on Friday, October 18th, nominated Interior Cabinet Secretary Abraham Kithure Kindiki as the next Deputy President, following the Senate’s vote to impeach Rigathi Gachagua. Senate Speaker [...]
Central Bank of Kenya Upgrades to Global Standard for Bulk Payments
The Central Bank of Kenya (CBK) has migrated the Kenya Electronic Payment and Settlement System (KEPSS) to the Global Messaging Standard (ISO20022 Standard). “The milestone of this migration is a [...]
Kenya, IMF in Final Stages of Funding Agreement amid Graft Review
Kenya is in the final stages of unlocking more funding from the International Monetary Fund (IMF) by the end of 2024, the Central Bank of Kenya (CBK) Governor Dr. Kamau [...]Private Hospitals Fault SHIF Transition as System Challenges Persist
An association of rural and urban private hospitals has pointed out that the Social Health Authority (SHA) will need to improve to ensure that the new insurance model, SHIF, will [...]Kenya’s Forex Reserves Increase on Central Bank Intervention
The Central Bank of Kenya (CBK) is buying dollars to build up foreign exchange reserves and curb volatility, Governor Kamau Thugge disclosed during the post-MPC briefing on Wednesday. “We have [...]Central Bank Lowers Interest Rate to 12%
The Central Bank of Kenya (CBK) has cut the benchmark lending rate by 0.75% to 12.00%, as expected, to support economic activity. “The MPC also noted the sharp deceleration in [...]KRA Explores AI, New Technologies, to Net Tax Cheats
The Kenya Revenue Authority (KRA) is exploring technologies like Artificial Intelligence (AI) and Machine Learning to analyse vast data sets to identify tax evasion patterns. Humphrey Wattanga, KRA Commissioner General, [...]Kenya Issues 90-Day Ultimatum on GMOs
The government has issued a 90-day notice to individuals and institutions dealing in genetically modified organisms (GMOs) to regularize their activities. The Authority wishes to bring to your attention the [...]Treasury Foresees Challenges after Adopting Accrual Basis Accounting
The National Treasury will now determine incurred revenues and expenses when accounting for public finances as opposed to recording mere movement of cash between departments. The transition will unfold over [...]Mogo Auto Fined KShs. 10mn by Competition Regulator
Asset financier Mogo Auto limited has been ordered to pay a penalty of KSh10.9 million by the Competition Authority of Kenya (CAK) for engaging in false and misleading representation and [...]Govt Plans to Delete Konza' from Technopolis Authority in New Bill
A new, government sponsored, bill before the National Assembly is seeking to replace Konza Development Authority with Technopolis Development Authority. If the bill becomes law, the Technopolis Development Authority will [...]Kenya's Digital Nomad Work Permit
Kenya has introduced a Digital Nomad Work Permit and a Transit and Long Connection Travelers Electronic Travel Authorization (ETA), making it easier for digital professionals and long-haul travelers to explore [...]
