Supreme Court Begins Hearings on Finance Act 2023
The National Assembly and other appellants will today argue their appeal on the Finance Act 2023 before the full seven judge bench of the Supreme Court of Kenya. The Respondents [...]
Kenya Seeks KSh 30bn in September Bond Auction
The CBK is seeking KSh 30 billion in the September auction earmarked for budgetary support from two reopened bonds, as the state moves towards a preference for longer dated papers. [...]State Mulls Reviving Good' Parts of Finance Bill 2024 to Raise KShs. 150Bn
Revival of progressive parts of the withdrawn Finance Bill 2024 would yield the government KShs. 150 billion in revenue, the Cabinet Secretary for National Treasury John Mbadi said last week. [...]Supreme Court Restores Revenue Collection Under Finance Act 2023
Consolidated appeal challenging last month judgement which declared Finance Act 2023 unconstitutional will be heard early next month. “In view of public interest, we direct the consolidated appeal herein be [...]Former Mozambique Finance Minister Convicted of $2Bn Loans Fraud
A former Finance minister of Mozambique, Manuel Chang, has been convicted by a US Court of bribery to secretly commit his country to huge loans that prosecutors say ended up [...]The New Captain at the ICT Ministry Dr. Margaret Ndung'u
Earlier last week, Dr. Margaret Nyambura Ndung'u, an academic with a PhD in Information Systems, took over from Eliud Owalo as the Cabinet Secretary in charge of the critical Information [...]State Withdraws Controversial Livestock Bill
The government has withdrawn the controversial Livestock Bill 2024 which sought to create a new authority to register farmers and regulate inputs and products of all livestock. The responsibility lies [...]
Bank of Uganda Cuts Interest Rate by 0.25%
The Bank of Uganda (BOU) has cut the key lending rate to 10.0 percent from 10.25 percent, the first time this year the apex bank has lowered the benchmark rate. [...]NEMA Proposes Color Coding for Waste Segregation
The National Environment Management Authority (NEMA) has proposed a three-colour coding scheme for non-hazardous waste. The Sustainable Waste Management Act was signed into law in 2022 and provides for consultation [...]Amendment Bill Seeks to Give Treasury Price Control Powers
A bill has been tabled in parliament seeking to empower the Cabinet Secretary of Treasury to set maximum and minimum price limits for essential foodstuffs and pharmaceutical products, in order [...]What Eldoret's City Status Means for Residents, Investors
Eldoret town has become Kenya's fifth official city after Nairobi, Kisumu, Mombasa, and Nakuru, after it was conferred with city status by President William Ruto. While an elevation to city [...]Fitch Follows Moody's in Downgrading Kenya's Credit Rating
Global credit ratings agency Fitch has downgraded Kenya's sovereign rating to B- from B' on heightened fiscal risks to Kenya's public finances after the government dropped tax measures in the [...]
