Tanzania Steps Up Dollar Control to Save Local Currency
In its latest move to limit transactions using the dollar, the Tanzanian government has ordered all visiting tourists to pay fees and park charges using the Tanzania shilling. All tourism [...]
Court Declares SHIF Unconstitutional, Gives Parliament 4 Months
The Social Health Insurance Act (SHIA), alongside the Primary Health Care Act, and Digital Health Act which were slated to replace the National Hospital Insurance Fund (NHIF) have [...]IMF Reassures Kenya of Support after Cabinet Obliteration
The International Monetary Fund (IMF) has reassured the Kenyan government of support despite the recent developments that led to the withdrawal of the controversial Finance Bill 2024 and dismissal of [...]South Sudan Purges Finance Minister, Oil Firm Chief
The President of South Sudan, Salva Kiir, fired his finance minister Awow Daniel Chuang and replaced him with Dr. Marial Dongrin Ater amidst budgetary delays and unpaid salaries. President Salva [...]President Ruto Dissolves Cabinet, Principal Secretaries Take Charge
The government will temporarily operate without Cabinet following dismissal of all Cabinet Secretaries by President William Ruto on Thursday. Deputy President Rigathi Gachagua and Prime Cabinet Secretary Musalia Mudavadi are [...]Ethiopia Sets Maiden Interest Rate at 15%, Introduces Overnight Lending
The National Bank of Ethiopia (NBE) has set its initial policy interest rate at 15 percent, setting the rate by accounting for inflation, low base money growth, and a marked [...]KRA Collects KSh 2.407 Trillion in 2023/24 Financial Year
The Kenya Revenue Authority (KRA) collected KSh 2.407 trillion in the 2023/24 financial year, an increase of 11.1 per cent compared to KSh 2.166 trillion in the previous financial year. [...]Gov't on the Spot over Custom Duties Listed by EAC
Importers of various manufactured goods will encounter a raft of taxes prescribed by the Common External Tariff (CET) gazetted by the East African Community (EAC) on 30th June this year. [...]EACC Locks Horns with Senate over Conflict of Interest Bill
The Ethics and Anti-Corruption Commission (EACC) is warning of a new wave of corruption should the National Assembly pass Conflict of Interest Bill as proposed by the Senate. Other highlights [...]Cabinet Approves Trade Deal with UAE
Kenya is on the verge of solidifying its trade impact with the United Arab Emirates (UAE) market, just days after a similar trade deal with the European Union (EU) came [...]Kenya EU Seal Trade Deal
Kenya and the European Union (EU) have sealed an Economic Partnership Agreement, opening up duty-free and quota-free access for all Kenya's exports to the US$ 18 trillion EU market. The [...]South Sudan Halts Spending as FY Ends, Budget Delayed
The Ministry of Finance and Planning in South Sudan is yet to present its 2024/2025 budget in parliament and has halted government agencies from making any payments supposed to have [...]
