Gov't Concedes to Popular Discontent with Finance Bill 2024, to Enforce Austerity
The government's has shelved plans to raise Ksh 346 billion through the Finance Bill 2024 after President William Ruto said his administration would be withdrawing the controversial bill after widespread [...]
Finance Bill 2024 Moves Closer to Law Despite Street Protests
The government is a step away from enforcing tax measures in the Finance Bill 2024 that would generate extra revenue it needs to support the KSh3.9 trillion 2024/25 budget, despite [...]LIVE BLOG: Protests Continue Despite Gov't Concession on Finance Bill 2024
Protestors returned to the streets on Thursday, despite President Ruto's administration conceding to demands that the Finance Bill 2024 be withdrawn and his deputy asking for the protests to be [...]
MPs Differ as Finance Bill 2024 Sails to Next Stage
The Finance Bill 2024 has sailed through to the second reading after Members of Parliament voted 204 yes against 115 who voted no. The move now gives the legislatures opportunity [...]Finance Bill 2024: Treasury Warns of KShs. 200bn Hole, Budget Cuts
The government will have to slash budgets for crucial departments if MPs do not endorse the revenue-raising measures contained in the Finance Bill 2024, the Treasury told Parliament in a [...]Finance Bill 2024: Major Issues Remain Unsolved on Fuel, Tax Base
While the finance committee of the National Assembly tabled its report on Tuesday afternoon with a few amendments on tax measures in the midst of ongoing protests in Nairobi and [...]Cabinet Approves Treasury Single Account
During the 2024/2025 Financial Year Budget reading in the National Assembly yesterday, Cabinet Secretary for Finance and Planning Njuguna Ndung'u mentioned that plans were underway to migrate all public entity [...]Why Is the IMF Writing Kenya’s Finance Bills?
Multiple sectors have lobbied parliament against proposed tax measures in the Finance Bill 2024, but the feeling is that many, if not all, of the proposals will pass despite the [...]Counties Allocation Rises from KSh 385.4Bn to KSh 400Bn Beginning July 1
Counties will get KSh 14.69 billion more beginning July 1 from KSh 385.4 billion this financial year to KSh 400.1 billion. The announcement was made when President William Ruto signed [...]Inside Kenya's Business Tax Landscape
During a recent webinar hosted by The Kenyan WallStreet in collaboration with Tarra Agility Africa, a boutique international tax and legal advisory firm, we delved into the business tax landscape [...]CBK Retains Benchmark Rate at 13%
The Central Bank of Kenya’s (CBK) Monetary Policy Committee (MPC) has retained maintained the benchmark rate at 13.00 per cent for a 2nd time this year. “Overall inflation is expected [...]Kenya US Strategic Trade and Investment Partnership Enters 6th Round of Negotiations
Kenya and the United States will be engaging on the sixth round of the Kenya – United States Strategic Trade and Investment Partnership (STIP) negotiations in Mombasa, from June 3-7. [...]
