Cost of Living Eases to 5% in April, Supported by Fuel, Food Index
The cost of living (inflation) eased in the month of April from 5.7 per cent in March to 5.0 per cent in April, new data from Kenya National Bureau of [...]
Africa's $824bn Debt Burden is Hindering its Potential-AfDB President
Africa's massive debt load and the nature of many of its resource-backed loans are compromising its economic potential, the African Development Bank's (AfDB) President Akinwumi Adesina said recently. I think [...]
Digital Tax Wave Spreads across Africa
African countries are racing to enact rules for non-resident suppliers to account for taxes on electronically supplied services (ESS), a new report by PwC indicates. “As the digital economy continues [...]Excise Duty on Digital Loans will Increase Defaults, Harm Tax Revenues
The controversial 20% excise duty on digital credit is likely to be counterproductive and result in less tax revenues, digital lenders and sector strategists have said. Raising the cost of [...]Unease among Civil Servants as Kenya Moves to Contain Wage Bill
Human resource operations in the public service are headed for a shake up as the government moves to reduce its wage bill to 35 per cent against revenue by the [...]Draft Affordable Housing Regulations Published
Draft Affordable Housing Regulations 2024 have been published by the Ministry of Lands, Public Works, Housing and Urban Development which has also put out a notice seeking written comments and [...]
Kenya Targets Ease of Doing Business with ‘Karibu Business Centers’
Kenya has launched four Karibu Business Centers across the country offering seamless interaction with government agencies on matters of investments, industry and trade, ensuring timely resolution of queries and concerns. [...]US Firms Raise Integrity Issues with Kenya’s IFMIS System
United States companies are having integrity issues with the Kenyan Government’s electronic procurement system, the Integrated Financial Management Information System (IFMIS). Besides singling out security gaps that render the system [...]Zimbabwe Stock Exchange Begins Trading in New Gold-Backed Currency
The Zimbabwe Stock Exchange (ZSE) has begun trading in the country's new gold-backed currency, after the country's central bank demonetised the Zimbabwean dollar in a raft of monetary policy measures [...]National Treasury to Address Low Retirement Benefits Coverage
The National Treasury and Economic Planning has invited the public and stakeholders to familiarize themselves with the National Retirement Benefits Policy, a document that aims to bring mostly those in [...]Tanzania Hikes Interest Rate to 6 Percent
The Bank of Tanzania (BoT) has raised its central bank rate (CBR) from 5.5 percent to 6 percent, a move its central bank said is aimed at containing the lingering [...]CBK Retains Benchmark Lending Rate at 13%
The Central Bank of Kenya (CBK) has spared Kenyans from expensive loans following retention of its benchmark lending at 13 per cent, citing positive progress in cost of living and [...]
