Auditor General flags KSh 147.39Bn Unauthorised Expenditure
The Auditor General says government ministries, departments, and agencies spent Sh147.39 billion without approval by parliament in the 2022/23 financial year. They are Nairobi, Machakos, Kilifi, Homabay, Embu, Wajir, Samburu, [...]
KRA's Jan 1st 2024 Deadline for Businesses to Start Generating Electronic Invoices
KRA (Kenya Revenue Authority) has set a deadline of 1st January 2024 for all businesses to electronically generate and transmit their invoices to the taxman via eTIMS from 1st January [...]Kenya In No Rush to Have Strategic Fuel Reserves
A glimpse into the current economic policies makes little to no mention of plans by Kenya to set up strategic fuel reserves despite this idea being on the cards of [...]Kenya’s Annual Inflation Expected to Ease in 2024: Fitch
Kenya’s annual inflation is expected to ease to 6.8 per cent in 2024 and the monetary policy rate to follow the trend, the rating firm Fitch predicts in its African [...]
Court Temporarily Stops Sale of KICC, 10 Other Parastatals
The Kenya government’s bid to sell eleven (11) State Enterprises has met its first challenge, predictably, following a court’s verdict to temporarily halt the process. “It is hereby ordered that [...]Kenya Re-adjusts Budget to Address El-Nino Effects
New KCC has been allocated KSh 500 million to mop up excess milk in the market as a reactionary measure to cushion farmers from the effects of the El-Nino rains. [...]Court Declares Housing Levy Unconstitutional
Court has put a brake into government’s housing levy revenue stream terming it discriminatory and irrational. “An order is granted prohibiting the respondents from collecting, charging on otherwise the charge [...]Kenya Identifies 35 State Enterprises for Sale, Listing
The government has earmarked 35 state owned enterprises for outright sale or offering to the public through the Nairobi Securities Exchange. Speaking during African Securities Exchange Association (ASEA) conference in [...]President Ruto Signs into Law Supplementary Budget
Food production could improve after President William Ruto signed into law the supplementary budget, which includes an increased budget for subsidised fertiliser. Infrastructure heavy departments such as roads, energy, and [...]
Kenya Outperforms Other Major SSA Economies on Fiscal Reforms
The fear of social unrest and political pressures are likely to shape whether or not some fiscal reforms, especially the aggressive vigilance and new measures to raise revenues, remain unchanged in 2024.Why SACCO Lobby's Central Finance Fund is Under Probe
Kenya Union of Savings and Credit Co-operatives (KUSCCO) Limited top officials and directors have been under investigation by the Sacco Societies Regulatory Authority (SASRA) on suspicion of running some Sacco [...]Analysis: Kenya's Supplementary Budget Signals Radical Transition
Investors, entrepreneurs and households need to start aligning themselves to this transition while embracing themselves for the short-term negative effects.
