Kenya's Ministry of Finance Proposes Tax on Digital Assets in 2023 Finance Bill
Kenya's Ministry of National Treasury Economic Planning has proposed the inclusion of digital assets such as Bitcoin and NFTs in the country's tax regime through the 2023 Finance Bill. [...]
IFC's new funding platform aims to help Africa's digital economy reach $700 billion by 2050
We recently had the opportunity to speak with Amena Arif, the IFC Country Manager for Kenya, Tanzania, Uganda, Rwanda, Burundi, Somalia, and Malawi. In her role, Ms Arif oversees all [...]
Kenya and US to Hold In-Person Trade Talks in April 2023
Kenya and the United States will hold in-person trade talks from April 17 to 20, 2023. The talks will focus on proposals adopted from draft negotiations initiated in July 2022. [...]Kenya's Public Debt Hits KES 9.2 Trillion, Urgent Measures Needed, says Faida Investment Bank Report
Faida Investment Bank has published a report on the sustainability of Kenya's public debt. The report shows that by December 2022, Kenya's public debt had risen to KES 9.2 trillion, [...]Treasury Clarifies Govt has no Intention to Abandon KES 610 Billion Tax Refunds
The National Treasury has affirmed that the government does not plan to forgo tax refunds totalling KES 610 billion, despite the announcement by Kenya Revenue Authority to halt all payments [...]Kenya grants tax agency unrestricted access to secret bank accounts in 106 countries in hunt for tax evaders and illicit wealth
Kenya's Treasury Cabinet Secretary, Njuguna Ndung'u, has approved new regulations granting the Kenya Revenue Authority (KRA) unrestricted access to information on secret bank accounts held by Kenyans in 106 foreign [...]Govt to Pay KES 2.57 Billion Subsidy Arrears to Maize Millers
The government is yet to pay maize millers KES 2.57 Billion arrears owed by the National Treasury from the month-long maize flour subsidy introduced last year. The previous governmentintroduced a [...]
Senate in Talks with CBK to Legalise Cryptocurrency
The Senate Standing Committee on Information, Communication and Technology decided to initiate talks with the Central Bank of Kenya (CBK) to acknowledge Cryptocurrency as a valid form of legal tender. [...]Kenya Considers Issuing Eurobond with Different Terms to Manage $2 Billion Bond Maturity
The Kenyan Government is considering issuing a Eurobond with varying terms to manage next year's maturity of its $2 billion, 10-year bond, according to the director of its debt management [...]Treasury Reveals Plans to Review Products Exempted from Tax Amid Cash Crunch
The National Treasury is set to review the list of products currently enjoying tax waivers as a new report shows that taxpayers paid KES 316 billion on behalf of players [...]IMF Raises Congo's Growth Forecast for 2022 to 8.5%
The International Monetary Fund (IMF), has increased the GDP growth of the Democratic Republic of Congo to 8.5 per cent in 2022 due to a boost in production within the [...]Kenya’s economy projected to slow down at 5% in 2023
Kenya’s economy is expected to remain subdued in 2023, growing at a projected 5%, pulled down by a persistent rise in commodity prices, global events and a high risk of [...]
