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 [...]
Africa Tech Summit 2023 Returns To Nairobi For Fifth Edition In February
Africa Tech Summit, the leading tech conference focused on connecting businesses and driving investments within Africa’s tech ecosystem, will host its fifth edition on the 15th to 16th of February [...]Kenyans in Diaspora Sent KES 42 Billion in November CBK
Remittance inflows remained strong at USD 345.5 million in November compared to USD 332.6 million in October, an increase of 3.9 per cent. According to the latestCBK Weekly Bulleting, the [...]University Funding Headache as Civil Society Pushes for Human Capital Protection
President William Ruto’s government will be facing a headache next year about continued university funding while simultaneously implementing hard-hitting university reforms being pushed by the International Monetary Fund (IMF). The [...]Federation of Kenya Employers Calls on Government to Embrace Social Dialogue to Resolve Policy Standoff
The Management Board of the Federation of Kenya Employers (FKE) on Friday issued a statement noting that the organisation is committed to work with the Government and other stakeholders to [...]KenGen To Begin Commercial Roll Out of Electric Vehicle Charging Stations Across Kenya In 2023
Leading energy producer, Kenya Electricity Generating Company PLC (KenGen), has announced it is preparing to install over 30 EV charging stations across the country in 2023. Already, KenGen said it [...]Gates Foundation Commits $7 Billion to Support Health, Agriculture in Africa
In his first trip to Africa since the COVID-19 pandemic began, Bill Gates has announced the Bill Melinda Gates Foundation would spend more than $7 billion over the next [...]Subsidies: A Long Term Expense Clothed as a Short Term Relief
What is a Subsidy? A subsidy is a sum of money given byagovernment to a public or private entity in order to makecertainservicesorproductsmore affordable for the public. The subsidy, therefore, [...]
President Ruto Returns 3 Parastatals from Treasury to their Parent Ministries
President Ruto has returned three parastatals that had been taken to the National Treasury to their parent ministries in a reorganised government. President Ruto reverted Kenya Railways Corporation (KRC) and [...]OPINION: Tax Dispute Legislation in Kenya and Uganda
The current global economic environment is placing immense pressure on governments’ revenues. Rampant inflation, increasing food and energy prices and disruption to production and distribution are subduing economic activity and [...]
