Kenya Allocates KSh471 Million for Cooking Gas Subsidy
Kenya has allocated KSh471 million to the stalled cooking gas subsidy scheme for the new financial year starting July, with the amount set to be raised to KSh820 million in [...]
Tanzania to Introduce Digital Service Tax on Facebook, Instagram, WhatsApp
The Tanzania Revenue Authority (TRA) has held talks with officials from Meta Platforms Inc as part of the government plans to introduce Digital Services Tax targeting big technology companies. Last [...]Japan Overtakes China as Kenya's Biggest Source of Bilateral Loans
In the budget estimates for the financial year starting July 2022, the Treasury has listed Japan as the largest source of bilateral loans and grants, overtaking China, which has been [...]Tanzania's Inflation Rate Reduces to 3.6% in March
Annual inflation rate in Tanzania eased for the third straight month to 3.6 in March of 2022, from 3.7% in February reaching its lowest point since last June. Prices slowed [...]Treasury Set to Double Digital Service Tax from 1.5% to 3%
The National Treasury is set to increase Digital Service Tax (DST) from the current 1.5% to 3% of the gross value of online transactions, with effect from 1st July 2022. [...]State to Increase SMEs Credit Scheme to KSh10 Billion
The State has announced plans to increase the Credit Guarantee Scheme (CGS) capital for SMEs from the current KSh4 billion to KSh10 billion over the medium term. While presenting the [...]Kenya Govt to Roll Out Next Spending Plan
The Kenya government plans to roll out the third phase of its Economic Stimulus Programme(ESP) that targets interventions in agriculture, health, education, drought response, policy, infrastructure, financial inclusion, energy, and [...]
President Uhuru Signs 5 Bills into Law, Unlocks KSh139 Billion Supplementary Budget
President Uhuru Kenyatta has signed five parliamentary bills into law. These are the 2022 Supplementary I Appropriation Bill (Supplementary Budget), the 2021 Copyright (Amendment) Bill, the 2020 Kenya Deposit Insurance [...]Government of Kenya Unveils KSh5.7 Billion Fertilizer Subsidy
The Government of Kenya has unveiled a KSh5.7 billion fertilizer subsidy fund to subsidise prices for 2.28 million 50-kg bags of fertilizer for farmers growing food crops. Agriculture Cabinet Secretary [...]Inflation in Kenya Rises to 5.6% in March
. Inflation in Kenya edged up to 5.6% in March 2022 from 5.1% in February, a spike attributed to a rise in the price of food, housing, water, electricity, gas, [...]Ghana's National Assembly Approves 1.5% Electronic Transactions Tax
Ghana's National Assembly has approved a new tax on electronic transactions. The government says that the bill will help raise $900 million in revenue and address the problems of unemployment [...]EAC Formally Admits DRC to the Region
The East African Community (EAC) Heads of State have admitted the Democratic Republic of Congo (DRC) into the regional bloc becoming the seventh and newest member of the community after [...]
