KRA Collects KSh 154.4 Billion in Q2, 2021/22
Kenya Revenue Authority(KRA) collected KSh 154.383 Billion in Q2, 2021/22 financial year, a performance rate of 108.5% and a growth of 23.2% from a KSh 142.285 Billion target. KRA began [...]
World Bank Offers $150 Million to Kenya for Drought Mitigation
The World Bank, in partnership with the Government of Sweden (Sida) and Government of Denmark (DANIDA), has announced plans to give $150 million to Kenya, aiming at mitigating the impact [...]
Kenya's President Kenyatta spells Crucial Interventions for the Banking Sector
President Uhuru Kenyatta has urged the country's National Treasury and other stakeholders to immediately revise upwards the cash transactions threshold for KSh 1.0 Million applicable to both withdrawals and deposits [...]Proposed Bill Seeks to Halve VAT on Fuel
Value Added Tax (VAT) on fuel (diesel and petrol) will be halved (reduced from 8% to 4%) if Parliament adopts proposed changes to the law seeking to lower pump prices. [...]President Uhuru Kenyatta to be Hosted at The White House
President Uhuru Kenyatta of Kenya will be hosted this Thursday 14th October 2021 by U.S President Joseph R. Biden, Jr at the White House where the issue of travel advisory [...]President Uhuru Kenyatta to Chair UN Security Council Session in New York
President Uhuru Kenyatta arrived in New York on Sunday for a two-day working visit of the US, during which he is scheduled to chair a United Nations Security Council (UNSC) [...]Kenya's August Inflation Rises to 6.57%
Kenya’s August inflation rose to 6.57% compared to the 6.55% Inflation rate in July. A Kenya National Bureau of Statistics (KNBS) report attributes this rise to the increased cost of [...]IMF Allocates SDRs Worth US$ 737.6 Million to Kenya
International Monetary Fund(IMF) has allocated US$ 737.6 Million worth of special drawing rights (SDRs) to Kenya. This follows an announcement this week by the Fund of $650 Billion, its largest [...]Kenya's External Debt Climbs to $37 Billion in First Six Months of 2021
Kenya's external debt rose to the highest level in the first half of this year as government spending shot up and revenue fell. The amount of external debt climbed to [...]
Treasury Accelerates Budget-Making Process Ahead of 2022 Polls
Treasury has moved the 2022/23 budget-making process ahead by one month to begin in August this year because of the forthcoming polls scheduled for August 9th, 2022. In a public [...]Plans to Lease 5 State-owned Sugar Mills Still On -Munya
The Cabinet Secretary for Agriculture, Livestock, Fisheries and C0-operatives Peter Munya has said plans to lease 5 financially troubled state-owned sugar factories is still on the cards. This is despite [...]Kenya Issues Draft Regulations for Crowdfunding Platforms
The Cabinet Secretary for National Treasury and Planning has published regulations that require all persons who operate or intend to operate an investment-based crowdfunding platform, to obtain approval from the [...]
