Parliamentary Committee Mulls Reviews on Fuel Taxes as Kenyans Lament High Fuel Prices
The National Assembly's Energy Committee is considering a review on fuel taxes, following the sharp rise in pump prices in the March Energy and Petroleum Regulatory Authority (EPRA) reviews. Media [...]
Telkom incurs KSh 300 Million loss in running State-Owned Fibre Optic Cable
Telkom Kenya has disclosed that it incurred a loss of KSh 300 Million after offering operational and management services for the state-owned fibre optic cable. The National Optic Fibre Backbone [...]
KRA Cautions Against Use of Fraudulently Registered Vehicles
The Kenya Revenue Authority (KRA) is cautioning the public against using fraudulently registered vehicles, and those whose duty might not have been paid. According to a press release by the [...]Kenya Ranks 63rd Among 70 Global Corporate Tax Havens
Kenya occupies position 63 out of 70 jurisdictions globally, complicit in helping multinational companies underpay corporate income tax. According to a report dubbedCorporate Tax Haven Index (CTHI 2021)by the Tax [...]Kenya Withdraws from Maritime Border Case with Somalia
Kenya has announced that it will not take part in the hearings of its maritime border case with Somalia that were scheduled to start today, 15th March 2021, at the [...]SP downgrades Kenya's credit rating to B'
Kenya's credit rating has been downgraded to B' by Standard Poor (SP), due to rising fiscal and external pressures. SP Global Ratings is a US credit rating agency and [...]Pending Bills More than Tripled in 2020 to KSh322.5 Billion
The government's unpaid bills to suppliers and contractors sharply increased in 2020 to KSh322.5 billion by the end of December 2020, compared to KSh89.9 billion by the end of December [...]
Kenya's Public Debt to hit KSh 7.8 Trillion in 2020/21, says PBO
Kenya's Public Debt Stock is forecasted to reach KSh 7.8 trillion at the end of the 2020/21 fiscal year and will account for approximately 69% of Gross Domestic Product(GDP) and [...]President Uhuru Kenyatta Appointed EAC Chair
The EAC (East African Community) has appointed President Uhuru Kenyatta as chair while Burundi’s Evariste Ndayishimiye chosen as the community’s rapporteur. President Uhuru Kenyatta, in turn, appointed Kenya’sPeter Mutuku Mathukias [...]Spotify Launches in Kenya Amid New Digital Service Tax
New York Stock exchange-listed audio streaming subscription service Spotify has announced that it is now available in more than 80 emerging countries including Ghana, Kenya, Nigeria, Tanzania and Uganda. Spotify [...]British Parliament Delays Ratification for UK-Kenya Trade Deal Citing Concerns on EAC Relations
British legislators have extended the scrutiny period for the UK-Kenya trade deal by 21 sitting days. The International Agreements Committee called for the government to extend the scrutiny period, during [...]Super Petrol Prices Rise by KSh8.19 in February EPRA Review
The prices for Super Petrol, Diesel, and Kerosene have increased by KSh8.19 per litre, KSh5.51 per litre, and KSh5.32 per litre, respectively. This means that between 15th February and 14th [...]
