Somalia Opposes Kenya's Request to Delay Maritime Border Case Hearing
Somalia has rejected Kenya's fourth request to delay hearing the maritime border case at the International Court of Justice (ICJ). Somalia's Information Minister Osman Dubbe said Mogadishu had petitioned the [...]
Kenya's Parliament to approve crucial Budget Policy Statement as it resumes
Parliament is expected to prioritize, consider and approve the Budget Policy Statement (BPS) for 2021/22 and the Annual Revenue Bills. This is to happen as soon as the National Assembly [...]
KRA Surpasses January Revenue Target by Ksh 3.53 B
The Kenya Revenue Authority's revenue collection for January topped its target by 102.6%, collecting Ksh 142 billion against KSh 138 billion. KRA attributes the revenue growth to an improvement in [...]Government Slashes Counties Funding to KSh326.5 Billion
The National Government has slashed counties funding, for the financial year 2021/2022, toKSh326.5 billion, down from the KSh370 billion pledged by President Uhuru Kenyatta. The President made the promise after [...]Regulator seeks Exemptions from Digital Tax for Capital Markets players
The Capital Markets Authority (CMA) plans to engage the Government on the newly introduced digital tax, to safeguard gains made within the sector. Luke Ombara, the director of regulatory at [...]Digital Tax: Government Mulls Exempting Startups from the 1.5% Levy
The government plans to exempt startups in Kenya from the 1.5% digital tax following an outcry from local entrepreneurs. KBC reports that the state is considering amendments in the Finance [...]Treasury Disburses Ksh 24 Billion to Counties
The National Treasury has disbursed Ksh 24.6 billion to county governments as part of the equitable share. The funds will help cash strapped counties to pay suppliers, and salaries among [...]China Delays Kenya's Ksh 27B Debt Repayment
China has postponed debt repayment for Ksh 27 billion ($245 million) due in the first six months of 2020. Treasury CS Ukur Yattani confirmed the agreement to defer the debt, [...]Kenya's Current Account Deficit Narrows to 4.7%
Kenya's current account deficit narrowed to 4.7% of the GDP at the end of November 2020, from 5.4% of the GDP a year earlier according to provisional data from the [...]
Super Petrol Prices Rise to Ksh 106.99 in January EPRA Review
Super Petrol will retail at Ksh 106.99 for the next 30 days, following an increase in pump prices in the latest Energy Petroleum regulatory Authority (EPRA) review. Diesel will [...]Digital Service Tax: KRA Lists Services That Attract the New 1.5% Levy
Subscription-based media such as news and magazines and online ticket sales are among services that will attract the 1.5% Digital Service Tax on gross transaction value, which took effect on [...]Kenya Eyes Over KSh 80B Debt Service Suspension After Paris Club's Approval
Kenya is seeking a KSh 40.6 billion debt service suspension for a debt due from 1 January and 30 June 2020 from bilateral creditors outside the Paris Club. In total, [...]
