Kenya Proposes Hefty fines, Stiff Jail Terms On Secret Shareholders
The noose has tightened on secret Central Depository (CDS) account shareholders who fail to disclose their identity. This is if parliament passes proposed amendments contained in the Finance Bill 2021. [...]
Somalia Restores Diplomatic Ties with Kenya after 5 Months
Somalia has restored diplomatic ties with Kenya after it severed relations on 15th December 2020, accusing Nairobi of meddling in its political affairs. The restoration of ties follows mediation by [...]
Think Tank urges National Treasury to freeze All New Projects
The Institute of Public Finance (IPF) Kenya has urged National Treasury to freeze all new public projects and reschedule public debt repayments. This to free more money to finance development [...]CMA to Reward Whistleblowers up to KSh 5 Million
The Capital Markets Authority (CMA) will reward a Whistleblower up a maximum of KSh 5 Million or 3% of the amount recovered. This is according to Capital Markets (Whistleblower) Draft [...]High Court Pauses Collections of 1% Minimum Tax
The High Court granted conservatory orders stopping the Kenya Revenue Authority from collecting minimum taxes pending the hearing and determination of petitions against the tax. Justice George Odunga urged the [...]KRA Collects KSh 21 Billion using Alternative Dispute Resolution Option
The Kenya Revenue Authority (KRA) has collected over KShs 21 billion using its Alternative Disputes Resolution (ADR) mechanism. This is after the tax authority resolved 393 ADR cases this financial [...]Sub-Sahara Africa requires US $ 425 Billion to fight pandemic effects IMF
Sub-Saharan Africa requires US $ 425 billion additional funding over the next five years to recover ground lost during the COVID-19 crisis. The April 2021 Regional Economic Outlook for Sub [...]James Ndegwa's Six-year Stint As CMA Board Chairman Ends
Capital Markets Authority (CMA) Board of Directors Chairman James Ndegwa has left the regulatory state agency. This follows the expiry of his two terms of three years as Board Chairman [...]US Issues Level 4 Travel Advisory Against Kenya
The United States has issued a level four travel advisory against Kenya, urging its citizens not to travel to Kenya. The advisory cautions against travelling to the country due to [...]Kenya Plans KSh 36 Billion Rescue Package for Loss-Making State-Owned Entities
Kenya's Treasury Cabinet Secretary Ukur YataniKenyan Travellers Added to UK COVID-19 Red List
Kenyan travellers and visitors who have been in or transited through Kenya in the previous ten days cannot enter the UK. This travel advisory, however, will not affect British and [...]IMF Approves 3-Year US$2.34 Billion Package for Kenya
The International Monetary Fund (IMF) on Saturday announced that its Executive Board has approved a three-year credit facility for Kenya amounting to US$2.34 billion to support the country's next phase [...]
