Angola Gets Debt Relief from Chinese Creditors
Chinese creditors have granted Angola a three-year debt relief, enabling the country to get more than$700 millionin its next tranche of IMF (International Monetary Fund) financing in the coming days, [...]
National Debt Surpasses KSh 10 Trillion
The National Treasury will include Ksh 3.4 trillion in its national debt, owing to the International Monetary Fund's pressure on Public Debt Disclosure. This move will push Kenya's national debt [...]Mauritius FTA with China Kicks off
The China-Mauritius FTA officially signed in 2019 took effect on Friday, January 1 2021. The trade agreement is expected to open up the 1.4 billion-consumer market to Mauritius. This is [...]Nairobi Expressway Gazetted as a Toll Road
The Nairobi Expressway has been declared a toll road through a gazette notice signed by Cabinet Secretary for Transport, Infrastructure, Housing, Urban Development, and Public Works, James Macharia. A toll [...]
President Kenyatta Signs Tax Amendments, Tea Bills Into Law
President Uhuru Kenyatta on Wednesday signed the Tax Amendments and Tea Bill of 2018 into Law. The two new laws will adjust tax to pre-Covid levels and offer relief to [...]Kenya's Outdated Co-operatives Act to be Reviewed in 2021
The Co-operatives Act- Cap 490 which has been in existence for more than 15 years, could be reviewed in the new year. This follows a move by the Cabinet Secretary [...]Tea Bill to Guarantee Farmers Payments Within 14 Days after Auction
Senate recently approved the 2018 Tea Bill, which seeks to bring team farmers changes, including timely payments and less exploitation by go-betweens. The bill, approved on Monday, is expected to [...]Kenya's Parliament nods Bill to hike VAT, Individual and Corporate tax in 2021
Kenya's parliament has approved the Treasury's recommendations to increase Value Added Tax (VAT), Individual income tax, and corporate tax, signalling tough times in the new year for households and businesses. [...]Treasury releases KSh 37.5 Billion to Nairobi County as new boss takes over
Treasury has finally released KSh 37.5 Billion to the County Government of Nairobi, providing relief to city dwellers who have been without critical services for months. This follows the appointment [...]Kenya to Receive Stolen Assets Worth KSh 444 Million Stashed Abroad
Kenya is to receive the first transfer of KSh 444 Million in stolen assets stashed abroad. This is part of The Framework for the Return of Assets from Crime in [...]Government to Spend KSh3.2 Billion to Fight 2nd Wave of Locusts Invasion
The Government of Kenya and the Food and Agriculture Organization (FAO) have set aside KSh3.2 billion to fight the second wave of the desert locusts invasion in the country. According [...]Kenya Negotiating $2.3 Billion Loan from IMF for Post-Pandemic Recovery
The International Monetary Fund(IMF) is considering a request by Kenya for a US$ 2.3 billion loan to assist it to cope with the negative effects of coronavirus pandemic. Discussions are [...]
