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 [...]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 [...]
