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, [...]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 The two new laws will adjust tax to pre-Covid levels and offer relief to [...]Kenya's Outdated Co-operatives Act to be Reviewed in 2021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 [...]
