AU Sanctions South Sudan
The African Union (AU) has sanctioned South Sudan after the government failed to pay its overdue membership fees worth over $9 million. Last week, delegates from the country could not [...]
Foreign Workers Suffer as American Visa Ban Hits 525,000 People
President Trump yesterday announced a visa freeze that will affect about 525,000 people. The American Visa freeze will run through the end of the year and affect 170,000 people seeking [...]Data Privacy Laws Take Effect in South Africa
South Africans will enjoy more data privacy as the Protection of Personal Information Act (PoPI) takes effect on July 1. The data privacy laws offer guidelines for companies to use [...]SGR Contract is Illegal Court of Appeal
The Court of Appeal has ruled that the SGR contract is illegal, following Kenya Railways' (KR) failure to follow the set procurement laws. The Court ruled out that the procurement [...]Kenya's President Nominates Janet Kabui Gathungu as Next Auditor General
President Uhuru Kenyatta has nominated Nancy Janet Kabui Gathungu as the Auditor General pending National Assembly's vetting and approval. Gathungu was among ten candidates vetted by the Recruitment panel including; [...]
Kenyan Legislators Reject Pension Tax, Scrap Excise Duty on Betting
Retirees in Kenya can breathe a sigh of relief as the National Assembly opposed new pension tax proposals. The finance bill had proposed the removal of existing tax incentive, that [...]Kenyans to Pay More for Alcoholic Drinks
Treasury CS proposed the amendment to the excise duty that will see an increase in excise duty on alcoholic products. The bill seeks a reduction of the threshold for alcohol [...]Pensions and Retirement Benefits under Siege in Proposed New Laws
Last Thursday, Treasury CS Ukur Yattani read out the BUDGET2020 under the theme: “Stimulating the Economy to Safeguard Livelihoods, Jobs, Businesses and Industrial Recovery.” The budget came at a time [...]Private Equity, Venture Capital Firms to come under CMA Oversight
Private Equity firms and Venture Capitalists that have access to pension funds will soon come under the regulatory regime of the Capital Markets Authority (CMA). This is to ensure the [...]
Kenya Budget 2020/21; More Taxes
Treasury CS Ukur Yattani read the budget promising to stimulate the economy and safeguard jobs and businesses. The 2020/21 budget will be financed by tax revenue, financial aid, and debt. [...]Treasury Cuts Funding for Big 4' Projects
The Big 4' Agenda projects have been allocated KSh 128.3 Billion in the 2020/21 National Budget. A massive drop from KSh450.9 Billion allocated in last year's budget and KSh 400 [...]Winners and Losers in the KSh 3.2 Trillion Kenya Budget 2020/21
The Treasury Cabinet Secretary Ukur Yatani walked a tight rope while making public pronouncements on the Kenya Budget including his revenue-raising measures and the highlights of the KSh 3.2 Trillion [...]
