Kenya Among Countries Set to Get Gilead's Covid-19 drug; Remdesivir
Kenya is among the list of 127 countries that are set to receive Gilead Sciences' Remdesivir, an intravenous antiviral drug that has helped shorten the recovery time of some hospitalized [...]
Kenya to Experience Slowest GDP Growth in East Africa in 2020
Kenya's economy is expected to experience the slowest economic growth rate in the East Africa region in 2020. The country is projected to suffer more severe setbacks than Uganda, Tanzania, [...]
Kenya GDP to hit below 0.2%, says World Bank
The World Bank, in its latest Kenya Economic Update, April 2020 titled: Turbulent Times for Growth in Kenya Policy Options during the COVID-19 Pandemic, has warned that the COVID-19 [...]Kenya offers Olive Branch to tax evaders
National Treasury will from next year begin granting waivers of upto 100% on interest and penalties to individuals and firms that abscond from their tax obligations. The idea is to [...]Proposal to freeze interest on Kenya Govt paper draws wrath of Insurers Lobby Group
A proposal by the Government to defer interest payments on its debt papers held by insurance firms in the form of pension funds has drawn sharp criticism from the powerful [...]KRA to Snoop on MPESA and Bank Accounts
The Court of Appeal has restored KRA's power to snoop on tax evaders' MPESA and bank accounts. In a ruling, the court argues that hindering KRA from accessing the information [...]
Millions of Workers Left Jobless
As the world celebrated International Labor Day, millions of workers worldwide remained uncertain about the prospects of returning to work. Countries have enforced social distancing and lockdown rules that have [...]COVID-19 dampens Kenya's Economic growth prospects
Growth of Kenya’s economy in 2020, like most economies all over the world, will largely be depend on how it manages to cushion life and economic activities from disruptions posed [...]Kenya's GDP to grow below 2.5% if COVID-19 persists, says Treasury
Kenya's economic growth rate is expected to drop further to 2.5% from an earlier projection of 3.0%. This is if extreme shocks associated with COVID-19 pandemic persist and global demand [...]Kenya's Tax Relief Plan
A national response unit designed to cushion most vulnerable individuals and businesses from COVID19 is now live. This follows the signing by President Uhuru Kenyatta of the Tax Laws (Amendment) [...]Kenya's Military, Civil Servants to take pay cuts
Kenya Defense Forces (KDF) officers and Senior Civil Servants are among those expected to take a pay cut beginning with the month of April 2020. This comes after the President [...]Credit Rating Agency gives Kenya Negative Outlook in 2020
Kenya's economy could hit the doldrums due to the country's heavy external borrowings, huge budget deficit, low demand for its exports and high debt distress levels. All these economic factors, [...]
