Protecting the Informal Sector is Key when Tackling COVID-19
As Kenya moves to contain the spread of the COVID-19 virus, the most vital yet vulnerable segment of the economy, the informal sector, are the most threatened. According to the [...]
Kenya Receives KSh5 Billion from World Bank to Combat COVID-19
The World Bank has approved Ksh5 billion immediate funding to support Kenya's response to COVID19 pandemic. The project dubbed Kenya COVID-19 Emergency Response Project will provide emergency funding for medical [...]
March Inflation Slightly Drops to 6.06%
Inflation in March dropped to 6.06%, compared to 6.37% inflation rate recorded in February. The Kenya National Bureau of Statistics (KNBS) included new items such as mobile phone airtime, pay-TV [...]KRA Commences Implementation of the Unified Payroll Returns
The Kenya Revenue Authority has announced the commencement of the unified payroll with National Social Security Fund (NSSF). This implies that there will be a joint declaration and payment of [...]Businesses Exempted From the Curfew
Supermarkets, retail outlets, chemists, mobile operators, media firms, petrol stations and banks will remain open during the dusk to dawn lockdown that begun yesterday. In a Gazette Notice No 30, [...]
Accountants Body Proposes Economic Support Scheme To Contain COVID-19
Kenya has maintained a stable and consistent economic growth for the past six years. The Budget policy statement 2020 had projected the economy to expand to 6.1% up from 5.6% [...]Uhuru's Fiscal Plan Needs Parliamentary Approval
Tax experts state that President Uhuru Kenyatta's fiscal plan needs parliamentary approval before it can be implemented. The President's proposals can only be implemented after obtaining approval from the National [...]Inside President Kenyatta's Rescue Plan
President Uhuru Kenyatta's administration on Wednesday unveiled a raft of new tax measures that it intends to introduce, to protect individuals, businesses and the old and well as other vulnerable [...]US Lawmakers Working on a $2 Trillion Stimulus Package
Reuters reports that senior Democrats and Republicans in the US senate on Tuesday said they were close to reaching a deal on the $2 trillion coronavirus economic stimulus package. The [...]NHIF Ends Comprehensive Cover for Civil Servants
The National Hospital Insurance Fund (NHIF) has terminated the comprehensive medical cover for civil servants, the police and prisons, with effect from 1st April 2020. According to Treasury CS, Ukur [...]Live feed; Kenya Govt, Banks, Announce Actions to Support Economy
The Kenyan Government through President Uhuru Kenyatta and Cabinet Secretary for Treasury will today as from 10.00 address the nation on the actions it will take to support the economy [...]
IRA Says COVID-19 Patients to Access Medical Cover
The Insurance Regulatory Authority (IRA) has assured policy holders who test positive for the COVID-19 Virus, that they will still access medical cover. IRA has taken this step following confirmation [...]
