How State Spent Your Money in Q3 2019
A budget review report by the Controller of Budget indicates that the Government huge chunks of its cash on paying teachers’ salaries, transfers to semi-autonomous state agencies and footing the [...]
Kenya's President orders KTDA bosses probed
President Uhuru Kenyatta has directed the competition watchdog to look into the activities of Kenya Tea Development Agency (KTDA) to break the cartels that have been running the show at [...]Tax Appeal Tribunal Delivers 23 Judgments
The Tax Appeals Tribunal (TAT) has delivered 23 tax appeal judgments with a revenue implication of Ksh11 billion. In a statement, Paul Matuku, KRA Commissioner for Legal Service, says the [...]
KRA to Set Structures for Turnover Tax Collection
The Kenya Revenue Authority (KRA) is setting up a mobile payment module for the collection of turnover tax. This is part of an initiative to facilitate the payment of the [...]
Kenya Seeks KSh10 Billion from World Bank for Fisheries Sector
Kenya is seeking a KSh10 billion grant from the World Bank, a move that seeks to enhance its fisheries sector, as well as diversify its earnings from the blue economy. [...]Global Fund Grants Kenya KSh 42.7 Billion for Health
Kenya has received KSh42.7 billion grant from the Global Fund, money that will go into the fight against diseases such as HIV, Malaria and Tuberculosis for the period 2021/2024. Furthermore, [...]LPG Regulations Take Effect as Consumers Cry Foul
The new regulations governing the supply and retail of Liquified Petroleum Gas (LPG) have taken effect, even as consumers cry foul. This follows the closure of businesses by many LPG [...]Port of Mombasa Hits 1.4 Million Containers in 2019
The Port of Mombasa container handling section bet its set target of 1.35 million TEUs (Total Equivalent Units) for 2019, closing the year at a capacity of 1.4 million TEUs. [...]KRA Re-Introduces Turnover Tax From January 1st, 2020
The Kenya Revenue Authority has re-introduced turnover tax, in line with the Finance Act, 2019. Businesses whose income does not exceed KSh 5 million will pay 3% on gross sales, [...]Ghana Will Join 8 West African Countries to Use New Currency Eco
Ghanaian President Akufo-Addo has announced that the country will join 8 other West African countries to use Eco. Ghana will ditch Cedi, its current currency, and join Eco next year [...]Civil Servants' SACCOs Lead Other SACCOs
Government-based Deposit Taking-SACCOs control the majority of assets and deposits in the Sacco sub sector. The big players in this category include Stima Sacco with assets worth Sh 32.3 billion, [...]Kenya Roads Board seeks advisors for KSh 150 Billion financing
The Kenya Roads Board is seeking for Transaction Advisers and Lead arrangers for KSh 150 Billion financing. In a tender notice, the Roads Board, a state corporation under the Ministry [...]
