Kenya is using Ksh.2.6 billion daily to pay debt, the same amount it borrows

By Kepha Muiruri,

Kenya is now using Ksh.2.6 billion daily to pay off its outstanding debt according to a new analysis of government spending by Citizen Digital. Thi...

Kenya's debt distress , National Treasury , taxes

Parliament ratifies Kenya-UK trade pact

By Kepha Muiruri,

Members of Parliament ratified the Kenya-UK trade pact on Tuesday night, rubber stamping the trade agreement into law on the deadline-day. The adop...

brexit , Kenya-UK trade deal , Trade CS Betty Maina

Senate approves new tea regulations, sets the path for radical sector changes

By Kepha Muiruri,

The Senate has overwhelmingly voted in support of the 2018, Tea Bill approving the implementation of radical changes in the tea industry. The appro...

CS Peter Munya , KTDA , Tea Bill , Tea Regulations

KRA effects higher excise rates, signals greater fuel, alcohol prices

By Kepha Muiruri,

The Kenya Revenue Authority (KRA) adjusted its effective excise duty rate by five percent, signalling higher costs for excisable goods which largely f...

excise duty , Kenya Revenue Authority (KRA)

Kenya takes solo path in negotiating UK trade deal

By Kepha Muiruri,

The Ministry of Trade and Industry has announced the commencement of negotiations to a potential UK-Kenya economic partnership agreement. The negot...

East African Community (EAC) , Kenya-UK trade deal , KNBS , Reginald Kadzutu

MPs shoot down taxes on pensions, cooking gas in Finance Bill adoption

By Kepha Muiruri,

The 2020 Finance Bill sailed through the floor of the National Assembly as Members of Parliament shot down proposals by Treasury to raise taxes from p...

2020 Finance Bill , National Treasury , taxes

2019 review: Interest caps fall at second attempt

By Kepha Muiruri,

In a seemingly last ditch attempt to salvage the economy off interest cap hurdles, the National Treasury through the then Cabinet Secretary Henry Roti...

CBK , interest rate caps , National Treasury

Kenya bankers welcome Uhuru repeal on interest rate cap

By Paul Ombati,

Kenya Bankers Association chairperson Joshua Oigara has welcomed the repeal of the interest rate cap which President Uhuru Kenyatta assented to His...

bankers association , oigara

KRA disputes tribunal ruling on betting wins

By Kepha Muiruri,

The Kenya Revenue Authority (KRA) has disputed Wednesday’s ruling by the Tax Appeals Tribunal (TAT) on the definition of winnings by betting custome...

BetIn , betting , KRA , SportPesa , Tax Appeals Tribunal (TAT)

MPs leave Kenyans at the mercy of banks as rate caps fall

By Kepha Muiruri,

Members of Parliament (MPs) have left Kenyans at the mercy of banks on the rate charged on new loans as the interest rate caps fall. In a chaotic v...

Gov’t insists on sale of National Bank to KCB despite Parliament opposition

By Faizal Ahmed,

The National Treasury has approved the KCB Group planned takeover of rival National Bank, despite opposition by the National Assembly. In a stateme...

KCB , national bank

Tobacco control advocacy lobbys Treasury to probe BAT for tax avoidance

By Kepha Muiruri,

The Kenya Tobacco Control Alliance (KETCA) has written to the National Treasury calling for the investigation of the British American Tobacco (BAT) ov...

British American Tobacco (BAT) , Kenya Tobacco Control Alliance , National Treasury , Tax Justice Network

CBK in court to back removal of interest caps

By Kepha Muiruri,

The Central Bank of Kenya (CBK) has filed a cross-petition in court to defend its stand for the total removal of interest caps by commercial banks. ...

CBK , Dr. Patrick Njoroge , interest rate cap law , Kenya Banking Charter

Taxpayer Association, counties oppose Senate oversight bid

By Kepha Muiruri,

The National Taxpayers Association (NTA) has alongside counties expressed their opposition to Senate’s bid to supervise to inspect the counties book...

County Assembly Forum , Edward Ouko , National Tax Payers Association , OAG , TAXPAYERS

Legislators unstirred by rate-cap ruling

By Kepha Muiruri,

Legislators have vowed to ensure the continued hold of interest earnings from commercial banks’ lending, playing down a hint at a return to expensiv...

COFEK , Habil Olaka , interest rate cap law , Jude Njomo , Kenya Bankers Association

What Jeff and MacKenzie Bezos’ divorce could mean for Amazon

By CNN,

Shortly after they were married, MacKenzie Bezos drove her husband, Jeff, across the country from New York to Seattle while he typed out a business ...

Amazon , Blue Origin , Jeff Bezos , MacKenzie Bezos

After tragedies and big losses, Hyundai looks to reverse North Korea fortunes

By Reuters,

For Hyundai, the South Korean conglomerate, North Korea has been a story of lost opportunities – and tragedy. In 2003, months before Hyundai was ...

Founder Chung Ju-yung , Hyundai , Kim Jng Un , North Korea

Africans fear new trend of hiking taxes on calls, data

By Reuters,

The brisk business Julius Kirya did from his cash transfer kiosk in the Ugandan capital has slowed right down with a new tax on mobile money. Many ...

mobile money , Safaricom , uganda social media tax

New Safaricom MPesa charges to take effect on July 1

By Rachel Ombaka,

Kenyans will from July 1 have to dig deeper into their pockets as the new charges for the money transfer service MPesa take effect. In his budget r...

mpesa

Airtel’s Kenyan unit abandons plan to merge with Telkom – sources

By Reuters,

The Kenyan unit of Bharti Airtel has abandoned plans to merge with Telkom Kenya to take on the market leading operator Safaricom, industry and governm...

Airtel , communications , ICT Ministry , investment , Joe Mucheru , Merger , Safaricom , telecom , Telkom