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Half year tax revenues down 13.6 per cent at Ksh.673.6 billion
By Kepha Muiruri, 1640, January 22, 2021 (EAT)
The National Treasury has reported a 13.6 per cent slump in tax collected through the first six months of the 2020-21 financial year to December 2020....

Kenya Revenue Authority (KRA) , National Treasury , taxes
China allows Kenya to skip Ksh.27B in debt repayments
By Kepha Muiruri, 1451, January 20, 2021 (EAT)
Kenya’s top creditor China has allowed Kenya to skip Ksh.27 billion in debt repayments falling due between January and June this year. The freeze...

china , debt
Broke Treasury blames COVID-19 for delayed county funding
By Kepha Muiruri, 1551, January 14, 2021 (EAT)
The National Treasury has blamed the evolving COVID-19 virus for the delayed disbursement of funds to county governments which have since fallen behin...

County Funding. , COVID-19 , National Treasury
President Kenyatta meets Japan’s Foreign Affairs minister Toshimitsu Motegi
By PSCU, 1522, January 13, 2021 (EAT)
President Uhuru Kenyatta met visiting Foreign Affairs Minister of Japan Mr Toshimitsu Motegi at State House, Nairobi on Wednesday. Mr Motegi, who i...

JAPAN , Toshimitsu Motegi
After sitting on the fence, Kenya takes up debt-suspension offer
By Kepha Muiruri, 1839, January 11, 2021 (EAT)
Kenya has agreed to take up the debt service suspension initiative (DSSI) after tiptoeing around the deal for months. The Paris Club which represen...

debt service suspension initiative (DSSI) , Kenya's debt , National Treasury
Low profit margin firms ‘punished’ in minimum tax roll out
By Kepha Muiruri, 1821, January 5, 2021 (EAT)
High turnover but low profit margin yielding firms are expected to see the bitter end of the minimum tax effected at the start of the year. This is...

minimum tax , National Treasury
2020 review: On public debt, it’s from the frying pan towards fire
By Kepha Muiruri, 1028, December 31, 2020 (EAT)
In a nutshell, Kenya’s stock of public debt stood at Ksh.1.3 trillion a decade ago, today, this stock has climbed to Ksh.7.1 trillion as of Septembe...

2020 Year in Review , CS Ukur Yatani , National Treasury , Public debt
President Kenyatta, Ethiopia PM Abiy Ahmed inaugurate Moyale border post
By PSCU, 1551, December 9, 2020 (EAT)
President Uhuru Kenyatta and visiting Ethiopia PM Abiy Ahmed on Wednesday inaugurated the Moyale One-Stop Border Post (OSBP). Also inaugurated is t...

Abiy Ahmed , Ethiopia , Moyale border post , Moyale One-Stop Border Post
Ethiopia PM Abiy Ahmed begins two-day State visit to Kenya
By PSCU, 1317, December 9, 2020 (EAT)
Ethiopia Prime Minister Abiy Ahmed on Wednesday began his two-day visit to Kenya. President Uhuru Kenyatta received Dr. Ahmed at the Moyale One-Sto...

Abiy Ahmed , Ethiopia , tigray
Parliament to rubber stamp COVID-19 tax reversals
By Kepha Muiruri, 844, December 9, 2020 (EAT)
The National Assembly is expected to give the final nod on the reversal of tax relief measures effected at the start of the COVID-19 pandemic. Memb...

coronavirus , National Treasury , PAYE , tax laws
Treasury unveils SME credit guarantee program
By Kepha Muiruri, 1632, December 8, 2020 (EAT)
The National Treasury has unveiled the long awaited small and medium enterprises (SME) credit guarantee scheme signalling relief for struggling small-...

National Treaasury , SME credit guarantee scheme
Treasury ends COVID-19 tax relief measures to recover lost revenues
By Kepha Muiruri, 1612, December 4, 2020 (EAT)
The National Treasury has moved to cut off COVID-19 tax relief measures effective from January, 2021 as it seeks to reinstate lost government revenues...

COID-19 , PAYE , tax rief measures , VAT
Treasury to favour Euro-denominated loans
By Kepha Muiruri, 1854, December 1, 2020 (EAT)
The National Treasury says it will now favour taking out Euro-denominated loans over credit extended in US dollar terms as it seeks to minimize Kenya�...

CS Ukur Yatani , Kenya's debt , National Treasury
Kenya lowers 2020 growth projection, sees rebound next year
By Reuters, 1251, November 26, 2020 (EAT)
Kenya has lowered this year’s economic growth projection because the first half turned out worse than expected, but growth is expected to rebound in...

coronavirus
Kenya seeks three and a half year access to IMF emergency loans
By Kepha Muiruri, 1054, November 21, 2020 (EAT)
Kenya is in deep talks with the International Monetary Fund (IMF) over the access of emergency bail out loans over the next three and a half years, th...

CS Ukur Yatani , debt , International Monetary Fund (IMF) , National Treasury
Wycliffe Shamiah is new CMA Chief Executive Officer
By Kepha Muiruri, 1649, November 19, 2020 (EAT)
The board of the Capital Markets Authority (CMA) has announced Wycliffe Shamiah as the regulator’s new Chief Executive Officer ending a 14-months lo...

Capital Markets Authority (CMA) , Wycliffe Shamiah
Kenya plans to defer Ksh.75B in debt payments under G20 coronavirus initiative
By Reuters, 1009, November 19, 2020 (EAT)
Kenya has changed its mind about a G20 coronavirus debt relief initiative it declined to join earlier this year. The country is now planning to def...

coronavirus , G20 Debt Service Suspension Initiative , Ukur Yatani
Gov’t rolls out first comprehensive insurance cover for civil servants, NYS
By Citizen Reporter, 1807, November 18, 2020 (EAT)
The Government has rolled out Kenya's first comprehensive insurance cover for civil servants and the National Youth Service (NYS). National Treasur...

insurance cover , NHIF , NYS , Yatani
President Kenyatta says public servants should focus on service delivery
By PSCU, 1607, November 10, 2020 (EAT)
President Uhuru Kenyatta has reminded public servants to focus on serving wananchi and avoid creating unnecessary bottlenecks that slow down service d...

Kenya Railways transit shed , Uhuru
You’ve helped Gov’t meet its financial obligations, Uhuru commends taxpayers
By PSCU, 1616, November 6, 2020 (EAT)
President Uhuru Kenyatta has commended all compliant taxpayers for their high sense of civic duty and fidelity to the tax laws that has afforded the c...

KRA , tax , TAXPAYERS , Uhuru kenyatta