Covid-19: Ailing economy forces Uhuru’s hand in re-opening country

By Kepha Muiruri,

Caught between a rock and a hard place in reviewing existing COVID-19 mitigation measures, President Uhuru Kenya inclined on easing the pressure place...

COVID-19 , Kenya's economy , President Uhuru Kenyatta

Treasury to propose reintroduction of betting tax

By Matthews Mutai,

Treasury CS Ukur Yatani will propose reintroduction of the 20% betting tax within six months after claiming that the excise tax was removed through th...

Betting tax , CS Ukur Yatani , gambling

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

Kenya earns second negative credit outlook from debt stress

By Kepha Muiruri,

Global credit ratings agency Fitch has revised its outlook on Kenya as a long-term debt issuer from stable to negative. In a statement issued Frida...

Fitch , Kenya's debt , National Treasury

Beryl Okumu to chair the Governing Council of Kenya Water Institute

By Citizen Reporter,

Beryl Okumu has been appointed as the chairperson of the Governing Council of Kenya Water Institute. In a Gazette notice dated June 19, 2020, Water...

beryl okumu , Governing Council of Kenya Water Institute

Mudavadi wants CS Yatani, Macharia queried on SGR project after ruling that the project violated the law

By Citizen Reporter,

Amani National Congress Party Leader Musalia Mudavadi now wants Treasury Ukur Yattani and Transport CS James Macharia to clear the air on claims that ...

Ministry travel budgets hit Ksh.12.8 billion in nine months

By Kepha Muiruri,

Travel budgets by Ministries and State departments rose by 7.6 percent in nine months to March 2020 to hit Ksh.12.8 billion. The steady rise in tra...

austerity , Controller of Budget (COB) , Ukur Yatani

Pensioners spared from tax as Kenyans are handed cheaper Unga

By Kepha Muiruri,

The National Assembly Finance and National Planning Committee has thrown out proposals that would have seen monthly pension payment attract tax paymen...

2020 Finance Bill , Finance and National Planning Committee , NSSF

CBK urged to relax rules to banks on loan defaults

By Kepha Muiruri,

The Central Bank of Kenya (CBK) has been urged to relax loan-loss provisioning rules to commercial banks as loan defaults pick up. Analysts at Cyto...

Central Bank of Kenya (CBK) , Cytonn Investment , Dr. Patrick Njoroge

DIAZ: 2020/2021 Kenya budget a short in the arm for local industry in advent of COVID-19

By Guest Writer,

In spite of having featured as one of the four thematic development pillars for Kenya over the medium, manufacturing has been seen by many observers t...

budget , coronavirus , kicotec , PPEs

Yatani’s normal budget in abnormal circumstances

By Kepha Muiruri,

Drawing from a popular anecdote by Health Cabinet Secretary Mutahi Kagwe, experts have termed the 2020/21 budget statement as normal in abnormal circu...

2020/2021 budget , CS Ukur Yatani

The 2020/21 budget winners and losers

By Kepha Muiruri,

Treasury Cabinet Secretary Ukur Yatani’s maiden budget statement delivered a mixed bag of fortune for Kenyans in a quest to strike a balance in net ...

2020 Finance Bill , 2020/21 budget , National Treasury

Banks extend cushioning to customers as loan restructures hit Ksh.360 billion

By Kepha Muiruri,

Commercial bank loan restructures to cushion borrowers against the Covid-19 pandemic have increased to top Ksh.360 billion. In his maiden budget st...

Central Bank of Kenya (CBK) , Covid-19 pandemic , non-performing loans

Tax cheats granted 3-year grace period to declare correct taxes

By Philip Mwaniki,

Tax cheats have been granted a three-year grace period to disclose correct declarations and pay without facing any penalties, Treasury CS Ukur Yatani ...

tax cheats , tax evasion

Ksh. 14B budgetary allocation for Sports

By Citizen Team,

The Sports docket has been allocated Sh14 billion as proposed by the Treasury Cabinet Secretary Ukur Yatani while reading the 2019/20 budget on Thursd...

Sports budget

Budget 2020: Online businesses to pay taxes for digital transactions

By Tonny Ndungu,

The Kenyan Government is planning to introduce a 1.15 percent digital service tax informed by the growing number of business transactions being carrie...

Budget day: Yatani’s budget of pain

By Kepha Muiruri,

In just a few hours, Treasury Cabinet Secretary Ukur Yatani is expected to walk down the steps of the planning ministry to head into the National Asse...

2020/2021 budget , CS Ukur Yatani , National Treaasury

One on one with Treasury CS Ukur Yatani ahead of budget reading

By Faizal Ahmed,

This year's budget reading process is expected to be different. Like other State functions, it will have minimal attendance  with the highlight of...

Kenya budget , Ukur Yatani

Budget Committee seeks to raise budget by Ksh.50 billion

By Kepha Muiruri,

The National Assembly Budget and Appropriations Committee (BAC) has proposed ammendments to the 2020/21 expenditure estimates that will see a cumulati...

2020/2021 budget , National Treasury

75% of Kenyan SMEs stare at total collapse by end of June

By Kepha Muiruri,

Three quarters of all small and medium enterprises (SMEs) are staring at a total collapse by the end of June as cash-flows shrink. Central Bank of ...

Central Bank of Kenya (CBK) , SMEs in Kenya