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President Uhuru Kenyatta signs six Bills into law
By PSCU,
1555, July 9, 2020 (EAT)
President Uhuru Kenyatta has signed six Bills into law from the Senate and the National Assembly.They include the Public Finance Management (Amendment...
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KRA pays out a record Ksh.24 billion in VAT refunds
By Kepha Muiruri,
1757, July 8, 2020 (EAT)
The Kenya Revenue Authority (KRA) paid out a record Ksh.23.6 billion out of Ksh.36.1 billion in total VAT refund claims for the year ending June 30. ...
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Treasury to propose reintroduction of betting tax
By Matthews Mutai,
1815, July 2, 2020 (EAT)
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...
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Co-operative bank given green-light to acquire Jamii Bora
By Kepha Muiruri,
1054, July 2, 2020 (EAT)
The shareholders of Jamii Bora bank has approved the acquisition of the lender’s majority stake by the Co-operative Bank of Kenya in meeting held We...
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Kirinyaga Governor Anne Waiguru says MCAs budget changes are illegal
By Johnson Muriithi,
1846, July 1, 2020 (EAT)
Kirinyaga Governor Anne Waiguru has accused the County Assembly of arm-twisting county executives to settle their scores using the 2020-2021 budget fo...
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Kenya’s 1.5% digital services tax for Netflix, Uber to take effect in January
By Kepha Muiruri,
2000, June 30, 2020 (EAT)
The operation of the 1.5 percent digital services tax levied on gross sales by online businesses such as Netflix and Uber is set to take effect early ...
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Uhuru signs into law 2020 Finance Bill which extends zero rating of VAT on unga, cooking gas
By PSCU,
1838, June 30, 2020 (EAT)
President Uhuru Kenyatta has signed into law the 2020/21 Budget, the 2020 Finance Bill and the 2019/20 Third Supplementary Budget. The Ksh. 3.2tril...
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League CEO Masters to face parliamentary committee over Project Restart
By Reuters,
1521, June 26, 2020 (EAT)
Premier League chief executive Richard Masters will face questions from a British parliamentary committee next week on soccer’s restart amid the COV...
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Treasury to recapitalize Kenya Airways to the tune of Ksh.7.5 billion
By Kepha Muiruri,
1706, June 26, 2020 (EAT)
The government is expected to pump in additional capital as it seeks to transition Kenya Airways (KQ) into a fully owned State entity. According to...
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CBK holds the benchmark lending rate at 7 percent
By Kepha Muiruri,
1755, June 25, 2020 (EAT)
The Central Bank of Kenya (CBK) has held its benchmark lending rate for the second time at seven percent, noting continued policy transmission on rece...
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MPs shoot down taxes on pensions, cooking gas in Finance Bill adoption
By Kepha Muiruri,
1125, June 24, 2020 (EAT)
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...
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Ousted Sports committee chair Munyaka defends his record
By Stanley Mativo,
2056, June 20, 2020 (EAT)
Ousted Sports committee chairman at the National Assembly Victor Munyaka says the ongoing political realignments have derailed his glamorous dreams fo...
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Pensioners spared from tax as Kenyans are handed cheaper Unga
By Kepha Muiruri,
954, June 19, 2020 (EAT)
The National Assembly Finance and National Planning Committee has thrown out proposals that would have seen monthly pension payment attract tax paymen...
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DIAZ: 2020/2021 Kenya budget a short in the arm for local industry in advent of COVID-19
By Guest Writer,
1538, June 13, 2020 (EAT)
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...
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Yatani’s normal budget in abnormal circumstances
By Kepha Muiruri,
916, June 12, 2020 (EAT)
Drawing from a popular anecdote by Health Cabinet Secretary Mutahi Kagwe, experts have termed the 2020/21 budget statement as normal in abnormal circu...
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The 2020/21 budget winners and losers
By Kepha Muiruri,
914, June 12, 2020 (EAT)
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 ...
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Premier League clubs face Sh135b revenue drop
By Agencies,
1143, June 11, 2020 (EAT)
Premier League clubs face a 135-billion-shilling reduction in their revenues in 2019-20 because of the coronavirus pandemic, says financial services f...
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Budget day: Yatani’s budget of pain
By Kepha Muiruri,
920, June 11, 2020 (EAT)
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...
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Budget day: Inside the 2020/2021 Ksh.2.73 trillion spending plan
By Kepha Muiruri,
922, June 11, 2020 (EAT)
The 2020/2021 budget barely differs with its predecessor as the total spend rounds off to Ksh, 2.73 trillion from Ksh.2.78 trillion last year. The ...
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‘I have no regrets!’ Moses Kuria accepts removal from National Assembly committee
By Ian Omondi,
1434, June 8, 2020 (EAT)
Gatundu South Member of Parliament Moses Kuria has accepted his recent removal as Vice Chairperson of the Transport, Infrastructure, Public Works and ...
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