Inflation Adjustment explainer

What is Adjustment for Inflation? The Excise Duty Act and Miscellaneous Fees and Levies Act provides for the Commissioner-General of the Kenya Revenue Authority, by Gazette Notice, to adjust the specific rate of excise duty every two years to take into account inflation. Recently, the

Nairobi International Financial Centre and Kenya’s Critical Development Path

The set-up of the Nairobi International Financial Centre is a major milestone in Kenya’s ongoing efforts to become an Upper Middle-Income Country (UMIC). While its significance will largely become clear with time, the set-up of International Financial Centres (IFCs) generally, often are precursors for market

Equipping SMEs for sustainable economic growth

Small, Medium-Sized Enterprises have been playing a vital role in the economy for decades. They account for most businesses worldwide and are essential contributors to job creation and global economic development. They represent about 90 per cent of businesses and more than 50 per cent

Redefining manufacturing for a sustainable economy

Manufacturing is a critical sector in Kenya’s economic development in its contribution to both the national output and exports, as well as job creation.  Over the past decades, the sector has contributed heavily to diversifying Kenya’s economy. However, the pandemic in 2020 had a significant

Big wins for SMEs

Banking on technological advances in standards
application, KEBS has also committed to supporting
MSMEs to adopt ICT and adapt to the digital
revolution by exploiting tech opportunities such as
cloud computing and data analytics, among others.