The Division of Revenue Bill (DoRB), 2021 proposes to allocate to County Governments Ksh.409.88 billion in the financial year (FY) 2021/22, which relative to the financial year 2020/21 allocation, reflects an increase of Ksh.53.5 billion or 16.9 %. This allocation comprises; equitable share of Ksh.370
The World Bank has named Senegalese national Makhtar Diop as the new managing director of its private sector arm, the International Finance Corporation effective March 1 2021. He becomes the first African to head the institution. Mr Diop, a former Minister of Economy and Finance in the West African country, is currently
serving as World Bank’s vice president for infrastructure, overseeing the lender’s work across energy, transport, and digital
development sectors.
Safaricom did a brave thing in being open and transparent about its policies, and in his opinion the fair usage policy as published is quite generous and caters for most customers.
In 2020, Kenya constituted a taskforce on Enhancing Access, Relevance, Transition, Equity and Quality for Effective Curriculum Reforms Implementation. The taskforce has released a report highlighting key issues and related recommendations that will enhance effective implementation of the Competency Based Curriculum (CBC) reforms as stipulated
Introduction The Virtual Opening of The Africa Business forum was held on the margins of the 34th Ordinary Session of the African Union Assembly Of Heads Of State And Government on 8th February 2021 at 14.45 hrs to 16.00hrs East Africa Time. The Forum was
TIFA Research has conducted a survey on Sentiments in the nation regarding BBI. The TIFA survey was designed and the data collected several weeks before the writing/release of the “letter” authored by Murang’a Senator Irungu Kang’ata on various aspects of the BBI Report and referendum
In Kenya’s national finance cycle, the Energy, Infrastructure and ICT Sector (EII) comprises nine sub-sectors namely: Energy and Petroleum; Infrastructure; Transport; Shipping and Maritime; Housing and Urban Development; Public Works; Information Communication and Technology; Broadcasting and Telecommunications. The Sector aims at providing efficient, affordable and
In his key note at the opening of the opening of the public Hearings on the FY 2021/22 and the medium-term Budget proposals at the Kenyatta International Convention Center on 25th November 2020, CS Ukur Yatani addressed the public on various elements of financial planning
The Interfaith Council for Corona Response sympathizes, prays and condoles with those that have lost loved ones due to the pandemic and continually pray for those infected and affected and their families. The Council notes that Covid19 pandemic infections and deaths continue to rise in
10.7%
Growth in broad money supply, M3, improved to 10.7
percent in the year to September 2020 compared to a
growth of 6.5 percent in the year to September 2019.
CS Magoha announced the reopening of schools, coupled with recommendations and protocols based of the work of the COVID 19 Education Committee appointed earlier to examine the issue of when learning should resume at school and under what conditions and with what protocols.
As we walk the path to economic recovery, we need to work towards resuscitating the evening
economy while keeping safe.
The National Treasury and Planning published a public statement on the status of payments to county governments. The Statement was published to inform citizens about the quantum of funds transferred to County Governments in FY 2019/20 and in preceding years. By the end of FY
The Ministry of ICT (MoICT) has released the draft Digital Economy Strategy which focuses on six pillars
On Tuesday 25th August 2020, the Kenya ICT Action Network (KICTANET) launched the 2020 ICT County Survey Report at a specially convened session of the Senate ICT Committee. The report assesses uptake and adoption of ICT at County Level as well as challenges and highlights
Kenya is currently one of Africa’s fastest growing ICT markets where ICTs have increased productivity, accelerated processes, increased human resource digital skills and contributed to improved standards of living for Kenyans.
On Wednesday this week, the Senate ICT Committee had a meeting ICT industry stakeholders to discuss industry views on items the Senate should focus on in its current session. The meeting was held online and attendance by the Committee members as well as industry was
On 2nd June 2020, the Cabinet Secretary for National Treasury and Planning Published Draft Value Added Tax (Digital Marketplace Supply) Regulations, 2020 for public review and comment. The draft Regulations are to give effect to the VAT Act as amended by the Finance Act, 2019 providing for levying of VAT on services rendered in the ‘digital market place’.
On 1st of June 2020, the President addressed the nation during the first ever ‘remote’ Madaraka day celebrations. In His address, he directed the Ministry of Education to fast track and finalize the ongoing consultations about school reopening with various stakeholders.
Last week, the Ministry of Education was put to task by parliament to come up with measures to mitigate the effects of COVID-19 in the education sector. Due to COVID19, His Excellency President Uhuru Kenyatta ordered the closure of all schools and other learning institutions
Today, the Supreme Court of Kenya issued an advisory opinion on a dispute between the National Assembly and Senate, regarding the Division of Revenue Bill for the Financial Year 2019/2020. The Division of Revenue Bill for the Financial Year 2019/2020 was not enacted into law, in
The CMA’s initiative is worthy to be applauded. It is hoped that it will ignite more collaboration among all the regulators of financial services.
