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More on Economy
22 May 2023
Analysing the government’s justification behind the Finance Bill
The Finance Bill 2023 proposes a raft of tax measures, some of which appear to have explored some uncharted territory. This is the first Bill under the new regime and it is grappling with several chal...
22 May 2023
Quarterly Economic and Budgetary Review: Analysis of 3rd Quarter FY2022/2023 (Ending March 31, 2023)
The National Treasury recently published the Third Quarter report for the financial year 2022/2023 per the provisions of the Public Finance Management Act, 2015. Below are some of the highlights of th...
22 May 2023
Unveiling CBK governor nominee Kamau Thugge: Insights into his Background, Fiscal Policies, and Implications for Kenya
As Central Bank of Kenya governor Patrick Njoroge’s term comes to an end next month, the process to find his replacement has begun. On Monday, 15th May 2023, President William Ruto announced that he...
22 May 2023
Analyzing the Pros and Cons of Exchange Rate Fluctuation
In a recent visit to Kenya, IMF managing director Kristalina Georgieva held discussions with President Ruto and members of the Cabinet on possible policy recommendations concerning Kenya’s recovery ...
15 May 2023
Tax Appeals: Examining the Impact of ‘Pay to Play’ on Access to Justice and Cash Flow Constraints for MSMEs
‘Pay to play or pay to be played?’ Sections of the Finance Bill 2023 have caused a buzz amongst them the amendment of Section 32 of the Tax Appeals Tribunals Act to cause taxpayers who seek an app...
15 May 2023
An analysis of the salient features of Economic Survey 2023
The Kenya National Bureau of Statistics (KNBS) recently published the Economic Survey 2023. Economic surveys are aimed at promoting a better understanding of the economic situation and key challenges ...
15 May 2023
Unveiling the Economic Ramifications: The Impact of 16% VAT on Fuel and Fuel Products
The recent proposal to increase the Value Added Tax (VAT) imposed on petroleum from a rate of 8% to 16%, is bound to impact fuel prices and is poised to reverberate across various sectors of the econo...
15 May 2023
Finance Bill 2023: Is it the Breaking Point for Overburdened Kenyan Taxpayers?
The Finance Bill, 2023 which has got many tongues wagging across the country was tabled before the National Assembly on Thursday, May 4, 2023, by the National Treasury. The Bill proposes an array of t...
8 May 2023
KNTC to go the duty-free shops’ way in low-income areas to provide basic commodities at lower prices
Kenyans who travel by air are familiar with the concept of duty-free shops. This is where one buys specific goods such as perfumes, cosmetics, tobacco and hard liquor at lower prices because import du...
8 May 2023
Main Feature: World Economic Outlook Report 2023: Insights into the rocky path to recovery
What is the IMF? The International Monetary Fund (IMF) was established in 1944 in the aftermath of the Great Depression in the 1930s. At the founding stage, the membership of the IMF comprised 44 memb...
8 May 2023
Highlights of the Finance Bill 2023: Tax changes and proposals by Kenya Kwanza government
The Finance Bill 2023 is the first fiscal legislative proposal under the Kenya Kwanza administration, aimed at implementing the Bottom Up Transformation Agenda. The Kenyan economy is expected to maint...
18 Apr 2023
Kenyans yet to see fruits of govt efforts to tame skyrocketing commodity prices
Kenyans have decried the high cost of living as the prices of basic food commodities have gone up making it hard for them to sustain themselves. The government on the other hand has faulted the war in...
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