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More on Economy
16 Feb 2024
Insights from the National Assembly report on the Affordable Housing Bill, 2023.
The Parliamentary Budget Office (PBO) in January 2024 published a financial and economic analysis of the Affordable Housing Bill, 2023 (the Bill). The PBO in its analysis raised several issues and con...
16 Feb 2024
Navigating Voluntary Tax Disclosure Programmes: A Guide for Businesses.
In the dynamic landscape of taxation, businesses often find themselves grappling with complex tax compliance requirements. In response to this challenge, tax authorities around the world have introduc...
16 Feb 2024
CBK surveys point to optimism despite inflationary pressures: MPC raises interest rates.
The Central Bank of Kenya (CBK) conducts a Market Perceptions Survey before each Monetary Policy Committee (MPC) meeting to gather insights from banks and non-bank private sector firms regarding vario...
16 Feb 2024
Driving compliance in Kenya: Public and private sectors should collaborate to navigate low compliance levels.
Compliance is a critical imperative for both the public and private sectors, although the nuances of implementation vary significantly between them. The distinct approaches taken by both sectors are l...
16 Feb 2024
Kenya’s Eurobond return exceeds expectations, eases debt repayment concerns.
On February 7, the Kenyan government made an offer to partially repurchase its existing Eurobond, which is maturing on June 24, 2024, at par, including payment of accrued interest. Additionally, the g...
9 Feb 2024
President Ruto’s Japan visit Sh350bn deals, powering Kenya’s economic revival
President Ruto’s visit to Japan earlier this week led to the signing of agreements worth Kshs 350 billion. A giant share of the money will go towards key projects and programmes crucial for Keny...
9 Feb 2024
AfCFTA competition protocol: Balancing opportunities and challenges for digital platforms in Africa
The vision of a united Africa is realised through the establishment of the Africa Continental Free Trade Area (AfCFTA), the world’s largest Free Trade Area (FTA), encompassing 55 countries and r...
9 Feb 2024
Ukrainian delegation visits Kenya: Kyiv actively pursues business and diplomatic relations with Nairobi amid ongoing conflict
The Republic of Ukraine, despite the ongoing conflict, is actively seeking diplomatic partnerships and building relationships with Kenya. A delegation from Ukraine was in the country recently to meet ...
9 Feb 2024
Bridging the revenue deficit: Kenya’s quest to explore diverse international markets
Kenya’s economy was hit by global shocks, including the COVID-19 pandemic and geo-political issues, such as the Ukraine-Russia conflict, over the past two years. This has been exacerbated by the...
9 Feb 2024
Kenyan shilling expected to continue free fall against the dollar through 2024, prompting urgent action
The Kenyan shilling’s free fall against the dollar and major currencies is expected to continue for the better part of 2024, as the local currency officially crossed the 160-unit points against the ...
2 Feb 2024
Trade and Financial Services Round-Up.
KENYA UK and Kenya in fierce tax fight The United Kingdom has made an official complaint over the higher import duty Kenya charged on some of its products, a senior government official has revealed. I...
2 Feb 2024
PSRA’s solo move to impose minimum wage on security firms sparks legal challenges and ministry disapproval
The Private Security Regulatory Authority (PSRA) in November 2023 released a Legal Notice which set the minimum wage for private security officers at Kshs.30,000 per month. While this was a move that ...
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