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More on Economy
24 Feb 2024
Navigating the complexities of encryption: Striking the balance between privacy and security in the digital age
In an increasingly digital world, the protection of privacy and the maintenance of security have become paramount concerns. The passage of the UK Online Safety Act highlights the ongoing struggle to s...
24 Feb 2024
The making of a national budget: Kenya’s budget cycle timeline
Kenya’s financial cycle relies on the budget process, which begins with the budget-making process. The budget process is guided by the budget calendar issued by the National Treasury and Economic Pl...
24 Feb 2024
Kenya’s fiscal landscape: A Review of the 2024 Budget Policy Statement and its implications on businesses
Background The Budget Policy Statement (BPS) is a government policy document that sets out the broad strategic priorities and policy goals to guide the National Government and County Governments in pr...
16 Feb 2024
Corporations in Kenya join govt in the ambitious plan to plant 15 billion trees.
Responding to the urgent global call for environmental protection and sustainability, Kenya has made a bold move to plant an unprecedented 15 billion trees. Aimed at mitigating climate change, increas...
16 Feb 2024
You can run, but you can’t hide: As Kenya adopts CRS, calls for balancing tax transparency with data privacy concerns emerge.
Kenyan commercial banks have started implementing the Common Reporting Standards (CRS), a tax procedures regulation of 2023. This regulation requires all Kenyan banks, trusts, and other financial inst...
16 Feb 2024
CBK agriculture survey: Sector shows resilience, expects price decline despite challenges.
The Central Bank of Kenya released the Agriculture Sector Survey for January 2024, highlighting the sector’s significant contribution to the country’s economy. Accounting for an estimate...
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...
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