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More on Finance
19 May 2024
Finance Bill 2024: Potential VAT and excise duty hikes threaten Kenya’s financial sector stability.
The Finance Bill 2024 portends a tightrope for the financial services sector. While the government is keen to bolster its coffers by implementing a raft of tax changes in the financial sector, ...
19 May 2024
IMF 6th reviews affirm Kenya’s economic resilience and emphasises critical reforms for sustained growth
In January 2024, the International Monetary Fund (IMF) concluded its 2023 Article IV consultation with Kenya, alongside reviews of the Extended Fund Facility (EFF) and Extended Credit Facility ...
9 May 2024
Africa’s trillion-dollar loss: Combating illicit financial flows through policy and advocacy.
Over the past 50 years, Africa is estimated to have lost more than $1 trillion in illicit financial flows (IFFs). This sum is roughly equivalent to all of the official development assistance received ...
9 May 2024
Institute of Public Finance Shadow Budget: Kenya’s 2024 budget prioritises debt service amidst fiscal constraints.
The KSh 4.1 trillion budget under the Kenya Kwanza administration marks the second fiscal plan in the current regime. The 2024 Budget Policy Statement (BPS) outlines a 4 percent increase from the prev...
4 May 2024
Java House tax dispute: Key lessons on taxation and compliance for businesses in Kenya.
The Kenya Revenue Authority (KRA) has ignited a heated dispute with private equity fund, Emerging Capital Partners Kenya (ECP Kenya), over a hefty tax claim of Sh773.8 million related to the 2017 sale...
26 Apr 2024
Game-Changer Alert: IFRS 18 Revolutionises Financial Performance Reporting
The International Accounting Standards Board (IASB) has been on a course to improve the standards of reporting in the corporate world. Having come out to shape sustainability reporting in the recent p...
21 Apr 2024
CBK introduces green finance taxonomy, paving the way for sustainable financial practices
In a groundbreaking development that signals a major step forward in environmental sustainability, the Central Bank of Kenya (CBK) unveiled the draft Kenya Green Finance Taxonomy (KGFT) for pub...
21 Apr 2024
Kenya’s Affordable Housing Regulations: A closer look at the draft provisions
As a bold testament to the government’s unwavering dedication to achieving affordable housing for all Kenyans, the State Department of Housing and Urban Development has swiftly unveiled the Affo...
12 Apr 2024
Kenya’s innovative approach to financing entrepreneurs: A deep dive into credit guarantee schemes.
Credit guarantee schemes (CGSs) are a form of financing for SMEs that emerged in Europe in the 19th and early 20th centuries, spearheaded by civil society and the private sector as a way to proffer cr...
12 Apr 2024
Ties that ‘bond’: The push for a diaspora bond gains momentum amidst strong remittance inflows.
The country’s diverse and vast diaspora community spans globally, making the push for a diaspora bond and calls for Kenyans living abroad to invest back home more significant. In the past few ...
12 Apr 2024
Addressing Africa’s digital trade challenges: Advancing policy reforms for equitable and inclusive growth.
In the ever-evolving global commerce landscape, digital trade has emerged as a transformative force, reshaping economies and transcending traditional boundaries. From the sale of software to the strea...
12 Apr 2024
Soaring commitment fees on unused loans amid weak shilling sparks debt management and policy concerns.
Kenya finds itself in a concerning scenario with its external borrowing, as a weak shilling has resulted in the country paying a staggering Sh833.85 million in commitment fees on unused loans in the f...
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