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More on Finance
12 Apr 2024
Budget struggles loom: IEA highlights impact of delayed Division of Revenue Bill on county budgets.
An analysis of the Division of Revenue Bill (DoRB), 2024, by Faith Nzomo of the Institute of Economic Affairs (IEA) recently identified several issues that require attention before the bill is passed....
5 Apr 2024
Austerity measures clash with spending trends: Why the government must walk the talk.
The government has been issuing edicts ordering spending cuts across the executive, ministries, departments, and agencies as part of austerity measures that have been rolled out. Despite all these edi...
5 Apr 2024
Kenya’s Economic Freedom Ranking: A Look at the 30th Anniversary Index Results
This year marks the 30th anniversary of the Index of Economic Freedom. Kenya holds the 20th position in Africa and ranks 120th globally, categorised as ‘mostly unfree’. The score falls abo...
28 Mar 2024
Kenya leads mobile money innovation: Trends and key insights from State of the Industry Report 2024
The State of the Industry Report on Mobile Money 2024 has revealed interesting insights into the mobile money landscape across sub-Saharan Africa. Among the countries analysed, Kenya emerges as a foca...
21 Mar 2024
Enhancing tax compliance to boost revenue: Expanding the tax bracket and prudent spending must go hand in hand.
Meeting Kenya’s ever-growing development needs, largely financed through taxation, is an arduous task. The broader fiscal context Kenya finds itself in currently makes even the challenge dauntin...
21 Mar 2024
Global disputes in taxi-hailing services reveal regulatory challenges: Insights from Australia.
Earlier this week, more than 8,000 taxi and hire car drivers in Australia emerged victorious in a class-action lawsuit against Uber. They sought compensation for the financial setbacks they endured fo...
14 Mar 2024
Who is Who: Meet Raimond Molenje, the new Acting CEO of Kenya Bankers Association
Mr Molenje joined the Kenya Bankers Association in 2018 and has 19 years of experience in legal and regulatory practice, human capital, and policy advocacy, having held senior management roles in lead...
14 Mar 2024
Kenya joins the Egmont Group: Implications on businesses and the war against money laundering and terrorism financing
Kenya has recently been under increased spotlight, particularly on the money laundering and terrorism financing (ML/TF) front. The Financial Action Task Force (FATF) recently put Kenya on the heighten...
9 Mar 2024
Simplifying tax compliance: How small businesses can join the eTIMS bandwagon.
In a groundbreaking move aimed at revolutionising tax collection, the Kenya Revenue Authority (KRA) has introduced the electronic Tax Invoice Management System (eTIMS), mandating all businesses to ele...
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
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...
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