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More on Finance
18 Sep 2023
An analysis of the proposed tax measures outlined in the draft Medium-Term Revenue Strategy
In the wake of economic challenges and declining domestic revenues, the National Treasury has unveiled an ambitious Medium-Term Revenue Strategy (MTRS) that promises to reshape the country’s tax...
14 Aug 2023
Significant Political Sentiment: President Ruto’s take on the new tax measures and the need to curtail borrowing
The government’s spending on various initiatives ranging from affordable housing, healthcare, and support for farmers and small businesses, will be footed by taxpayers following approval of the budg...
7 Aug 2023
KENYA WEEKLY MARKET WRAP
EQUITY MARKET COMMENTARY • The benchmark indices sustained their downward trajectory, with the NASI, NSE 20 and NSE 25 declining 4.8%w/w, 2.2%w/w and 4.4%w/w respectively on the price drop of most l...
7 Aug 2023
Worldcoin craze in Kenya: Beyond the free money to financial security and data privacy concerns
Worldcoin is an iris biometric cryptocurrency project. Worldcoin was founded with the mission of creating a globally-inclusive identity and financial network, owned by the majority of humanity. Worldc...
7 Aug 2023
Combating money laundering: Setting the Criminal Assets Recovery Fund in motion will tighten the noose around the vice
The effect money laundering has on a country’s economy is both severe and extensive. Not only does it impact businesses and the economic health of a county but also has far-reaching implications for...
31 Jul 2023
Unraveling the implications: Analysing the proposed increase of reporting thresholds in anti-money laundering and proceeds of crime regimes
The Cabinet issued a dispatch on 18th July after considering various legislative proposals, policies, and programs towards the implementation of the bottom–up Economic Transformation Agenda (BETA). ...
17 Jul 2023
A reprieve to Kenyans but dire consequences to the exchequer after suspension of the Finance Act 2023
After President William Ruto assented to the Finance Bill, 2023, on June 6, the bill became law. This meant that some of the provisions of the law were to take immediate effect from July 1, 2023, whil...
10 Jul 2023
Edible oils manufacturers seek government support for sustainable growth
The edible oil manufacturing sub-sector of the Kenya Association of Manufacturers, last week (3 July) released a statement urging government support for its continued growth. Through a new initiative ...
3 Jul 2023
President Ruto’s address at the Global Financial Pact Summit in Paris: A comprehensive review
President William Ruto attended the New Global Financial Pact Summit held in Paris, France. The summit sought to address a a range of objectives, including but not limited to the following: Restoring ...
29 May 2023
Revitalising Kenya’s Tax System: Introducing the National Tax Policy and Its Transformative Impact
Since gaining independence in 1963, Kenya has made significant progress in developing its tax system. The government introduced various laws to broaden the revenue base, including legislation o...
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
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 ...
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