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More on Finance
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...
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...
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...
17 Nov 2023
Trade and Financial Services Round-Up
Kenya IMF rescues Kenya from $2bn Eurobond scare The International Monetary Fund (IMF) has moved to rescue Kenya from plunging into a financial crisis after the global lender confirmed that it was m...
30 Oct 2023
Tax education should complement automation of revenue systems to enforce compliance
For a country to attain its developmental goals, it has to generate revenue to fund these goals. A significant portion of a country’s revenue is generated through taxation. Despite the crucial r...
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