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More on Finance
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 ...
15 May 2023
Exploring the Evolution of Excise Duty in Kenya: From Sin Tax to Revenue Generation
Excise tax is a levy applied selectively on particular goods and services. The main aim of this levy is to raise substantial revenue for the government at relatively low administrative or compliance...
15 May 2023
Tax Appeals: Examining the Impact of ‘Pay to Play’ on Access to Justice and Cash Flow Constraints for MSMEs
‘Pay to play or pay to be played?’ Sections of the Finance Bill 2023 have caused a buzz amongst them the amendment of Section 32 of the Tax Appeals Tribunals Act to cause taxpayers who seek an app...
15 May 2023
A solution or a grasp at straws? Assessing the Feasibility of the Proposed National Housing Development Fund
As per the last census, conducted in 2019, the total population of Kenya was 47,564 million people. 31% of this total population resides and lives in cities and urban areas, with most of the country...
15 May 2023
Unveiling the Economic Ramifications: The Impact of 16% VAT on Fuel and Fuel Products
The recent proposal to increase the Value Added Tax (VAT) imposed on petroleum from a rate of 8% to 16%, is bound to impact fuel prices and is poised to reverberate across various sectors of the econo...
15 May 2023
Finance Bill 2023: Is it the Breaking Point for Overburdened Kenyan Taxpayers?
The Finance Bill, 2023 which has got many tongues wagging across the country was tabled before the National Assembly on Thursday, May 4, 2023, by the National Treasury. The Bill proposes an array of t...
8 May 2023
Rearranging the payment systems landscape: Exploring how banks and telecoms can deeply disrupt payment systems
The Central Bank of Kenya (CBK), on Wednesday, May 4, 2023, launched the Kenya QR Code Standard, in an event that was graced by leading players in the telecom and banking sectors. The implication is t...
7 Apr 2023
Cyber security in Kenya: Lessons to learn from attack on state agency and insurance firm
“First, they came for the public sector, then for the private sector, then they came for government officials” So would run a poem about the recent happenings in the cybersecurity sector in Kenya....
17 Mar 2023
Importation of cheap food by state firm is not without ripple effects
The Kenyan government announced that it will import large quantities of rice, cooking oil, sugar, wheat and beans duty-free through the Kenya National Trade Corporation (KNTC) as part of efforts to ...
24 Feb 2023
An overview of the 2022 Tax Expenditure Report
The 2022 Tax Expenditure Report was released by the National Treasury with the goal of promoting data accessibility and transparency while providing information for tracking and analysing tax expendit...
24 Feb 2023
Inside Kenya’s Public Debt Dynamics and the Medium Term Debt Management Strategy (MTDS), 2023
The “Why” of Debt Pre-cursorily, debt is indeed a double-edged sword. Wise and moderate use of the same, history has shown, results in improved welfare. Improper, imprudent and over-indulge...
3 Feb 2023
3rd February Trade and Financial Services Round Up
Kenya EPRA reveals second plan to increase cost of power The Water Resources and Management Authority (WARMA) is the latest State entity to seek a bigger pie of the electricity bills in what looks set...
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