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More on Finance

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...

3 Feb 2023

Cause of delay to broaden revenue base via minimum tax

Section 12D of the Income Tax Act was introduced via the Finance Act of 2020 which sought to impose a minimum tax of 1% on gross turnover. The tax rate was introduced to ensure that everyone, regardle...

3 Feb 2023

Explainer: What you need to know about Kenya’s Privatisation

Bill, 2023 At the core of national conversation lately is a proposed legislation seeking to govern the process of privatising state-owned companies and entities. The Privatisation Bill, 2023, which is...

3 Feb 2023

A return of the politics of tax

Taxation in Kenya has taken a political twist in a week that saw President William Ruto train his guns on former President Uhuru Kenyatta and businesses associated with his family. Speaking a day afte...

3 Feb 2023

Hustler Fund: The question of defaulters amidst plans to roll out second phase

The Hustler Fund, which was launched late last year and has been in operation for over two months now, has so far disbursed Kshs. 15.9 billion in loans with about half of that money (Kshs. 7.7 billion...

27 Jan 2023

Understanding the Cytonn Schemes under liquidation

After a recent court ruling on Cytonn’s two funds, the CEO, Mr. Edwin Dande, has had occasion to shed light on what happened with the two portfolios that are to be liquidated and the challenges atte...

27 Jan 2023

Snooping on tax evaders: Balancing between protection of personal data and KRA’s bid to monitor transactions

As the world marks Data Privacy Day on 28th January 2023, Kenya has been busy this week with a series of activities organized by the Office of the Data Protection Commissioner (ODPC) to commemorate th...
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