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More on Finance
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 ...
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 ...
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