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More on Finance

20 Jan 2023

Michael Kamau Kamiru is a new board member at KRA

Mr Kamiru is currently the Head of Governance, Risk and Compliance, at Jubilee Allianz General Insurance Limited. He is a Finance Management and Risk Management professional with over 27 years of demo...

20 Jan 2023

20th January 2023 Trade and Financial Services Round Up

  Kenya   Users allowed to sue Safaricom over clients’ bank details access  The High Court has allowed millions of Safaricom subscribers to join a class action suit against the telecoms operator ...

13 Jan 2023

13th January Trade and Financial Services Round Up

Kenya State bursts recurrent budget forecast by Sh81.7bn President William Ruto’s administration projects expenditure for the day-to-day running of the government is Sh81.7 billion more than what th...

9 Dec 2022

Taxing the digital economy: Indepth look at DST, loopholes and how to get it right

The global economy has gone digital. This has increased the issue of tax avoidance and tax equity and sparked an increase in digital taxes worldwide, therefore increasing the number of challenges to t...

25 Nov 2022

Broadening the tax base: A look at Financial Derivatives Regulations 2022

In the financial year 2022/23, Kenya government revenues are projected to increase to Ksh 2.4 trillion (17% of GDP), an increase from the Ksh 2.06 trillion (16.3 percent of GDP) collected in the year ...

18 Nov 2022

Banks to use Treasury bonds as loan collateral

As part of measures aimed at increasing industry liquidity and relieving the Central Bank of Kenya (CBK) from frequently having to bail out cash-strapped institutions, banks will soon be able to borro...

11 Nov 2022

Tax transparency: Country-by-Country reporting requirement in Kenya kicks in

What is country-by-country reporting? Multinational Enterprise Groups (MNEs) that are tax resident in Kenya with gross revenues of KSh 95 billion or more are required to submit an annual return of inc...

4 Nov 2022

 Ruto regime revamps housing project under Sanduku initiative to give Kenyans affordable houses

One of the fundamental social and economic rights is housing, which is established in our Constitution. During his inauguration as the fifth President of Kenya, Dr William Ruto, in his speech, outline...

4 Nov 2022

KRA walks a tightrope after government proposes a raft of measures to increase revenue

In the financial year ended June 2022, the Kenya Revenue Authority (KRA) recorded a historic high of KSh2.031 trillion against a revenue target of KSh1.882 trillion, representing a 21.7 per cent growt...

14 Oct 2022

Customer inclusion is inevitable in tax administratio

By Grace Wandera Once again, the Kenya Revenue Authority (KRA) is planning to mark the month-long taxpayers’ celebrations in the traditional month of October. A look at this year’s theme “Leavin...

23 Sep 2022

Inflation Adjustment explainer

What is Adjustment for Inflation? The Excise Duty Act and Miscellaneous Fees and Levies Act provides for the Commissioner-General of the Kenya Revenue Authority, by Gazette Notice, to adjust the speci...

2 Sep 2022

Fintech in Africa (Part 1): African tech boom is more than a buzz; future is bright

The financial industry has benefited greatly from the buzz surrounding the African tech boom, with reports of African fintech businesses raising money becoming commonplace in tech media. It accurately...
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Vellum Kenya is a weekly news publication owned by Oxygene Marketing and Communication Ltd and ran by the Public Policy Department. The publication captures political, socio economic and policy issues that impact on the Public Policy landscape in Kenya and the African region at large.

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