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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...
26 Aug 2022
Top banks’ performance in Kenya Banking Sentiment Index, 2022, and areas to improve
Deloitte delivered the Kenya Banking Sentiment Index report indicating that M-Pesa had more positive appreciation from clients than conventional banks as confirmed in the Net Sentiment Index. It...
12 Aug 2022
Highlights of the 2022 Kenya Financial Sector Stability Report
The Central Bank of Kenya (CBK) recently released the 2021 Financial Stability Report which discusses developments and risks in Kenya’s economy and financial sector in the post-Covid–19 pandemic r...
29 Jul 2022
Money laundering and terrorism financing: Kenya at medium risk as CBK publishes inaugural report
On Wednesday, July 27, 2022, the Central Bank of Kenya launched the Money Laundering and Terrorism Financing National Risk Assessment Report (NRA). The report identifies and assesses Kenya’s Money L...
8 Jul 2022
Creating Tax Certainty: A look at the Kenya Draft National Tax Policy
The only feasible way to get money to pay for government expenditure on the products and services that most of us need is through taxes. However, establishing an effective and fair tax system is far f...
1 Jul 2022
Nairobi International Financial Centre and Kenya’s Critical Development Path
The set-up of the Nairobi International Financial Centre is a major milestone in Kenya’s ongoing efforts to become an Upper Middle-Income Country (UMIC). While its significance will largely become c...
20 May 2022
Here is what Digital Credit Providers need to know as licensing deadline approaches
The Central Bank of Kenya on Tuesday, May 17, 2022, issued a press release in relation to licensing of Digital Credit Providers (DCPs). The deadline for licensing of DCPs is September 17, 2022. ...
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