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Fiscal Analysis
Latest Article 11 Jul 2024
Moody Ratings and Kenya’s Path on a Fiscal Tightrope
Moody’s Ratings recently downgraded Kenya’s local and foreign currency long-term issuer ratings and foreign currency unsecured ratings to Caa1 from B3. This rating largely paints a negative outlook for the country’s fiscal status. The downgrade is significantly reflective of a diminished capacity to implement revenue-based fiscal consolidation that would improve debt affordability and place […]...
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24 May 2024
Kenya’s Draft Public Participation Policy: Towards enhanced citizen engagement in governanc.
Public participation is a fundamental principle of Kenya’s democracy, enshrined in the Constitution to ensure that citizens are actively engaged in governance and decision-making processes. Recognis...
19 May 2024
Finance Bill 2024: The new taxation model is a double-edged sword for Kenya’s alcohol industry.
The Finance Bill of 2024 seeks to bring significant changes to the landscape of alcoholic beverages. A notable shift proposed in this legislation is the adjustment of taxation from a flat rate per lit...
19 May 2024
Finance Bill 2024: Potential VAT and excise duty hikes threaten Kenya’s financial sector stability.
The Finance Bill 2024 portends a tightrope for the financial services sector. While the government is keen to bolster its coffers by implementing a raft of tax changes in the financial sector, ...
4 May 2024
Java House tax dispute: Key lessons on taxation and compliance for businesses in Kenya.
The Kenya Revenue Authority (KRA) has ignited a heated dispute with private equity fund, Emerging Capital Partners Kenya (ECP Kenya), over a hefty tax claim of Sh773.8 million related to the 2017 sale...
26 Apr 2024
SLAPP: Strategic “defamation suits” threatening the freedom of expression space.
They are being used to silence those who expose corruption and abuse of office The rise of Strategic Lawsuits Against Public Participation (SLAPP suit) in Kenya is becoming a worrying trend despite ...
5 Apr 2024
Kenya’s Economic Freedom Ranking: A Look at the 30th Anniversary Index Results
This year marks the 30th anniversary of the Index of Economic Freedom. Kenya holds the 20th position in Africa and ranks 120th globally, categorised as ‘mostly unfree’. The score falls abo...
26 Jan 2024
Ethiopia-Somaliland agreement sparks tensions over sovereignty, trade, and territorial disputes in the Horn of Africa
Ethiopia’s agreement with breakaway region Somaliland, seeking port access in exchange for potential sovereignty recognition, could cause upheaval in the Horn of Africa. Somalia views it as an a...
26 Jan 2024
IGAD navigates turbulent geopolitics: Oil dispute, diplomatic tensions, and Sudan’s exit introduce uncertainties for the region
At first glance, the 42nd Extraordinary Assembly of the IGAD (Intergovernmental Authority for Development) Heads of State and Government held on 18th January 2023, appeared to be a productive meeting....
26 Jan 2024
Kenya’s Treasury Single Account: The move to consolidate govt finances and the impact on commercial banks
The recent approval by the Cabinet on 15th January 2024 to implement the Treasury Single Account (TSA) sets the stage for the consolidation of government finances in Kenya. Government funds have tradi...
3 Oct 2023
Assessing the Feasibility of Kenya’s Proposed Unemployment Insurance Fund
Kenya is currently grappling with a challenging economic landscape characterised by a high cost of living, and the recent introduction of a housing levy has added to the financial burdens of employers...
18 Sep 2023
From Nairobi to Singapore: The quest for good governance and growth
The curtains for the Africa Climate Summit 2023 closed in Nairobi on a very high note last week. The Government of Kenya deserves commendation for conceiving and hosting the Summit and placing the glo...
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