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More on Fiscal Analysis

9 May 2025

How Finance Bill 2025 Impacts the Manufacturing Sector

The manufacturing sector is critical in driving a country’s structural transformation. The industry is widely recognised as labour-intensive and supports inclusive economic growth – countries ...

9 May 2025

Zero-Rated vs Exempt: What the Finance Bill 2025 Changes Mean

The Finance Bill, 2025, has sparked widespread interest among citizens, and one area drawing scrutiny is the proposed reclassification of several goods and services from VAT zero-rated to tax-exempt s...

2 May 2025

Kenya in strategic push to exit the FATF Grey List

In February 2024, Kenya was placed on the Financial Action Task Force (FATF) grey list, signalling deficiencies in its anti-money laundering (AML), counter-terrorism financing (CFT), and counter-proli...

17 Apr 2025

Licensing of New Banks: Progress or Privilege?

After nearly a decade, the Central Bank of Kenya (CBK) will lift its moratorium on licensing new commercial banks, effective July 1, 2025. The moratorium, in place since November 17, 2015, was introdu...

13 Dec 2024

Challenges and implications of the President’s rejection of Finance Bill 2024

In a surprising move, President William Ruto has rejected the Finance Bill, 2024, in its entirety, sending it back to the National Assembly with a recommendation to remove all clauses. This decision h...

27 Sep 2024

To love your colleague or not: Landmark judgement redefines workplace romance

“Romantic relationships in the workplace must be left to run their natural course. It is a harebrained law or policy that would seek to outlaw the affairs of the heart. Employers must leave the ...

20 Sep 2024

Social media as a catalyst for misinformation

In the last few years, there has been a rise in the use of social media, with many Kenyans preferring platforms such as TikTok, Twitter, and Facebook, among others, as sources of information.  For th...

8 Sep 2024

The Division of Revenue (Amendment) Bill, 2024: Governors push for amendments as they accuse the National Assembly of undermining devolution

When the Division of Revenue (Amendment) Bill, 2024 was introduced in the National Assembly in July, the country had just recovered from weekly protests spearheaded by Gen Z. Initially, the protest’...

9 Aug 2024

An Uphill Task for Hon. John Mbadi, the New Cabinet Secretary for Finance and Economic Planning

Of the new Cabinet sworn in August 8, perhaps none has a more difficult and uphill task than John Mbadi, the man newly in charge at the Ministry of Finance and Economic Planning.  The chairman of the...

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...

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...
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