Finance

Kenya’s E-commerce landscape: Growth, challenges, and government’s strategic vision.

In 2023, to bolster the information and communications sector’s growth, the government, through the Communications Authority of Kenya (CA), reiterated its commitment to advancing electronic commerce (e-commerce) in the country. Aligned with Kenya’s laws, this commitment emphasised the government’s dedication to fostering the growth of online trade, both domestically and internationally. E-commerce, defined as […]...

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, ...

19 May 2024

IMF 6th reviews affirm Kenya’s economic resilience and emphasises critical reforms for sustained growth

In January 2024, the International Monetary Fund (IMF) concluded its 2023 Article IV consultation with Kenya, alongside reviews of the Extended Fund Facility (EFF) and Extended Credit Facility ...

9 May 2024

Africa’s trillion-dollar loss: Combating illicit financial flows through policy and advocacy.

Over the past 50 years, Africa is estimated to have lost more than $1 trillion in illicit financial flows (IFFs). This sum is roughly equivalent to all of the official development assistance received ...

9 May 2024

Institute of Public Finance Shadow Budget: Kenya’s 2024 budget prioritises debt service amidst fiscal constraints.

The KSh 4.1 trillion budget under the Kenya Kwanza administration marks the second fiscal plan in the current regime. The 2024 Budget Policy Statement (BPS) outlines a 4 percent increase from the prev...

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

Game-Changer Alert: IFRS 18 Revolutionises Financial Performance Reporting

The International Accounting Standards Board (IASB) has been on a course to improve the standards of reporting in the corporate world. Having come out to shape sustainability reporting in the recent p...

21 Apr 2024

CBK introduces green finance taxonomy, paving the way for sustainable financial practices

In a groundbreaking development that signals a major step forward in environmental sustainability, the Central Bank of Kenya (CBK) unveiled the draft Kenya Green Finance Taxonomy (KGFT) for pub...

21 Apr 2024

Kenya’s Affordable Housing Regulations: A closer look at the draft provisions

As a bold testament to the government’s unwavering dedication to achieving affordable housing for all Kenyans, the State Department of Housing and Urban Development has swiftly unveiled the Affo...

12 Apr 2024

Kenya’s innovative approach to financing entrepreneurs: A deep dive into credit guarantee schemes.

Credit guarantee schemes (CGSs) are a form of financing for SMEs that emerged in Europe in the 19th and early 20th centuries, spearheaded by civil society and the private sector as a way to proffer cr...