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More on Finance
24 Feb 2023
An overview of the 2022 Tax Expenditure Report
The 2022 Tax Expenditure Report was released by the National Treasury with the goal of promoting data accessibility and transparency while providing information for tracking and analysing tax expendit...
24 Feb 2023
Inside Kenya’s Public Debt Dynamics and the Medium Term Debt Management Strategy (MTDS), 2023
The “Why” of Debt Pre-cursorily, debt is indeed a double-edged sword. Wise and moderate use of the same, history has shown, results in improved welfare. Improper, imprudent and over-indulge...
3 Feb 2023
3rd February Trade and Financial Services Round Up
Kenya EPRA reveals second plan to increase cost of power The Water Resources and Management Authority (WARMA) is the latest State entity to seek a bigger pie of the electricity bills in what looks set...
3 Feb 2023
Cause of delay to broaden revenue base via minimum tax
Section 12D of the Income Tax Act was introduced via the Finance Act of 2020 which sought to impose a minimum tax of 1% on gross turnover. The tax rate was introduced to ensure that everyone, regardle...
3 Feb 2023
Explainer: What you need to know about Kenya’s Privatisation
Bill, 2023 At the core of national conversation lately is a proposed legislation seeking to govern the process of privatising state-owned companies and entities. The Privatisation Bill, 2023, which is...
3 Feb 2023
A return of the politics of tax
Taxation in Kenya has taken a political twist in a week that saw President William Ruto train his guns on former President Uhuru Kenyatta and businesses associated with his family. Speaking a day afte...
3 Feb 2023
Hustler Fund: The question of defaulters amidst plans to roll out second phase
The Hustler Fund, which was launched late last year and has been in operation for over two months now, has so far disbursed Kshs. 15.9 billion in loans with about half of that money (Kshs. 7.7 billion...
27 Jan 2023
Understanding the Cytonn Schemes under liquidation
After a recent court ruling on Cytonn’s two funds, the CEO, Mr. Edwin Dande, has had occasion to shed light on what happened with the two portfolios that are to be liquidated and the challenges atte...
27 Jan 2023
Snooping on tax evaders: Balancing between protection of personal data and KRA’s bid to monitor transactions
As the world marks Data Privacy Day on 28th January 2023, Kenya has been busy this week with a series of activities organized by the Office of the Data Protection Commissioner (ODPC) to commemorate th...
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...
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