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Trade and Financial Services Round Up
Latest Article 25 Jul 2024
Trade and Financial Service Round-Up
Kenya 9 in 10 Kenyans Oppose Tax Hike on Petroleum Products – Survey A survey in which 2,400 Kenyans were interviewed found that only three out of 10 support raising tax revenues to reduce government borrowing. The findings have been disclosed by Afrobarometer, a Pan-African, non-partisan survey research network that provides data on African […]...
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18 Jul 2024
Trade and Financial Service Round-Up
Kenya Absa, Old Mutual launch new insurance for SMEs Absa Bank Kenya and Old Mutual Kenya have launched a joint insurance product targeted at Small and Medium Enterprises (SMEs). The prod...
12 Jul 2024
TRADE AND FINANCIAL SERVICES ROUND-UP
Kenya Nairobi slaps Uganda with fresh hurdle on fuel imports Kenya has thrown a fresh hurdle on Uganda’s direct fuel import scheme, doubling the bond fee for imported consignments destined fo...
23 Jun 2024
TRADE AND FINANCIAL SERVICE ROUND-UP
Kenya Interbank Borrowing Rates dip to 6-month low Interbank lending rates have fallen to a six-month low of 12.922 per cent on reforms initiated by the Central Bank of Kenya (CBK), which are expected...
19 May 2024
TRADE AND FINANCIAL SERVICES ROUND-UP.
Kenya Digital lenders reduce shaming after controls Harassment by digital lenders has been reduced by almost 75% courtesy of joint efforts by the Central Bank of Kenya (CBK) and the Digital Fin...
9 May 2024
Trade and Financial Services Round-Up.
Kenya SEZ companies get Sh1.9bn tax incentives in nine years Firms operating in Kenya’s special economic zones (SEZ) were exempted from paying Sh1.98 billion in taxes and other levies in th...
28 Apr 2024
TRADE AND FINANCIAL SERVICES ROUND-UP.
Kenya Wage bill lie: The policies and doublespeak stoking crisis A presidential task force in 2014 recommended at least 75 State corporations be abolished. Instead, 87 new parastatals have be...
12 Apr 2024
TRADE AND FINANCIAL SERVICES ROUND UP.
Kenya Domestic borrowing up by Sh424bn The rate of State borrowing from the local market accelerated during the first nine months ended March, with fresh debt hitting Ksh424.7 billion compared to Ksh2...
5 Apr 2024
Trade and Financial Services Round-Up.
Kenya Sh75bn tax bill stalls M-Pesa split from Safaricom Safaricom is facing a Sh75 billion tax liability in the Central Bank of Kenya (CBK) push for the separation of M-Pesa from the telecoms busines...
28 Mar 2024
TRADE AND FINANCIAL SERVICES ROUND-UP.
KENYA Kenya ends oil import feud with Uganda Kenya will finally license the Uganda National Oil Company (Unoc), ending months of a major feud that spilled over to the regional court and hurt diplomati...
22 Mar 2024
TRADE AND FINANCIAL SERVICES ROUND-UP.
Kenya Kenya’s coffee exports nearly doubled in January on demand Kenyan coffee exports nearly doubled to 2,685 tonnes in January on demand for the larger quantities of quality crops from the main Oc...
15 Mar 2024
Trade and Financial Services Round-Up.
Kenya New levy lined up for State contractors The Treasury has introduced a new levy on contractors making supplies to both national and county governments, a shift likely to raise the cost of public ...
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