KENYA  Taxpayers to deposit 50pc of disputed tax at CBK before suing KRA Firms and individuals fighting the Kenya Revenue Authority (KRA) in courts over tax demands will have to deposit 50 percen...

KENYA Monetary Policy Committee report indicates strong economic performance amid gnawing global pressure  The Monetary Policy Committee (MPC) met on March 29, 2022, against a backdrop of a chang...

KENYA Fertiliser crisis looms on Sh5.7bn subsidy row MPs want President Uhuru Kenyatta to order the reinstatement of a Sh5.7 billion fertiliser subsidy that the Treasury has removed from the supplemen...

KENYA Banks abandon CBK’s SME mobile loans deal  Four lenders selected by the Central Bank of Kenya to give low-cost mobile loans to small businesses under a programme dubbed ‘Stawi’ have a...

KENYA KRA signals peace with Keroche in Sh22bn row The Kenya Revenue Authority (KRA) has signalled concessions for Keroche Breweries after day-long negotiations with the owners of the embattled firm o...

KENYA Sanctions block Sh10bn Kenya exports to Russia Kenya’s exports of tea, flowers, coffee and fruits to Russia have been derailed in the wake of sanctions imposed on Moscow by Western nations aft...

KENYA  State pushes to raise debt ceiling to Sh13 trillion in chaotic session Parliament has asked the Treasury to increase the debt ceiling to allow it to borrow Sh846 billion to plug the budget...

KENYA  Joint Statement of the Heads of Competition Authorities Dialogue on Regulation of Digital Markets The Heads of Competition Authorities of the Egyptian Competition Authority (ECA); the Comp...

KENYA CBK tests market with digital Kenya shilling The proposed Central Bank of Kenya (CBK) digital currency will for the first time allow Kenyans to directly keep cash at the apex bank, placing it in...

KENYA  Firms slow down on hiring for first time in nine months Kenyan firms in January slashed expenditure on workers for the first time in nine months, citing a sharp fall in sales compared with Dec...

KENYA Treasury to pay part of defaulted mobile phone loans The Treasury will guarantee mobile phone loans given to small traders in a bid to increase supply of credit under a scheme where the State wi...

KENYA Banks risk Sh27bn as mortgage, matatu loan defaults jump 60pc Car and homeowners defaulted on loans totalling Sh27.8 billion in the 12 months to September last year, giving a peek into the night...