KENYA Controller of Budget Releases Implementation Report for June 2020 – June 2021 (Source: Office of the Controller of Budget) As required by the Constitution of Kenya and the Controller of Bu...

KENYA The National Treasury Releases the 2021 Tax Expenditure Report The National Treasury has released the 2021 Tax Expenditure Report in accordance with Section 77(a) of the Public Finance Managemen...

KENYA The 2021 Budget Review and Outlook Paper The 2021 Budget Review and Outlook Paper (BROP) has been prepared against a background of expected global recovery after a  slump  in  202...

ETHIOPIA Ethiopia Attracts $3.9 billion FDI in 2020/21 Fiscal Year Foreign Direct Investment (FDI) inflow into Ethiopia reached 3.9 billion US dollars in the recently concluded 2020/21 fiscal year, sa...

KENYA State to take all public tenders to online platform Kenya has started the search for an online platform that will process all public tenders and linked to the Kenya Revenue Authority (KRA) in a ...

KENYA Ethiopia clears hurdle for M-Pesa expansion Ethiopian authorities told Business Daily on Thursday that the Safaricom licence will be upgraded to include mobile financial service. A consortium le...

KENYA  THE FISCAL BUDGET FOR THE FINANCIAL YEAR 2022/2023 In pursuit of openness and accountability in financial matters as spelt out in Article 201 of the Constitution, the National Treasury has inv...

KENYA StanChart slashes interest rate on fresh mortgages Standard Chartered Bank of Kenya  has cut the interest rate on new mortgages and waived legal and valuation fees for customers moving exis...

KENYA Treasury exceeds July bond uptake target by Sh20bn The Treasury took up an extra Sh19.9 billion above the target of Sh60 billion in the first bond sale of the new fiscal year, taking advantage o...

KENYA CMA blames courts for Cytonn funds debacle The Capital Markets Authority (CMA) has blamed the courts for issuing orders baring the regulator from pursuing Cytonn Group for defaulted investments ...

KENYA Safaricom’s Kenya staff to help set up Ethiopia unit Safaricom will second its staff to run Ethiopia operations for products and network development that will help it gain market share that is...

KENYA CMA cautions investors against investing in unregulated products offered or promoted by unlicensed firms or unapproved entities The Capital Markets Authority (CMA) has cautioned investors agains...