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More on Tag: Finance
29 May 2023
Trade and Financial Services Round-Up
KENYA Economists cut Kenya’s growth outlook Global economists have marginally downgraded Kenya’s growth outlook for 2023, citing below-average rainfall, and a weakening shilling amid lingering thr...
22 May 2023
TRADE AND FINANCIAL SERVICES ROUND-UP
Kenya Railway levy cuts save taxpayers Sh3.6 billion Taxpayers will save about Sh3.6 billion every year following the proposal to reduce Railway Development levies contained in the new Finance Bill. T...
22 May 2023
Unveiling CBK governor nominee Kamau Thugge: Insights into his Background, Fiscal Policies, and Implications for Kenya
As Central Bank of Kenya governor Patrick Njoroge’s term comes to an end next month, the process to find his replacement has begun. On Monday, 15th May 2023, President William Ruto announced that he...
22 May 2023
Analyzing the Pros and Cons of Exchange Rate Fluctuation
In a recent visit to Kenya, IMF managing director Kristalina Georgieva held discussions with President Ruto and members of the Cabinet on possible policy recommendations concerning Kenya’s recovery ...
22 May 2023
Financing higher education: Why the new funding model might be the answer to solving financial crises in public universities
The demand for higher education in Kenya has increased despite inadequate funding from various stakeholders. This has led to the cost-sharing policy where the government and parents or stakeholders/do...
8 May 2023
TRADE & FINANCIAL SERVICES ROUND UP
Kenya The burden of beauty: Wigs, false beards and eyebrows hit with 5pc tax Millions of consumers of beauty products such as wigs and false beards and eyebrows in the country could pay more for the i...
8 May 2023
Highlights of the Finance Bill 2023: Tax changes and proposals by Kenya Kwanza government
The Finance Bill 2023 is the first fiscal legislative proposal under the Kenya Kwanza administration, aimed at implementing the Bottom Up Transformation Agenda. The Kenyan economy is expected to maint...
18 Apr 2023
Debt-ridden Kenyan economy and the role of the Treasury and Economic Advisory Council
The state of Kenya’s economy is currently the subject of huge debate and focus, with the country facing a debt crisis. In March, salaries of civil servants were delayed as the government prioritis...
7 Apr 2023
Expected changes in the fiscal policy to attract investment in Kenya
The current administration is committed to bringing legislative amendments to the fiscal policy through the Finance Bill, 2023, and the Budget Policy Statement. President William Ruto noted that the c...
24 Mar 2023
A Primer: The Kenya Foreign Exchange Code
Over time, the country’s financial landscape has witnessed tremendous growth and transformation. Amidst the laudable growth and transformation, numerous risks and weaknesses have been exposed. As a ...
17 Mar 2023
Internet of Things in Kenya: Using GSM to provide business solutions
Telcos in Kenya have adopted Internet of Things (IoT) technology through a variety of projects. Airtel has launched the ‘Always On’ solution to allow devices anywhere to stay connected after launc...
17 Mar 2023
HR laud new NSSF rates for bid to entrench saving culture among Kenyans
While Kenyans decried the implementation of the new National Social Security Fund (NSSF) rates, Ms. Audrey Kagwiria, a Human Resource Officer, has lauded the move saying it is the best move as it will...
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