On Tuesday this week, SAMA AI was host to Kenya’s President William Samoei Ruto and Ethiopia’s Prime Minister Abiy Ahmed, alongside Kenya’s Cabinet Secretary for Information, Communication...
Background Kenya is, once again, on the international financial market radar, not for Eurobond reasons but this time round for money laundering and terrorism financing (ML/FT). The Financial Actio...
President William Ruto chaired a three-day retreat for his Cabinet and senior government officials in Naivasha, Nakuru County, to review the past year’s performance amid immense pressure ...
The Medium-Term Debt Management Strategy (MTDS) is an annual policy document written by the National Treasury to guide government borrowing and debt management. The 2024 document prepared in January 2...
Kenya’s financial cycle relies on the budget process, which begins with the budget-making process. The budget process is guided by the budget calendar issued by the National Treasury and Economic Pl...
Kenyan commercial banks have started implementing the Common Reporting Standards (CRS), a tax procedures regulation of 2023. This regulation requires all Kenyan banks, trusts, and other financial inst...
The Central Bank of Kenya released the Agriculture Sector Survey for January 2024, highlighting the sector’s significant contribution to the country’s economy. Accounting for an estimate...
The Parliamentary Budget Office (PBO) in January 2024 published a financial and economic analysis of the Affordable Housing Bill, 2023 (the Bill). The PBO in its analysis raised several issues and con...
In the dynamic landscape of taxation, businesses often find themselves grappling with complex tax compliance requirements. In response to this challenge, tax authorities around the world have introduc...
The Central Bank of Kenya (CBK) conducts a Market Perceptions Survey before each Monetary Policy Committee (MPC) meeting to gather insights from banks and non-bank private sector firms regarding vario...
On February 7, the Kenyan government made an offer to partially repurchase its existing Eurobond, which is maturing on June 24, 2024, at par, including payment of accrued interest. Additionally, the g...
The Republic of Ukraine, despite the ongoing conflict, is actively seeking diplomatic partnerships and building relationships with Kenya. A delegation from Ukraine was in the country recently to meet ...