The final budget estimates are expected to be submitted next week on Monday, 29th April 2024 to the National Assembly. Consolidation of these estimates has been ongoing since 12th April and new changes to taxes such as excise tax, VAT etc are expected this time round as the Cabinet Secretary of the National Treasury, leveraging on his expertise as an economic professor, has collaborated with the Kenya Institute for Public Policy Research and Analysis (KIPPRA) and other academic institutions to conduct a series of studies in the formulation of these taxes. The new bill also comes in the wake of the Medium Term Revenue Strategy which aims to harmonise taxes across the East Africa Community and the National Tax Policy which is yet to be assented to by the Cabinet.

Stella Situma joins Cliffe Dekker Hofmeyer (CDH) Kenya as a Partner specializing in finance and banking, boasting over ten years of experience. Throughout her career, Stella has demonstrated expertise in advising numerous Kenyan banks on various transactional matters, including drafting loan agreements, creating security arrangements, and handling conveyancing issues. Notably, she has successfully managed repeat lending documentation for clients located outside Kenya, thanks to her adeptness in integrating Kenyan law and practice to provide comprehensive legal counsel through meticulously researched opinions.

Lena Onyango assumes the role of Partner within the Tax practice at CDH. Acknowledged by Chambers Global in the last 3 years as an ‘up-and-coming Tax expert,’ Lena brings a wealth of experience in both domestic and international tax advisory and dispute resolution. Her outstanding contributions to the field were highlighted during International Women’s Day in 2021 and 2022, where she was honoured as a ‘Leading Woman in Tax in Kenya’ by KRA.