Draft Budget Policy Statement News Today

Multinationals and persons who export services from Kenya including cross-border consultancies have been dealt a blow.

Kenya has introduced a new policy aimed at using mobile money to curb tax evasion in that country.   This week, the Kenyan government released its Draft Budget Policy Statement which highlights its economic plans. Part of the statement revealed that revenue collection by the Kenya Revenue Authority (KRA) will be…

Tanzania's transport regulatory authority has reversed the 15% cap on commission fees collected by ride-hailing apps. Now, Tanzanian ride-hailing drivers will pay up to 25% in commission fees to operators like Bolt and Uber. More in #TCDaily.

THE STANDARD By Dominic Omondi | February 3rd 2021 at 00:00:00 GMT +0300 Some of the top-performing counties include Ali Roba’s Mandera (83.8 per cent). [Edward Kiplimo,Standard] Even before Mike Sonko met his Waterloo at the Senate in December last year, his legacy as governor of Nairobi was in a free-fall. Official data shows that the flamboyant politician, who was impeached on allegations of abuse of office, had one of the worst development records in his last financial year at the helm ...

THE STANDARD BUSINESS NEWS The National Treasury building, Nairobi. July 9, 2020. [Elvis Ogina, Standard] The six-month anaesthesia on Kenya’s debt repayment burden will wear off in July, with the pain of meeting its debt obligations rising sharply. In the upcoming 2021-22 financial year, the country’s debt service is projected to increase to Sh436 billion, up from an earlier estimate of Sh406 billion. This lends credence to experts’ opinion that the cash-strapped National Treasury has on...

THE STANDARD President Uhuru Kenyatta at State House, Nairobi, during the 2020 virtual African Delivery Exchange Conference. The 2021-22 Budget will the last full spending plan his administration will oversee. [File] The government will spend Sh3 trillion in the year to June 30, 2022, pushing President Uhuru Kenyatta’s eight-year total spending to Sh18.5 trillion. But as fate would have it, the president’s fiscal policy - which largely depends on massive spending and public revenue - might ...

THE STANDARD President Uhuru Kenyatta at State House, Nairobi, during the 2020 virtual African Delivery Exchange Conference. The 2021-22 Budget will the last full spending plan his administration will oversee. [File] The government will spend Sh3 trillion in the year to June 30, 2022, pushing President Uhuru Kenyatta’s eight-year total spending to Sh18.5 trillion. But as fate would have it, the president’s fiscal policy - which largely depends on massive spending and public revenue - might ...