Kenya
Kenya Misses Tax Collection Target by $2 Billion Despite Raising Taxes
Despite the tax hikes introduced in Kenya’s 2023/2024 Finance Bill, the Kenya Revenue Authority (KRA) fell short of its tax collection target by ...
Kenya
Kenya: Moody’s Downgrades Kenya’s Credit Rating After Ruto Withdraws Controversial Tax Bill
Moody’s, the credit rating agency, has downgraded Kenya’s sovereign rating to junk status, citing the country’s reduced ability to meet its debt obligations. ...
Kenya
Ignite Innovation at Africa Fintech Forum 2024: Join Us in Nairobi for the Premier Finance & Technology Convergence!
Nairobi is set to host the groundbreaking Africa Fintech Forum 2024 on September 24th and 25th, where global fintech pioneers will converge to ...
Kenya
Kenya: Sanlam Kenya Adopts Financial Engineering Strategy to Accelerate Growth and Profitability
Sanlam Kenya, a listed non-bank financial solutions provider, has developed a strategic plan to enhance growth and profitability. During the firm’s 78th Annual ...
Kenya
Kenya: Central Bank of Kenya Licenses 7 Additional Digital Credit Providers
Since March 2022, the Central Bank of Kenya (CBK) has received 550 applications for digital credit provider (DCP) licenses, up from 480 applications ...
Kenya
Kenya’s President Sends Controversial Finance Bill 2024 Back to Parliament
Kenya’s Finance Bill 2024, initially introduced in May, successfully passed its second reading in Parliament with a majority vote of 205 to 115, ...
Kenya
Kenya: Suspected Chinese Hackers Target Kenya Government Agencies
Recent cyberattacks on Kenya’s government agencies have been linked to suspected Chinese hackers. These attacks exploited vulnerabilities in SoftEther enterprise virtual private network ...
Kenya
Kenya Finance Bill 2024 Advances Amid Public Outcry
The Finance Bill 2024, initially presented in parliament in May, has passed its second reading, despite significant public opposition. The bill proposes increased ...
Kenya
Kenya: Safaricom and Pezesha Unveil New Loan Service for Small Businesses
Safaricom, Kenya’s leading mobile network operator, has partnered with digital lender Pezesha to introduce a new credit service for small business owners. This ...
Kenya
Kenya’s Tax Burden to Rise by Ksh.1 Trillion by 2027
The Kenya Kwanza administration’s ambition to increase the tax to Gross Domestic Product (GDP) ratio will result in a significant increase in the ...