Kakamega County own source revenue rises to $14m but misses $17m target
Among the new revenue sources are charges on electric vehicle charging points, with rural areas paying Ksh4,000 ($32), urban centres Ksh6,000 ($46.37) and the municipality Ksh8,000 ($61.83) per charging point. The county has also introduced new charges for underground fuel storage tanks with a capacity between 10,000 and 20,000 litres.
Upset by financial institutions’ reluctance to deal in cryptocurrency Trump orders kerb on ‘political debanking’
According to Donald Trump Jr, the banks’ behaviour helped to awaken the Trump family to the supposed promise of crypto, as the basis for a parallel financial system in which everybody has custody over their own funds.
Kenya is a full-blown economic crime scene where perps gleefully hold press briefings to announce taxes on even second-hand underwear
Your mother, once your biggest cheerleader, now lies sick in a county hospital, receiving the sort of treatment that should qualify as a human rights violation. Three months of watching her deteriorate because you can’t afford private care, and because in Kenya, public healthcare is where dreams and lives go to die.
Tax agency paints rosy future of Kenya’s economic outlook after surpassing targets despite World and IMF’s gloomy forecast
Notwithstanding these challenges, KRA boss Humphrey Wattanga avers that KRA’s robust measures yielded a significant revenue collection turnaround in the second half of the financial year as revenue grew by 9.1 per cent, compared to the 4.5 per cent growth recorded in the first half of the financial year.
Finance minister admits economy is on ‘life support’ and warns Kenyans to brace for even harder times
On reforming state-owned enterprises (GOEs), the cabinet secretary stated that the proposed GOE Bill, 2025, would restructure about 60 commercial state entities to operate under the Companies Act, enabling them to focus on profitability and efficiency. The objective is to shift project development in these institutions from state-driven to private sector-led models, freeing up fiscal resources for social spending.
For disrupting and democratising traditional banking services, Equity Bank has no equal n East Africa
Omar declared, “Thomas Sankara once said, ‘The ones who feed you, rule you.’ In today’s context, we might say, ‘The ones who finance you, empower you’,” insisting that strong African-owned banks are critical to scaling development and banks like Equity Bank are at the forefront of that mission.
Local media report Kenya plans to reintroduce some tax measures to raise $1.2 billion
The tax proposals to be brought back include an eco-levy on most goods, Finance Minister John Mbadi told the private TV station, adding that sensitive products like sanitary pads would be exempted from the levy.
