Kenyan banks contributed $1.51 billion to Treasury in 2024, according to tax contribution report
The report further examined how banks distribute value to their key stakeholders where in 2024, the government received the largest portion at 54.95 per cent via taxes, followed by employees at 25.62 per cent through salaries and benefits and shareholders at 19.44 per cent through dividends.
No love for the dollar as markets fret about Fed independence after Trump threatens chair with sack
Down 10 per cent so far this year and set for its worst year since 2003, the dollar was expected to weaken further as renewed concern about Fed independence comes amid increased expectations for rate cuts and a looming July 9 deadline for trade agreements.
