A prominent United States banking corporation is negotiating a major debt restructuring arrangement. Kenya aims to reduce its excessive reliance on domestic borrowing completely. The American bank has successfully revived negotiations on a previously stalled deal. This transaction represents a…
Kenyan farmers and exporters are set to access the Chinese market more easily after Kenya secured duty-free treatment on about 98.2 per cent of tariff lines. The arrangement covers major Kenyan exports such as avocados, tea, coffee, macadamia nuts, fresh…
Tea factories across the country have received instructions to immediately reject green leaf that does not meet the recommended “two leaves and a bud” standard, a move that could force farmers to change their plucking practices. Agriculture Cabinet Secretary Mutahi…
KRA Announces 6-Month Tax Amnesty for Kenyans with Tax Arrears. Treasury Cabinet Secretary John Mbadi has announced a six-month tax amnesty that will allow eligible taxpayers to clear outstanding tax arrears without paying accumulated penalties and interest. Speaking during a…
Kenyan motorists could soon get relief at fuel stations after global crude oil prices recorded a sharp decline. The drop followed easing tensions in the Middle East. The latest CBK bulletin shows Murban crude oil prices fell to Ksh9,642 per…
A proposal to reduce the tax filing period from six months to four months has sparked concerns among taxpayers and business owners. Critics argue that the shorter timeline could make compliance more difficult for many Kenyans. Supporters say the move…