NAIROBI, October 8, 2025 — Kenya stands on the threshold of regulatory history as Parliament has overwhelmingly passed the Virtual Asset Service Providers (VASP) Bill, 2025, at its third and final reading, positioning the East African nation to become one of the continent’s first countries with comprehensive cryptocurrency regulation. The legislation now awaits President William […]

Kenya has officially launched a groundbreaking electronic cargo clearance system designed to revolutionize cross-border trade by enabling significantly faster processing of goods and eliminating the bureaucratic inefficiencies that have historically plagued regional commerce. The Common Market for Eastern and Southern Africa (Comesa) Electronic Certificate of Origin (e-CO) represents a transformative shift from paper-based documentation to […]

Kenya’s private sector economy demonstrated encouraging signs of recovery during September, with the Stanbic Bank Kenya Purchasing Managers’ Index (PMI) climbing to 51.9 from 49.4 in August, marking the first time the closely-watched indicator has moved above the critical 50.0 neutral threshold since April. The improvement represents a significant turning point for the East African […]

Kenya and Tanzania are preparing for high-stakes bilateral negotiations scheduled for Friday, October 3, 2025, aimed at resolving tensions stemming from Tanzania’s controversial July decision to prohibit foreigners from engaging in small-scale business activities—a move that has sent shockwaves through the East African Community (EAC) and raised fundamental questions about the future of regional economic […]

The Kenyan government has formalized a landmark bilateral agreement with Belgium designed to eliminate double taxation and prevent tax evasion for individuals and businesses operating between the two countries. The historic deal was signed on Tuesday, September 30, at the National Treasury offices in Nairobi, marking a pivotal moment in Kenya-Belgium economic relations. The agreement […]

Key Highlights: Kenya’s savings and credit cooperative societies have implemented their first reduction in dividend rates in three years, cutting the average rate of dividends on share capital to 10.46 percent for the year ending December 2024. This marks a strategic shift as saccos prioritize building stronger capital reserves over maximizing immediate returns to their […]

In a bold regulatory move that could fundamentally reshape Kenya’s digital financial landscape, the Central Bank of Kenya (CBK) has proposed cutting mobile money transaction fees by approximately half, targeting a reduction in average person-to-person transfer costs from KSh 23 to just KSh 10. The proposal, embedded within the Kenya National Financial Inclusion Strategy 2025-2028, […]

Kenya has unveiled the most ambitious digital taxation framework in Africa, introducing sweeping regulations that will fundamentally reshape how global technology giants including OpenAI’s ChatGPT, Netflix, Google, Amazon, and Uber are taxed for services consumed by Kenyan users. The Kenya Revenue Authority’s (KRA) new Income Tax (Significant Economic Presence Tax) Regulations, 2025, published this week, […]

Kenya marked a historic milestone in its tea industry by launching its first orthodox tea auction in Mombasa, signaling a strategic shift toward premium specialty markets as the country seeks to maximize revenue from its position as the world’s largest tea exporter. The inaugural auction successfully traded 2,925 packages equivalent to 91,798 kilograms of orthodox […]

Kenya and the Czech Republic have signed a transformative Agreement on the Elimination of Double Taxation, marking a pivotal moment in bilateral economic relations between the two nations. The landmark accord, formalized at the National Treasury Building by Cabinet Secretary John Mbadi and Czech Ambassador Nicol Adamcová, represents Kenya’s 16th such agreement and signals both […]