Today marks a pivotal moment in Kenya’s fiscal arena as the Finance Bill 2024 takes center stage in a special parliamentary session. This legislative initiative aims to introduce a series of tax reforms and empower the Kenya Revenue Authority (KRA) with newfound authority, sparking debates and discussions nationwide. The Finance Bill 2024 proposes significant changes […]

Kenya, alongside Ethiopia, Rwanda, Tanzania, and Uganda, has been chosen to spearhead the COMESA East Africa Communality (EAC) Horticultural Accelerator (CEHA) initiative. CEHA aims to enhance the horticultural sector across Eastern and Southern Africa. Dr. Mohamed Kadah, Assistant Secretary General Programmes at the COMESA secretariat, outlined CEHA’s vision during the launch of its Kenya Chapter. […]

After weeks of negotiations and mounting pressure, Kenya’s medical landscape is poised for a significant shift as doactors and the government have finally reached a landmark agreement to end the prolonged strike that has gripped the nation since mid-March. In a televised ceremony witnessed across the country, representatives from the Kenya Medical Practitioners, Pharmacists, and […]

Kenya is poised to make history as the first African nation to synchronize its data protection infrastructure with the European Union, marking a significant stride in safeguarding digital assets. At the ninth Network of African Data Protection Authorities (NADPA-RAPDP) Annual General Meeting (AGM), European Deputy Ambassador Ondrej Simek commended Kenya’s proactive approach towards data security, […]

At the AmCham Business Summit in Nairobi, US Ambassador to Kenya, Meg Whitman, outlined key strategies to bolster Kenya’s economic standing within Africa. Whitman emphasized the potential of Kenya’s manufacturing sector to drive economic expansion, particularly in apparel exports to the US. To achieve this, she underscored the importance of revitalizing cotton farming and sustained […]

Kenya’s government, under President William Ruto’s leadership, is taking steps to scrap double taxation with Belarus. Spearheaded by the National Treasury, this initiative aims to streamline tax regulations, promoting a conducive environment for bilateral trade. The Double Taxation Agreement (DTA) focuses on income taxes and is currently open for public input, reflecting the government’s commitment […]

In the wake of devastating floods wreaking havoc across multiple regions in Kenya, the Ministry of Trade has stepped forward with a resolute pledge to aid businesses and industries grappling with the aftermath. Cabinet Secretary Rebecca Miano has voiced the government’s commitment to extending assistance to those affected, underscoring the severity of the situation which […]

The Nairobi Securities Exchange (NSE) witnessed an impressive growth spurt in market capitalization during Q1 2024, soaring to a substantial KSh 1.8 trillion, according to the latest Capital Markets Authority (CMA) report. This surge, representing a robust 22.79 percent increase from the previous quarter, highlights the intensified trading activities across the exchange. Notably, NSE equity […]

In a significant move towards strengthening economic relations, Kenya and Zimbabwe have recently signed a series of strategic agreements aimed at fostering trade, investment, and sectoral development. The Joint Permanent Commission on Cooperation (JPCC) meeting held in Harare, Zimbabwe, served as the platform for these crucial agreements, signaling a new chapter in the partnership between […]

Nairobi witnessed a pivotal moment as President William Ruto addressed the AMCHAM Business Summit, joined by key figures including United States Secretary of Commerce Gina Raimondo and Kenya’s Investment and Trade Cabinet Secretary Rebecca Miano. President Ruto emphasized Kenya’s commitment to facilitating trade and investment, showcasing the establishment of Special Economic Zones as a testament […]