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The Kenya Finance Bill 2024 was a piece of legislation that proposed changes to the tax system of Kenya, [1] which involves tax increases. [2] The proposed bill aims to raise 346 billion Kenyan shillings (KSh) to pay off debt and fund development projects.
As of March 2024 the development portfolio consists of; [ TRIFIC - 80.5 percent shareholding - The only services-focused Special Economic Zone (SEZ) in Kenya, offering new and exciting prospects for global, regional, and Kenyan service-oriented business enterprises seeking a competitive and advantageous base to access international markets.
9 October – Kenya is elected to a seat at the United Nations Human Rights Council for a three-year term beginning in 2025. [ 44 ] 17 October – Following a majority vote by the Senate, Rigathi Gachagua is removed as Vice President after being convicted of five of the 11 charges laid against him during his impeachment.
NAIROBI (Reuters) -Kenya's government plans to cut 2024-25 spending by 1.9% and widen the fiscal deficit to 3.6% of GDP in a revised budget, the treasury said, weeks after it was forced to roll ...
The 2024 Finance Bill is the first in a series of tax reforms based on a Medium-Term Revenue Strategy (MTRS) devised and published by the Kenyan government in 2023 through the Ministry of National Treasury and Economic Planning. The MTRS aims to increase the tax-to-GDP ratio in Kenya from 13.5% to at least 20% from 2024 to 2027. [26]
At the dawn of independence, stock market activity slumped due to uncertainty about the future of independent Kenya. 1988 saw the first privatization through the NSE with the sale of a 20% government stake in Kenya Commercial Bank. The sale left the Government of Kenya and affiliated institutions retaining 80% ownership of the bank. Notably, on ...
The Consumer Financial Protection Bureau (CFPB) on Wednesday warned that credit card companies devaluing or canceling reward points, cash back or miles rewards programs may be breaking the law.
"News (by country): Kenya". Africa South of the Sahara. USA – via Stanford University. Annotated directory "Kenya Indexing Project". Nairobi. Archived from the original on 2014-09-20 Index of the articles published in Nairobi newspapers since 1980 "Newspapers Held in Microform: Kenya" (PDF). Cooperative Africana Materials Project.