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The economy of Kenya is market-based with a few state enterprises. Kenya has an emerging market and is an averagely industrialised nation ahead of its East African peers. Currently a lower middle income nation, Kenya plans to be a newly industrialised nation by 2030. The major industries driving the Kenyan economy include financial services ...
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.
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. [24]
The Gross County Product (GCP) measures the economic output of counties in Kenya. It is calculated by the Kenya National Bureau of Statistics (KNBS), which aggregates the value of all goods and services produced within a county during a specific period. GCP is an essential indicator for assessing the economic performance and potential of ...
NAIROBI (Reuters) -Kenya expects the International Monetary Fund to review its revised fiscal repair plan at the end of August, the country's chief minister has told a parliamentary panel ...
Lamu Port-South Sudan-Ethiopia-Transport (LAPSSET) Corridor project, also known as Lamu corridor is a transport and infrastructure project in Kenya that, [ 1 ] when complete, will be the country's second transport corridor. Kenya's other transport corridor is the Northern Corridor, which links Mombasa to Uganda, passing through Nairobi and much ...
Kenya, officially the Republic of Kenya (Swahili: Jamhuri ya Kenya), is a country in East Africa. With a population of more than 47.6 million in the 2019 census, [ 12 ] Kenya is the 28th-most-populous country in the world [ 7 ] and 7th most populous in Africa. Kenya's capital and largest city is Nairobi, while its oldest and second-largest city ...
v. t. e. Kenya maintains relations with various countries around the world. Its closest ties are with its fellow Swahili-speaking neighbors in the African Great Lakesregion. Swahili speaking neighbours mainly include countries in the East African Communitysuch as Burundi, the DRC, Rwanda, South Sudan, Tanzaniaand Uganda.