Business

KRA Exceeds Revenue Target Amid Hospitality Sector Rebound

The Kenya Revenue Authority (KRA) has revealed that it collected Sh49.06 billion ($453 million) in customs duties in the 2022/2023…

3 years ago

KRA Faces Setback as Court Rules in Favor of Standard Chartered

The Kenya Revenue Authority (KRA) has suffered a significant setback following a ruling by the High Court stating that it…

3 years ago

Ethiopian Mobile Money Services Are Now Available Through Safaricom

The authorization to introduce Safaricom's mobile money service, M-Pesa, in Ethiopia has been given. The Safaricom M-Pesa Mobile Financial Service…

3 years ago

Judiciary And Treasury Are At odds On A Tax Dispute Deposit Plan

A Supreme Court judgment issued earlier this year prohibiting the imposition of conditions before a matter is heard conflicts with…

3 years ago

The Treasury Intends To Tax Cryptocurrency Exchanges That Serve Over 4 Million Kenyans

If new legislation are passed, Kenya would begin charging cryptocurrency exchanges for commissions received from the country's approximately four million…

3 years ago

Ruto Gathers More Debt In The First Six Months Than Uhuru

In its first six months in office, President William Ruto's administration borrowed Sh17.4 billion more than his predecessor did, upending…

3 years ago

Donors At Multimedia University Not Yet Paid For Up To Five Years

In response to a severe cash shortage that threatens to halt the institution's operations, Multimedia University of Kenya is requesting…

3 years ago

The New Deputy Governor Of The Central Bank Takes Office

After a seven-year wait, the Central Bank of Kenya (CBK) has a new deputy governor. Dr. Susan Koech, who was…

3 years ago

KRA Loses Sh900 Million In A Tax Dispute With Coca-Cola

The High Court has dismissed a case in which the Kenya Revenue Authority (KRA) sought Sh900 million from soft drink…

3 years ago

World Bank: Use AI To Direct Housing Planning

According to the World Bank, Kenyans living in informal settlements are not benefiting from newly built homes because those initiatives…

3 years ago