Category: Kenya
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KRA enforces new tax rules for charities, requiring compliance by June 2025. Non-compliance may lead to revocation of tax exemptions.
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Kenya’s agriculture sector faces rising prices but holds an optimistic outlook, with expected output growth, government support, and calls for better infrastructure.
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Treasury Bonds saw strong demand, with bids reaching Kshs. 193.89B. CBK accepted Kshs.130.8B, highlighting investor confidence in government securities.
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KBA’s 2024 survey shows rising banking satisfaction, greater digital adoption, and increased customer loyalty, but high fees and service issues persist.
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Kenyans face financial struggles but remain resilient, cutting expenses, seeking side hustles, and prioritizing savings for a stable future.
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CEOs remain optimistic about Kenya’s 2025 business growth, focusing on diversification and innovation despite concerns over taxation and high costs.
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Inflation Stabilizes Amid Economic Optimism in 2025: Inflation should stay low, boosting economic growth, private sector credit, and business confidence.
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CBK wins a prestigious global award for its new high-security banknotes, recognized for cutting-edge anti-counterfeiting features and world-class design.
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Big Relief! Lower Lending Rates Fuel Business Growth – Co-op Bank cuts rates from 16.5% to 14.5% p.a., making credit more affordable for MSMEs and individuals.
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The court ruled healthcare facilities permit fees unconstitutional, citing double taxation and ordering the return of confiscated medical equipment.