Kenya has secured the honor of hosting the 2024 Transform Africa Summit (TAS), organized by the Smart Africa Alliance. Scheduled from August 28-30, this summit is set to become a key event in Africa’s technology landscape. The Transform Africa Summit is an annual gathering convened by the Smart Africa Alliance, bringing together over 5,000 delegates….
In November 2023, Kenya’s private sector found itself grappling with substantial inflationary pressures, as indicated by the Stanbic Purchasing Managers’ Index (PMI). These pressures stemmed primarily from the relentless surge in fuel prices and the persisting fragility of the local currency. The report underscored that input costs soared at an unprecedented pace, marking the most…
In a recent move, the Kenya Revenue Authority (KRA) has decided to increase taxes on used car imports, further impacting this sector. This comes as the KRA has reduced the maximum depreciation rate from 70 percent to 65 percent, significantly affecting the valuation of vehicles. Understanding the Tax Adjustment Pamela Ahago, the acting commissioner for…
