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…
In a strategic move to bolster Kenya’s energy security, the Kenya Pipeline Company (KPC) is setting its sights on repurposing refinery tanks for an impressive fuel storage expansion. This transformative initiative, spearheaded by Energy and Petroleum Cabinet Secretary Davies Chirchir, is poised to reshape Kenya’s role in the regional energy landscape. Fueling a Competitive Edge…
Standard Chartered Bank Kenya has introduced an exciting opportunity for Kenyan investors to explore offshore unit trust fund investments. This initiative opens up a gateway for retail investors to tap into the dynamic US, European, and Asian equities and bonds markets. Expanding Investment Horizons with Signature CIO Funds These innovative investment opportunities, known as the…
