In a surprising move, the Energy and Petroleum Regulatory Authority (EPRA) has announced that fuel prices will remain unchanged for November. This decision comes at a time when global oil markets have been experiencing significant fluctuations, leaving many Kenyans relieved but curious about what it means for the economy and their daily lives. In its…
Kenya’s Parliament is setting its sights on tougher measures for foreign companies aiming to do business within the country. Lawmakers argue that existing standards are too lenient, potentially harming local industries and diminishing growth opportunities for Kenyan businesses. As debate intensifies, policymakers weigh the benefits and potential drawbacks of raising the bar for foreign firms,…
1st. Nov. 2024 NAIROBI — The Nairobi Securities Exchange (NSE) saw a remarkable resurgence in 2024, adding nearly KSh 420 billion in investor wealth by October. This upsurge signals renewed local investor confidence amid a challenging economic backdrop. The market’s capitalization surged by 29.2%, lifted primarily by robust performances in the energy and banking sectors….
The recent decline in Treasury bill (T-bill) rates has sparked conversations among Kenyan investors and the broader financial market. The government’s decision to lower these rates follows a global trend of monetary easing, where central banks are cutting interest rates to stimulate economic growth. But what exactly does this mean for Kenyan investors? Let’s explore…
The Central Bank of Kenya (CBK) recently raised KSh 23 billion during its weekly auction, reflecting a cautious stance among investors. Despite high interest rates, there remains a strong demand for short-term securities, particularly the 91-day Treasury bills, which were oversubscribed. This trend highlights the market’s preference for short-term investments as a hedge against long-term…
The Kenyan shilling has made significant gains against the US dollar this year, appreciating by 17.8% from January to June. This growth reflects a combination of favorable market conditions, increased foreign exchange inflows, and investor confidence. Weekly Performance and Key Drivers In the past week, the shilling strengthened by 1.06%, closing at 128.66 from the…
Value Added Tax (VAT) is a form of indirect tax levied on the consumption of goods and services. It’s a major source of revenue for governments around the world, including Kenya. In this article, we’ll delve into the intricacies of VAT, covering its purpose, how it operates, and its impact on businesses and consumers. Purpose…
Dive into Kenya’s intricate tax system with our comprehensive guide. From corporate tax to the new digital service tax, uncover how recent changes and special economic zones impact your business. Stay compliant, optimize your tax strategy, and navigate the latest regulations with confidence. Don’t miss out on essential updates and expert tips for thriving in…
