Somalia-bans

Banks face fresh hit from parastatals’ idle cash ban May 6, 2024
Kenya’s parastatals have been banned from holding idle cash in bank accounts.
Borrowing cut to help central bank lower interest rates May 6, 2024
The National Treasury is cutting its expected net borrowing for the current fiscal year by...
President Ruto makes U-turn on ending Uhuru Kenyatta's Sh376bn rural roads programme May 6, 2024
The government has made a U-turn on plans to abandon the Sh376 billion road programme started...
Government seeks MPs' nod on Sh10.6bn to combat floods May 6, 2024
The government wants the National Assembly to approve Sh10.6 billion to cater for emergency...
Common Reporting Standard regulations’ impact on taxpayers May 6, 2024
Governments worldwide have been implementing regulations to combat tax evasion and promote tax...
Half of businesses snub transactions on KRA’s eTIMS platform May 6, 2024
More than half of businesses on KRA’s eTIMS are not transacting on the platform.
Anti-kerosene adulteration levy falls to Sh1 billion May 6, 2024
Collections from a levy meant to discourage the use of kerosene to adulterate diesel and super...
How weak tax collection opened Sh270bn budget hole May 6, 2024
Poor tax mobilisation across nine months of the current fiscal year to the end of March has...
Car & General fights off new Sh468m tax demand May 6, 2024
Car & General (C&G) is fighting off three tax demands from the Kenya Revenue Authority.
Two Kenyan firms picked for inaugural Google AI Cohort May 5, 2024
Two Kenyan firms are among 21 from Africa selected to join the inaugural Google, Generative AI...