The bill aimed to address Kenya's $80 billion debt, with the government opting for tax increases rather than spending cuts. Moody's subsequently downgraded Kenya's debt rating, citing the government's decision to abandon the tax hikes. Ruto has announced new borrowing plans and spending...
The Finance Act, 2023 (the Act) was signed into law by the President on 26 June 2023. Unless specifically mentioned, the changes highlighted in this Tax Alert were meant to take effect on 1 July 2023. However, on 30 June 2023, the High Court of Kenya iss
NAIROBI —KenyanPresident William Rutosaid Wednesday he won’t sign into law a finance bill proposing new taxes, a day after protesters stormed parliament and several people were shot dead. It was the biggest assault on Kenya’s government in decades. The governme...
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In Kenya, no specific measures such as waiver of utility bills or suspension of bill payments were found for the energy sector, even though the government has allotted some Ksh40 billion for health and social protection alongside some tax exemptions [38]. In addition to the stimulus package for...
That said, the transition must be just. You can’t tell people in countries like Kenya they’re not entitled to power, or that they have to transition to net zero without any support to overcome the technical deficits that stand in the way of achieving this. ...
TDB delivered $4.2 million to Kenya’s Sunspot Energy project to finance home solar systems for 6,000 households—a boon for a country where 25% of the population lacks access to electricity. TDB also supplied €100 million (about $106 million) for infrastructure projects in Uganda, where the...
If you checkout car loans kenya, you can get enough money to solve all your pressing issues. However, before you get all excited and ready to request for that loan, you must take your time and find the right lender. And now with the internet, this should not be difficult at all. ...
Allan Kilavuka, Group Managing Director & CEO, Kenya Airways These will be followed up in this year’sAfrican Aviation Summit: Air Finance Africa Conference & Exhibitiontaking place at the Sandton Convention Centre, Johannesburg, South Africa, from Tuesday, 21st to Thursday, 23rd May, 2024....
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