Additionally, the Act reduces the corporate income tax rate for branches to 30% (from 37.5%) beginning with the 2024 year of income. Kenya appears to be adopting an approach that is similar to her neighbour Uganda in a bid to expand the tax base. Effective date: 1 January 2024 Taxation ...
In 2024, the revenue in the Socks market in Kenya amounts to KSh US$28.92m. It is projected that the market will experience an annual growth rate of 3.20% (CAGR 2024-2029). When compared globally, in China generates the highest revenue in this segment, reaching a staggering KSh US$1,...
Kenya's government plans to issue $1.5 billion in debt at a high interest rate of 10.375% to avoid lengthy debt restructuring negotiations with various creditors. This move aims to address concerns about Kenya's ability to repay a $2 billion bond due in June. However, it is a risky ...
Application Deadline: June 10, 2024 Applications are now open for the2024 Kenya Academy for Women Entrepreneurs. The U.S. Embassy Nairobi in partnership with Ushindi Empowerment Group, invites women entrepreneurs from Nairobi with at least 3 years’ experience seeking to scale their businesses or ...
Following this speech Kenya introduced tax on machines and motor vehicles based on the engine capacity of the vehicle,[2] and additional charges commodities that have a negative impact on the environment.[3] The imposition of the eco levy has the potential to result in a low rate of ...
Kenya is staring at record-high external repayment expenses in the current year ending June 2024, underlined the bullet Eurobond payment and estimated at Sh112.39 billion due to Chinese lenders, largely Exim Bank of China. The Ruto administration is banking on the full enforcement of the ...
and this policy has been only partially successful. Kenya’s economy, which did not grow at a constant rate during the last two decades of the 20th century, continued to be dominated by the external market;tourismand agricultural exports were still the major source of foreign exchange for the...
Kenya's manufacturing sector increased by 3.2 percent in the second quarter of 2024. This was an increase to the corresponding quarter of 2023, as the value added by the industry to the Gross Domestic Product (GDP) grew by 1.5 percent. In general, the growth rate of the manufacturing sector...
Gross Savings Rate (%) 11.9 2023 yearly 2006 - 2023 Investment: % of GDP (%) 16.4 2023 yearly 1964 - 2023 Nominal GDP (USD mn) 26,869.9 Sep 2022 quarterly Mar 2009 - Sep 2022 Nominal GDP Growth (%) 7.780 Jun 2024 quarterly Mar 2010 - Jun 2024 Private Consumption Expenditure ...
What is the success rate of IVF in Kenya? Thesuccess rate of IVF in Kenyais around 60 to 70%, which may vary depending on factors such as the age of the woman, the quality of the embryos, and the expertise of the fertility clinic. ...