AfCRA outlines new methodology for rating Africa’s credit risk By Jimmy Mbogoh October 09, 2026 08:03 (EAT) Add as a Preferred Source on Google Follow us Follow on Whatsapp Follow on Google Follow on Twitter Audio By Vocalize The Africa Credit Rating Agency (AfCRA) has highlighte …
New Africa credit rating agency seeks to lower borrowing costs By Jimmy Mbogoh October 09, 2026 06:07 (EAT) Add as a Preferred Source on Google Follow us Follow on Whatsapp Follow on Google Follow on Twitter A graphics showing money. …
Kenya's banking sector records growth as assets rise to Ksh.8.35 trillion By Jimmy Mbogoh August 20, 2026 07:45 (EAT) Add as a Preferred Source on Google Follow us Follow on Whatsapp Follow on Google Follow on Twitter Audio By Vocalize Kenya's banking sector remained resilient in …
… By Jimmy Mbogoh August 12, 2026 10:00 (EAT) Add as a Preferred Source on Google Follow us Follow on Whatsapp Follow on Google Follow on Twitter Audio By Vocalize As Kenya looks beyond Vision 2030 and begins to shape a new long-term development agenda, the government’s own scoreca …
Treasury CS Mbadi now warns Ksh.3.6 trillion revenue target may not be realised By Jimmy Mbogoh May 28, 2026 04:46 (EAT) Add as a Preferred Source on Google Follow us Follow on Whatsapp Follow on Google Follow on Twitter Treasury CS John Mbadi during a past Parliamentary committe …
Bankers, accountants push for lower PAYE rates in Finance Bill 2026 proposals By Jimmy Mbogoh May 21, 2026 09:08 (EAT) Add as a Preferred Source on Google Follow us Follow on Whatsapp Follow on Google Follow on Twitter Audio By Vocalize Stakeholders drawn from various sectors wan …
Treasury to bring back second-hand clothes tax through amendments, Mbadi says By Jimmy Mbogoh May 11, 2026 09:33 (EAT) Add as a Preferred Source on Google Follow us Follow on Whatsapp Follow on Google Follow on Twitter Treasury CS John Mbadi appears before the National Assembly's …
KRA now seeks powers to use individual data for tax collection By Jimmy Mbogoh May 08, 2026 07:42 (EAT) Add as a Preferred Source on Google Follow us Follow on Whatsapp Follow on Google Follow on Twitter Audio By Vocalize In the Draft Finance Bill of 2026, the Kenya Revenue Autho …
Treasury proposes Ksh.4.82 trillion budget for 2026/27 financial year By Jimmy Mbogoh May 01, 2026 04:48 (EAT) Add as a Preferred Source on Google Follow us Follow on Whatsapp Follow on Google Follow on Twitter Treasury CS John Mbadi in his office before reading the budget in the …
The Africa Credit Rating Agency has outlined its methodology for measuring Africa's credit risk, based on measurable evidence and aligned with international standards but not country-specific. For the first time, African countries will be able to interact with the agency and input their own data via an AfCRA portal to inform creditworthiness assessments.
The Africa Credit Rating Agency has outlined its methodology for measuring Africa's credit risk, based on measurable evidence and aligned with international standards but not country-specific. For the first time, African countries will be able to interact with the agency and input their own data via an AfCRA portal to inform creditworthiness assessments.
The Africa Credit Rating Agency (AFCRA) has been launched in Mauritius to address what it sees as distortions in how African credit risk is assessed, with officials arguing that improved rating methodologies could reduce borrowing costs across the continent by 50 to 100 basis points, potentially saving 5 billion USD annually.
Kenya's banking sector grew in 2025, with total assets increasing by 10.3 per cent to Ksh.8.35 trillion and customer deposits rising 9.9 per cent to Ksh.6.38 trillion, reversing the previous year's 1.6 per cent contraction.
As Kenya prepares a new long-term development agenda beyond Vision 2030, the government's scorecard shows 66 per cent overall implementation of the 18-year-old blueprint across three pillars: social (59.5 per cent), political (88.2 per cent), and economic.
The Gambling Regulatory Authority projects that the sector will contribute over 40 billion shillings in taxes for the current financial year. The authority plans to introduce new regulations to address gambling addiction, including mandatory cooling-off periods and centralised tracking of player behaviour.
Treasury Cabinet Secretary John Mbadi has warned that the projected Ksh.3.6 trillion revenue for the 2026/2027 budget may not be realised due to global shocks and heightened geopolitical activity, raising concerns about the financing of the expansive Ksh.4.8 trillion budget.
Banking and accounting industry groups have submitted proposals to the National Assembly Finance Committee calling for reductions in PAYE rates and expansion of tax bands, arguing that lowering the marginal rate to 30 per cent on the higher bracket would release approximately Ksh.28 billion into the economy.
Treasury Cabinet Secretary John Mbadi said the government will seek to reintroduce a proposed tax on second-hand clothes, known as mitumba, which the National Assembly removed from the Finance Bill 2026. The tax would collect a 1.5 per cent levy at the point of entry, with Mbadi arguing it came from industry request and was aimed at simplifying taxation in the sector.
Kenya's Draft Finance Bill 2026 proposes amending the Tax Procedures Act to empower the KRA Commissioner to determine tax liability using secondary data sources such as withholding tax declarations, employer filings, and eTIMS data, moving away from the current voluntary self-assessment system.
The National Treasury has presented a budget estimate of Ksh.4.82 trillion for the financial year beginning July 2026, the highest in Kenya's history. The Treasury plans to borrow over Ksh.1.1 trillion from the domestic market to meet expenditure demands, despite expecting economic growth to slow to 5.0 per cent from a projected 5.3 per cent.