… His remarks were echoed by National Assembly Finance and National Planning Committee Chairperson Kuria Kimani, who warned that continued dependence on collateral risks excluding millions of potential borrowers, particularly young entrepreneurs. …
… Chairperson and Molo MP Kuria Kimani said the review was informed by public participation involving more than 100,000 submissions, county hearings and consultations with stakeholders and government agencies. …
… The Departmental Committee on Finance and National Planning, chaired by Kuria Kimani, released its comprehensive report following weeks of intense and heated public hearings across 13 counties. …
Finance and Planning Committee Chairman Kuria Kimani, National Treasury CS John Mbadi and National Assembly Budget and Appropriations Committee Chairman Samuel Atandi at Parliament Buildings, on June 11, 2026. …
Finance and Planning Committee Chairman Kuria Kimani, National Treasury CS John Mbadi and National Assembly Budget and Appropriations Committee Chairman Samuel Atandi at Parliament Buildings, on June 11, 2026. …
… Committee Members led by the Chairperson Kuria Kimani raised questions relating to the management of the ten percent community share, with some urging that proceeds be channelled into structured development projects such as schools and hospitals rather than direct cash transfers, …
… The National Assembly Finance Committee Chairman Committee Chairperson Kuria Kimani says, the traders were among stakeholders who made presentations during the just concluded public hearings. …
… Chairperson Kuria Kimani said some stakeholders have relied on unofficial documents, leading to confusion over key provisions such as rental income tax and Mitumba taxation. …
At the 23rd East African Banking School Conference in Diani, banking regulators and executives discussed how artificial intelligence and alternative data can expand credit access for young people and small businesses, while the Central Bank of Kenya Governor cautioned that AI models must remain transparent, explainable, and subject to human oversight.
At the 23rd East African Banking School Conference in Diani, banking regulators and executives discussed how artificial intelligence and alternative data can expand credit access for young people and small businesses, while the Central Bank of Kenya Governor cautioned that AI models must remain transparent, explainable, and subject to human oversight.
Parliament removed a proposal to impose Value Added Tax on person-to-person digital money transfers in the Finance Act 2026, protecting millions of Kenyans relying on digital group contributions. The Finance Bill was passed on June 18, 2026, with 122 MPs voting in favour and 40 against, and the Departmental Committee on Finance and National Planning recommended the removal after public participation involving more than 100,000 submissions.
MPs rejected several politically contentious consumption tax proposals in the Finance Bill 2026 following public hearings across 13 counties, though a range of new levies buried within the law still threaten to affect Kenyan households.
National Treasury Cabinet Secretary John Mbadi presented his Budget statement in Parliament, depicting an economy showing signs of recovery while facing significant domestic and global challenges.
Finance Cabinet Secretary John Mbadi presented a budget statement in Parliament describing an economy showing signs of recovery but facing significant domestic and global challenges. He acknowledged that Kenyans have sought to lighten their financial burden, though the article suggests limited optimism in his response.
East African Community Affairs Principal Secretary Caroline Karugu has urged the National Assembly to amend national tax laws to align with community frameworks, warning that provisions in the proposed Finance Bill, 2026 risk breaching regional treaties and triggering trade retaliation. The core issue is how goods moving within the EAC bloc are classified for tax purposes—Kenya's current law labels EAC goods as imports subject to higher excise duties, contradicting the EAC Customs Management Act, which classifies inter-state movement as a transfer.
Kenya's State Department for Mining is proposing amendments to the Sovereign Wealth Fund Bill that include a one percent Mineral Development Levy on gross mineral sales to finance geological research and exploration. The Department is resisting proposals to transfer mineral royalty collection to the Kenya Revenue Authority, citing concerns about disrupting regulatory oversight, while lawmakers push for reforms ensuring transparency and equitable sharing of mineral revenues.
The government has defended its fiscal strategy, saying the national budget deficit remains a concern but is gradually declining compared to last year. Treasury is introducing alternative financing measures, including the National Infrastructure Fund, to bridge the gap.
Mitumba traders have proposed a simplified 5 percent final tax at importation to replace the current system (16% VAT, 60% Corporation Tax, and 30% trader tax), arguing it will ease compliance and maintain affordability of second-hand clothes. The proposal comes as the National Treasury currently proposes exempting Mitumba under the Finance Bill.
The National Assembly Finance Committee has warned that misinformation and unofficial documents are shaping public debate on the Finance Bill 2026, noting confusion over provisions such as rental income tax and Mitumba taxation. Parliament issued clarifications debunking claims that the bill requires annual land rent payments on freehold land, urging the public to verify information using the official version.
Stakeholders before Parliament's Finance Committee have broadly welcomed the government's proposed tax amnesty program for liabilities accrued to December 31, 2025, but urged lawmakers to extend the amnesty window to June 30, 2027, and address restrictive clauses on overpaid tax refunds to prevent a liquidity crisis.
Parliament has invited public participation on the Finance Bill 2026, which proposes tax changes on mobile phones, mitumba imports, digital platforms and cryptocurrency transactions. The Clerk of the National Assembly set a May 25 deadline for written submissions to the Departmental Committee on Finance and National Planning.
Kenya's Controller of Budget cautioned that the proposed Income Tax (Amendment) Bill, 2026—which would exempt certain internal property transfers from Capital Gains Tax—could expose the country to significant tax losses without stronger safeguards. The office recommended requiring companies to remain tax-resident in Kenya for three years after restructuring, a mandatory review of the exemption's impact after three years, and advance approval from the Kenya Revenue Authority for large transactions exceeding Ksh.500 million.