Jimmy Mbogoh
67 Articles
Airtel Kenya targets unbanked population with free transactions, expanded services
In its strategy, the telco has maintained a free Airtel-to-Airtel transaction cost, with their customers set to receive a cashback offer on all transaction fees as airtime when using Airtel Paybill services, while those withdrawing from agents will get their withdrawal fees refunded as airtime....
CBK to penalise banks for non-compliance with lending guidelines
In its first Monetary Policy Committee (MPC) meeting of the year, CBK lowered the Central Bank Rate (CBR) to 10.75% from 11.25%, a 50-basis point reduction, aimed at encouraging banks to reduce borrowing costs.
KRA recovers Ksh.4.3 billion from over 800 anonymous tips on tax evasion
Speaking at a public forum hosted by Bunge La Mwananchi at Nairobi’s Jevanjee Gardens, Muriithi urged Kenyans to continue reporting tax evaders using KRA’s anonymous portal, emphasizing that collective vigilance is key to curbing revenue losses.
No more tax on Kenyans’ payslips, CS Mbadi vows
Mbadi who has been keen on communicating the government expenditure took the heat for the government's continued raid on the payslip.
Over 5,000 Kenyans lost jobs, 57 companies declared redundancies since 2022 - Report
FKE says this could lead to social unrest as more salaried Kenyans feel disgruntled under mounting pressure to sustain their livelihoods with diminishing take-home pay.The employers warn that Kenyans' take-home pay has been reduced to below the recommended one-third.
More pain for Kenyans as Gov’t prepares to raid payslips again in February
These amendments, effective from December 27, 2024, have introduced revisions to key tax laws, including the Income Tax Act, VAT Act, Excise Duty Act, Miscellaneous Fees and Levies Act, and the Tax Procedures Act.
Kenya's economy slows down to 4%
The latest data from KNBS shows the economy contracted by 2% compared to the 6% growth reported in the same period in 2023.KNBS Director of Population and Social Statistics Abdulkadir Awes attributed the slowdown to a decline in growth across most sectors of the economy....
Gov't lists new measures for LPG traders
Among them is a regulation that will see refilling LPG cylinders restricted between 6:00 am and 6:00 pm unless otherwise authorized by the Energy and Petroleum Regulatory Authority (EPRA).
IMF distances itself from tax hikes by Kenya Gov’t
Clarke, who held meetings with the President, the Treasury CS, and the CBK Governor, said the Kenyan authorities requested the institution help in a governance diagnostics.On the recent criticism of IMF engagement with Kenya, and in an effort to set the record straight, the body distanced itself fro...
Air operators warn of negative economic impact from proposed tax reforms
The air operators warned that the changes will lead to increased operating costs. For instance, the imposition of a 16 percent VAT on imported aircraft, spare parts, and related services will significantly increase operational expenses.