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Jimmy Mbogoh

Jimmy Mbogoh

143 Articles
2.4 million Kenyans risk falling into poverty by end of December 2026 - World Bank
July 09, 2026 10:32 (EAT) • 2 weeks ago

2.4 million Kenyans risk falling into poverty by end of December 2026 - World Bank

In its latest edition of the Kenya Economic Update, the World Bank said its microsimulation estimates suggest the poverty rate could increase by between two and 4.5 percentage points in 2026.

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CBK retains lending rate at 8.75% despite rising inflation
June 10, 2026 08:02 (EAT) • 1 month ago

CBK retains lending rate at 8.75% despite rising inflation

According to Central Bank Governor Kamau Thugge, who also chairs the Monetary Policy Committee, the conflict in the Middle East has disrupted global supply chains, leading to higher energy prices and transportation costs, which have in turn pushed up inflation.

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Treasury CS Mbadi now warns Ksh.3.6 trillion revenue target may not be realised
May 28, 2026 04:46 (EAT) • 1 month ago

Treasury CS Mbadi now warns Ksh.3.6 trillion revenue target may not be realised

CS Mbadi, who has on several occasions defended the expansive Ksh.4.8 trillion budget, expressed frustrations with the inflexibility of the budget.Economic experts, however, say there is room for a trade-off that could help the government live within its means.

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Bankers, accountants push for lower PAYE rates in Finance Bill 2026 proposals
May 21, 2026 09:08 (EAT) • 2 months ago

Bankers, accountants push for lower PAYE rates in Finance Bill 2026 proposals

In presentations made by both the KBA and ICPAK, the groups told the committee that a reduction in the marginal PAYE rate and the expansion of PAYE bands would enhance progressive tax collection in line with the government’s policy objectives.

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Finance Bill 2026: Concerns raised over Ksh.100K fines for tax non-compliance
May 13, 2026 08:17 (EAT) • 2 months ago

Finance Bill 2026: Concerns raised over Ksh.100K fines for tax non-compliance

In the bill, the National Treasury is proposing to amend Section 77(2) on the computation of time for lodging objections and appeals.

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Treasury to bring back second-hand clothes tax through amendments, Mbadi says
May 11, 2026 09:33 (EAT) • 2 months ago

Treasury to bring back second-hand clothes tax through amendments, Mbadi says

Mbadi, who was speaking while clarifying proposals in the Bill, said the mitumba tax plan would be brought back through amendments, arguing it was aimed at simplifying taxation in the sector by collecting the levy at the point of entry.

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KRA now seeks powers to use individual data for tax collection
May 08, 2026 07:42 (EAT) • 2 months ago

KRA now seeks powers to use individual data for tax collection

In the Bill, the National Treasury is seeking to amend the Tax Procedures Act to empower the KRA Commissioner to determine the tax liability of a person or persons suspected of having entered into or carried out a tax avoidance scheme.

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Treasury proposes Ksh.4.82 trillion budget for 2026/27 financial year
May 01, 2026 04:48 (EAT) • 2 months ago

Treasury proposes Ksh.4.82 trillion budget for 2026/27 financial year

The National Treasury has presented to Parliament the government’s budget estimates, raising total expenditure to Ksh.4.82 trillion, the highest in the country’s history.The Treasury intends to borrow upwards of Ksh.1.1 trillion, much of it from the domestic market.

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Car prices set to rise as importers decry new taxes imposed by KRA
April 24, 2026 01:37 (EAT) • 2 months ago

Car prices set to rise as importers decry new taxes imposed by KRA

According to the importers, the authority is using the Container Freight Station (CFS) - a secure, off-dock storage facility where imported vehicles are transferred from ships for inspection, customs clearance, and storage before collection - to do “confirmation,” a process that they argue has been...

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Kenya to invest in Uganda's Ksh.500 billion oil refinery
April 23, 2026 10:30 (EAT) • 3 months ago

Kenya to invest in Uganda's Ksh.500 billion oil refinery

The announcement comes on the back of Uganda's efforts to acquire a control stake in the Kenya Pipeline Company (KPC) in the recently concluded privatisation following the government’s divestiture.

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