Jimmy Mbogoh
59 Articles
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.
‘No tax relief yet,’ David Ndii hints at tougher times ahead for Kenyans
Ndii noted that as long as Kenya is still in the International Monetary Fund (IMF) programme, cutting taxes will remain a pipe dream.He however pointed out that the government is working on implementing key reforms aimed at spreading the tax burden, which he says curr...
Gov’t seeks to raise Ksh.170B with revival of Finance Bill 2024 provisions
Albert Mwenda, Director General of Budget, Fiscal, and Economic Affairs at the Treasury, noted that the government aims to raise Khs.170 billion these reintroduced measures.Mwenda noted that while this amount won’t fully cover the revenue lost when the Bill was shelved, it will help reduce the fisca...
Safaricom mulls issuance of green bond
As the sustainability conversation takes center stage for business operations in the country, corporations are being forced to diversify their sources of capital to fund impact-related projects.According to Safaricom’s Director of Sustainable Business and Social Impact, Karen Basiye, the market is r...
Gov't pledges reforms to boost business climate in Kenya
Private sector players want the government to streamline the taxation policy for a predictable environment. They also called for the streamlining of business levies to reduce duplication.