Julians Amboko

Kenya now plans to cut domestic borrowing for 2024/25 by 5.9 percent to Sh388.37 billion, pushing it to the lowest point in five years as it looks to push interest rates downwards and stimulate private sector activity.

The Country Manager and East Africa Managing Director of Access Bank Samuel Addae Minta has left the lender, amid an ongoing transaction to buy-out the rival National Bank of Kenya (NBK).

Under this regime, motorists will be expected to key in their KRA personal identification numbers (PINs) to trigger the eTIMS receipt.

Kenya is seeking to diversify its sources of financing after deadly protests forced the government to abandon a raft of tax hikes and delayed disbursements from the IMF.

The KRA is focused on payments being done by businesses for supply of goods and services, consultancy services, commissions and royalties amid concerns of under-declaration.

Kenya Power has resumed paying dividends, ending a six-year drought for shareholders, after the firm posted a net profit of Sh30.08 billion in the year ended June.

The Treasury has further disclosed that it has sought the support of the IMF to provide support in the evaluation of its regulatory framework.

Banks are beginning to lean more towards structured commodity finance solutions, as they look to tap into the country's trade finance gap estimated

CBK published the draft green finance taxonomy in March 2024 to provide a reference point in guiding the country's transition into a green economy as well as catalyse the inflow of green finance by aligning with internationally recognised standards.

Kenya has published regulations that allow private firms to sell electricity directly to consumers, with the government targeting ending the monopoly next year.