Kepha Muiruri

Investors in February's infrastructure bond minted Sh2.7 billion in profits across seven months by selling the paper in the secondary market, picking up a premium driven by demand from buyers.

Wine prices are expected to rise while the cost of beer would fall under new proposals by the National Treasury, which has set excise duty on beverages based on their respective alcohol content by volume.

The infrastructure bonds (IFBs) have been tax-free since they were first issued in February 2009.

CBK cut its benchmark lending rate last month from 12.75 percent to a flat 12 percent, in a move aimed at restoring the demand for credit in the economy.

Presently, the workers get a tax relief equivalent to 15 percent of their housing and SHIF contributions, which is smaller compared to the proposed regime where they are first deducted from gross...

NSE foreign portfolio flows remain negative at an outflow position of Sh429.2 million on a year-to-date basis.

The World Bank reckons that the domestic consumers could be forced to pay more should the large consumers migrate to the new entrants.

The International Monetary Fund (IMF) has warned Kenya against cuts to key spending areas as it pushes for new tax measures as the best route towards fiscal consolidation.

Commercial banks have borrowed from the Central Bank of Kenya (CBK) emergency discount window to fund purchases of government securities as they

Kenya has had access to various forms of financing from the IMF since 1975 including standby arrangements (SBAs) and standby credit facilities (SCFs).