Jasmine Wambui
52 Articles
Car prices set to rise as KRA implements new tax schedule
The new pricing, which takes effect on July 1, will impact how taxes are calculated on imported used cars. While the move is expected to drive up showroom prices, both KRA and some industry players say the change is long overdue.
Mauritanian diplomat Sidi Ould Tah elected ninth president of African Development Bank
Tah secured 76.1% of the vote, defeating Zambia’s Samuel Maimbo and Senegal’s Amadou Hott.Sidi Tah’s election is seen as a testament to his diplomatic acumen, leveraging Mauritania’s networks and the backing of Saudi Arabia and the Arab League.
Employers sound alarm over 'unattractive' investment environment in Kenya
During its 66th annual general meeting, FKE laid bare the pressures facing businesses, warning that the country is losing its edge to regional competitors.At the heart of the concerns is the growing operating burden on employers, driven by statutory deductions su...
Kenya’s super rich ditch glamour homes for ventures in energy, tech
The report shows that the growth in number and wealth of the very rich tapered significantly in 2024. A majority of wealth managers reported an increase of less than 10 percent in high-net-worth-individuals heading into 2025.
60% of alcohol sold in Kenya is illicit - Report
This is according to a new report conducted by Euromonitor International and commissioned by the Alcoholic Beverages Association of Kenya, which revealed that consumption of unregulated alcohol has risen by 27 percent since 2022.
Kenya eyes nationwide connectivity as Last Mile Project reaches remote communities
Kenya Power and the Rural Electrification and Renewable Energy Corporation (Rerec) are tasked with the implementation of the project.
Finance Bill 2025: Gov't substitutes new taxes for reliefs which could increase cost of consumer goods
The government has for the last few days, been on a campaign that, for the first time, it is introducing a finance bill that introduces no new taxes and is instead keen on tightening tax compliance and sealing revenue leaks.As experts and Kenyans begin to analyse the...
KRA unveils new rental tax system to enhance compliance among landlords
The Electronic Rental Income Tax System (eRITS) is expected to enhance efficiency and boost revenue collection in the real estate sector.The newly launched eRITS platform is built on the government’s Gava Connect integration system and is designed to automate tax computation, filing, and payment for...
Gov't to start settling road pending bills over the next one month
Cabinet Secretary for Roads and Transport Davis Chirchir now says that the government will be clearing these bills in full, starting this month.
Kenya Airways posts Ksh.5.4 billion full-year profit
This profit marks a dramatic recovery from the previous year, when the airline made a loss of over Ksh.22 billion. The airline last posted a full-year profit over ten years ago.