KRA to Unveil New Second-Hand Car Tax Template by July
The Kenya Revenue Authority (KRA) will publish a new valuation template for taxing imported second-hand cars by July 2025. The move follows mounting concerns...
Top Banks Earn Sh61B More in High-Interest Rate Boom
Kenya's top nine tier I banks earned Sh61 billion more from lending in 2024, boosted by high interest rates that widened their margins despite...
Kenya Unveils eRITS to Boost Rental Tax Compliance and Expand Revenue Base
The National Treasury’s Principal Secretary, Dr. Chris Kiptoo, today launched the Electronic Rental Tax Information System (eRITS), a digital platform designed to enhance rental...
Standbic Bank Kenya to Join China’s CIPS in Strategic Pivot Toward Yuan Transactions
Stanbic Bank Kenya’s parent company, Standard Bank Group, is set to join China’s Cross-Border Interbank Payment System (CIPS) by the end of 2025 in...
American Investors Extorted in Kenya’s Tender System, U.S. Reveals
The U.S. has once again criticized Kenya over widespread corruption in public procurement, accusing officials of extorting American firms seeking government tenders.In its 2025...
