Finance
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The Politics and arithmetic during revenue allocation to Counties from National Treasury
Each financial year, the National Assembly enacts the Division of Revenue Act, (DORA). This is the Act that stipulates how…
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Changes to Personal Income Tax – Finance Act, 2023
The Finance Act, 2023 (the Act) was assented to by the President on June 26, 2023.In this alert, we provide…
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Finance Act 2023 to remain suspended – High Court
The High Court has dealt yet another blow to President William Ruto after it stayed orders suspending the Finance Act,…
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Ruto approves Ksh.22.9 billion from Consolidated Fund for additional spending by state
President William Ruto approved the Supplementary Appropriations (No. 2) Bill, 2023 Monday, warranting the additional spending by the National Government…
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ATI offloads Ksh.2. billion worth of shares to Japan’s Export Credit Agency
Japan’s Export Credit Agency, Nippon Export and Investment Insurance (NEXI) is the newest shareholder of the African Trade Insurance Agency…
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Housing Finance launches Ksh.1.4 billion housing project in Kiambu
HF Group’s banking subsidiary HFC has partnered with Kigutha Farmers Limited to add value to the latter’s 58 acres parcel…
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CBK tables report on adoption of digital currency in Kenya
A revolution in technology has been pushing for countries, globally to relook into their currency advancement, over the adoption of…
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Standard Chartered Bank Q1 net profit up 45.7% to Ksh.4 billion
Standard Chartered Bank Kenya saw its quarter one financial gain, when it posted a 45.7 percent increase in net profit…
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Equity Group’s 2023 Q1 profit up 10% to Ksh.16.9 billion
Equity Group Holding posted a 10 percent jump in pre-tax profit to Ksh.16.9 billion on a rising loan book in…
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Kenya receives Ksh.408 billion from AfriExim Bank
Kenya is set to receive Ksh.408 billion loan from the Africa Import and Export Bank (AfriExim) following a deal that…
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