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ECONOMY

Kenya is the biggest economy in East Africa and most watched in sub-Saharan Africa, being the regional business hub. BT brings you comprehensive coverage of the various economic sectors.

10 Kenyan Firms Ranked Among Africa’s Fastest Growing Companies

Companies on the list were ranked based on the highest annual compounded growth in revenues (CAGR) between 2017 and 2020.

Vehicles You Can No Longer Import in Kenya – Full List...

The move represents the implementation of the National Automotive Policy aimed at supporting locally assembled and manufactured vehicles.

Kenyans Miss Out on 23.4% Pay Rise as Employers Reject Atwoli...

Workers argue that the sky-rocketing cost of living which has seen prices of key food commodities rise, the fuel shortage, as well as the lingering effects of the pandemic which saw incomes and jobs lost, justify an increase.

Milk Shortage Hits Supermarket Shelves in Kenya

The milk shortage has lasted for several weeks. The situation has driven up prices of the commodity across the country.

Petrol Hits Ksh144 Per Litre as Fuel Shortage Bites

Super Petrol, Diesel and Petrol will go for Ksh144.62, Ksh125.5 and Ksh113.44 respectively in Nairobi. The hike comes amid a massive fuel shortage that has left Kenyans frustrated and slowed down economic activity, in addition to sparking a row between the government and oil marketers on alleged hoarding.

Meet the Kenyan Companies Trooping to DRC in New Wave

At a trade dinner this week hosted by Equity Bank and attended by DRC President Felix Tshisekedi, CEO James Mwangi announced that 26 Kenyan companies had committed to making investments in DRC worth over Ksh184 Billion ($1.6 Billion).  The firms were part of Kenya's delegation in an Equity-led trade mission to DRC last year.

KRA Eyes B*****g Billions With 20% Stake Tax

If Members of Parliament approve it, the excise duty excise duty on cash wagered on betting, gaming, prize competition and buying a lottery ticket would rise from the current 7.5% to 20%.

New Tax Rule Would Cost Keroche Ksh11 Billion

In the Ksh22.9 billion tax dispute between Keroche Breweries and KRA, for instance, Keroche would be required to deposit Ksh11.45 billion in a CBK account.

Uhuru’s Final Budget – Highlights of Ksh3.3 Trillion Plan

Yattani emphasized that the budget was geared to drive accelerated economic recovery from the effects of Covid-19 as well as to protect low and middle income earners in the country.

 KRA’s Eye On Social Media Posts Enhances Tax Compliance

With the proliferation of social media platforms on which most people have had a tendency to share their ‘lavish’ lifestyles, many tax administrations globally have turned to conducting lifestyle audits for such taxpayers in order to determine whether they are tax compliant.