Kenya MP panel backs halving of fuel tax after angry protests

By Duncan Miriri NAIROBI, Sept 20 : A group of Kenyan lawmakers on Thursday backed a plan by President Uhuru Kenyatta to halve a new value added tax on petroleum products, easing pressure on his government from outraged Kenyans struggling with a squeeze on living standards. The government has faced a fuel dealers’ strike, anger […]

Kenyan president proposes tax hike on money transfer services

By George Obulutsa and Humphrey Malalo NAIROBI, Sept 19 : Kenya’s president has proposed hiking taxes on mobile money transfer services and other money transfer services, documents sent to parliament this month showed, amid a tussle in government over how to boost revenues without hurting the poor. Uhuru Kenyatta proposed increasing the excise duty on […]

IMF says Kenya’s external position is strong as standby deal expires

By Duncan Miriri NAIROBI, Sept 14 : The International Monetary Fund considers that Kenya’s external position is strong, its representative in Nairobi said on Friday, adding that the Fund would continue to support its reform efforts even though a stand-by loan deal has expired. Kenya had secured a six-month extension in March of the $989.8 […]

IMF says Kenya’s external position is strong as stand-by deal expires

By Duncan Miriri NAIROBI, Sept 14 : The International Monetary Fund considers that Kenya’s external position is strong, its representative in Nairobi said on Friday, adding that the Fund would continue to support its reform efforts even though a stand-by loan deal has expired. Kenya had secured a six-month extension in March of the $989.8 […]

Kenya economic growth to be curbed by new tax on fuel -industry

By Duncan Miriri NAIROBI, Sept 7 : Kenya’s economic growth momentum for this year could be snuffed out if a widely unpopular 16 percent Value Added Tax on fuel is maintained, the country’s chamber of commerce said on Friday, pointing at higher prices of goods and transport. The tax, which came into force on Sept. […]

Kenyan officials cleared of extortion charges against Okeyo

By Mitch Phillips LONDON, Sept 6 : Former senior Kenyan athletics official David Okeyo, who was last week banned from the sport for life for siphoning sponsorship funds, has been cleared a extorting money from athletes in exchange for lighter sentences in doping cases. Okeyo, a former Secretary-General and Vice President of Athletics Kenya (AK) […]