Topic: EAC
Kenyan transporters up in arms over enforcement of EAC Vehicle Load Act
Mar 11, 2024 at 01:40 PM
Transporters and shippers in Kenya are at loggerheads with the government over the implementation of the East African Community (EAC) Vehicle Load Control Act, 2016....
CMA opens up regional bond issuance for Kenyan companies
Mar 11, 2024 at 11:20 AM
The Kenyan Capital Markets Authority (CMA) has ushered in a new era for capital raising in East Africa with the introduction of regional bonds. These innovative financial instrumen...
East African Cables to offload Tanzanian subsidiary stake in restructuring move
Mar 07, 2024 at 03:35 PM
East African Cables has announced that it will be exiting the Tanzanian market through the sale of its 51 per cent stake in East African Cables Tanzania Limited....
SHEAFRA: EAC addresses wild reports of creation of a single East African currency
Mar 04, 2024 at 01:48 PM
The East African Community (EAC) has come out to deny reports circulated online by a pseudo account on X (formerly Twitter) of the creation of a single regional currency....
UK challenges Kenya on move to hike tariff on its products against their EPA
Jan 29, 2024 at 02:54 PM
United Kingdom (UK) has officially filed a complaint over the higher import duty charged by Kenya on its whiskies and vehicles among other products from the European country....
State pledges overhaul of taxation system to boost local manufacturing
Jan 26, 2024 at 12:39 PM
The Principal Secretary for the State Department of Industry, Juma Mukhwana, has declared the government's unwavering commitment to restructuring the taxation system, with a focus ...
EPRA becomes local issuer of I-REC(E) for Kenyan renewable energy companies
Jan 23, 2024 at 03:52 PM
The Energy and Petroleum Authority (EPRA) has been designated by the International Tracking Standard Foundation (I-Track) as the local issuer of the I-REC(E) to Kenyan renewable en...
Boost for tax compliance as KRA receives additional Sh12.9 billion funding for 2024
Jan 10, 2024 at 11:34 AM
The Kenya Revenue Authority (KRA) is gearing up for a major push on tax compliance and broadening the tax base, fueled by a 12.9 billion-shilling boost to its coffers....
KRA unveils stringent declaration requirements for arriving travellers
Dec 20, 2023 at 07:35 PM
The Kenya Revenue Authority (KRA) has rolled out a comprehensive list of items that individuals entering Kenya must declare, signalling a robust effort to enhance customs complianc...
Somalia formally joins EAC bloc sparking regional integration
Nov 24, 2023 at 08:24 PM
In a significant development, Somalia has been officially admitted to the East African Community (EAC), joining the ranks of Kenya, Burundi, the Democratic Republic of the Congo, R...
Kenya faces billions in losses as East African nations shift oil trade alliances
Nov 22, 2023 at 05:17 PM
Kenya stands on the brink of losing substantial revenue in the oil trade as landlocked East African nations express hesitance towards importing fuel through Kenyan channels....
Why Kenya has temporarily halted export by sea of a variety of avocados
Nov 01, 2023 at 12:47 PM
In an effort to safeguard its thriving avocado export industry, the Kenyan government has made the decision to temporarily suspend the sea export of certain avocado varieties, incl...
KQ to expand Nairobi–New York route as travel demand surges for festive season
Oct 31, 2023 at 07:05 PM
Kenya Airways has announced its plans to introduce daily flights on the Nairobi–New York route, starting from December 1....
Governors Nyong'o and Barasa challenge AFCON 2027 venue selection in Kenya
Oct 02, 2023 at 02:17 PM
Kisumu Governor, Peter Anyang' Nyong'o, and Kakamega Governor, Ferdinand Baraza, have jointly expressed their concerns regarding the choice of host cities for the Africa Cup of Nat...
Kenyans facing 18 per cent VAT increase as Govt considers more fiscal changes
Sep 14, 2023 at 12:27 PM
Kenyans are bracing for an impending tax hike, as the National Treasury of Kenya unveils plans to increase the Value-Added Tax (VAT) on products and services to 18 per cent....
Kenya customs implements new valuation guidelines for used motor vehicles
Sep 01, 2023 at 06:09 PM
The Kenya Revenue Authority (KRA) is set to implement a significant change in the valuation parameters for used motor vehicles, following President William Ruto's directive issued ...
Vehicle importers protest 35 per cent duty increase through EAC, term it illegal
Jul 17, 2023 at 04:12 PM
The Car Importers Association of Kenya has raised strong objections to the recent decision by the East African Community (EAC) to increase the import duty on motor vehicles to 35 p...
Kenyan car buyers hit hard as EAC okays 35 per cent import duty hike on vehicles
Jul 04, 2023 at 11:43 AM
Kenyan car buyers are facing a major setback as the East African Community (EAC) approves a 35 per cent increase in import duty on motor vehicles....
East African Cables also obtains court injunction blocking Equity Bank takeover
Jun 20, 2023 at 02:05 PM
East African Cables (EAC) has obtained a court injunction in a bid to bar Equity Bank from appointing an administrator to take over its operations over its non-performing loan....
William Ruto urges COMESA states to embrace systemic shift in trade approach
Jun 09, 2023 at 09:13 AM
President William Ruto delivered a compelling address at the 22nd COMESA Summit of Heads of State and Government in Lusaka, Zambia, on Thursday....
