Topic: East African Community
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Cancel customs bonds promptly to avoid penalties in regional trade, advises PwC
Jan 21, 2025 at 09:37 PM
Kenyan businesses engaged in cross-border trade within the East African Community (EAC) risk penalties and legal complications if they fail to cancel customs bonds promptly after m...
Proposed 15 per cent tax on social media, internet services could hit Kenya's digital economy
Nov 15, 2024 at 10:31 AM
The Kenyan government’s recent proposal to impose a 15 per cent tax on social media and internet services could dramatically affect both individuals and businesses involved in on...
Taxpayers’ Day: Ruto celebrates Kenya's economic gains, compliance milestones
Nov 01, 2024 at 09:45 PM
Kenya’s economy is turning a corner with a steady drop in inflation and a strengthened currency, President William Ruto revealed in a significant address on Taxpayers’ Day at S...
Ruto seeks to strengthen Kenya-China ties as he attends FOCAC Summit
Sep 02, 2024 at 05:54 PM
President William Ruto has arrived in Beijing to attend the 9th Forum on China-Africa Cooperation (FOCAC) Summit, a significant event aimed at fortifying the relationship between A...
Local edible oil manufacturers cry foul over Govt's new 10 per cent tax
Aug 01, 2024 at 01:53 PM
Edible oil manufacturers are up in arms over a newly imposed 10 percent import duty on crude palm oil, a key ingredient in the production of cooking oil and other household staples...
Ruto appoints 4 Raila men, returns 5 allies in final batch of cabinet nominees
Jul 24, 2024 at 02:09 PM
In a bold and strategic move, President William Ruto has completed the formation of his Cabinet with the nomination of new Cabinet Secretaries (CSs), adhering to the legal requirem...
Travellers grin as Kenya increases duty-free allowance on goods fourfold
Jul 15, 2024 at 03:19 PM
The East African Community (EAC) has implemented a significant increase in the duty-free allowance for personal effects entering Kenya....
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Uganda-Kenya dairy trade tensions simmer despite recent presidential pacts
Jun 21, 2024 at 02:09 AM
Trade relations between Uganda and Kenya have encountered fresh challenges despite recent pledges by Presidents Yoweri Museveni and William Ruto to strengthen bilateral ties....
What Kenyans should expect in proposed national budget taxation changes
Jun 14, 2024 at 06:20 PM
In a move set to impact Kenyans amidst the rising cost of living, the latest budget proposals reveal significant changes to taxation policies, aimed at addressing various socio-eco...
KNCCI, Cereal Growers Association raise concerns over new export levy by AFA
May 31, 2024 at 11:59 AM
The Kenya National Chamber of Commerce and Industry (KNCCI) and the Cereal Growers Association (CGA) have voiced significant concerns over the recent imposition of a 0.3 per cent l...
Kenya approves 8 firms to import industrial sugar for EAC production boost
May 01, 2024 at 03:28 PM
Kenya has green-lit the importation of 43,000 metric tonnes of sugar by eight firms under the East Africa Community (EAC) tax scheme, aimed at fostering industrial production withi...
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...
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...
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....
