President William Ruto called for global debt reforms at the Fourth Financing for Development (FfD4) Summit in Seville, Spain on June 30, advocating for public debt to be viewed as a development tool for developing nations.

• Ksh16.484 billion ($126.8 million) loan secured from IFAD for Kenya’s environmental program.
• President Ruto emphasized the need for fair and responsible lending practices for African economies.
• He proposed the establishment of an African Credit Rating Agency to ensure accurate credit assessments and lower borrowing costs.

The High Court has suspended the Kenya Revenue Authority's (KRA) new Current Retail Selling Price (CRSP) schedule for used motor vehicles until further notice, blocking its implementation set for July 1, 2025.

• The court's interim orders will keep the revised price list on hold until a hearing on July 17.
• The petitioner argues the new schedule was introduced without sufficient public participation, breaching Article 10 and Article 201 of the constitution.
• KRA had claimed the changes were made following extensive stakeholder engagement, prompting legal demands for transparency in the consultation process.

The Kenya Revenue Authority (KRA) has announced a 24-hour extension for tax filing, allowing Kenyans until midnight on Tuesday, July 1, 2025, to complete their returns due to technical issues with the iTax system.

• Deadline extended from midnight June 30 to midnight July 1, 2025
• Organization involved: KRA
• KRA contact center services will be available from 7am to 8pm, and tax offices will operate from 8am to 8pm on the extended filing day