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Government Announces KPA Tariff Hike, KRA Tax Exemption, and Ksh175.75B Bond for JKIA - August 2025
The Kenya Ports Authority (KPA) has announced an increase in tariffs for services at the Port of Mombasa, set to take effect from September 15, 2025. Separately, the Kenya Revenue Authority (KRA) announced significant tax exemptions on gratuity payments for certain employees, effective July 1, 2025, as introduced through the Finance Act, 2025. Additionally, Kenya plans to fund the Jomo Kenyatta International Airport (JKIA) expansion by issuing a Ksh175.75 billion ($1.36 billion) securitised bond next month. This funding strategy leverages the airport's revenues to attract investment rather than relying on traditional sovereign debt.