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The Kenya Revenue Authority (KRA) has announced tax exemptions on gratuity payments for certain employees, effective July 1, 2025, as part of changes in the Finance Act, 2025. In a separate move, the Central Bank of Kenya (CBK) has lowered its lending rate, a decision expected to result in cheaper loans for Kenyans as the economy shows signs of recovery. Additionally, the Higher Education Loans Board (HELB) has introduced a new loan facility, the Training Revolving Fund, specifically for civil servants to pursue higher education and advance their professional qualifications.
