KRA Announces Tax Exemption, CBK Lowers Lending Rate & HELB Introduces New Loan - August 2025

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.