Business & Economy3 stories from 1 sources
The Kenyan government's Finance Bill 2026 proposes an 8 percent reduction in input VAT for agricultural exporters, cutting the rate from the current 16 percent to alleviate costs. Separately, the Central Bank of Kenya (CBK) projects a significant increase in the country's foreign exchange reserves to KSh 1.84 trillion. This boost is driven by the proposed partial sale of the government's stake in Safaricom PLC to Vodacom, which aims to increase import cover to 6.2 months. In a regulatory action, the Office of the Data Protection Commissioner (ODPC) confirmed the complete deletion of all biometric data collected from Kenyan citizens by Worldcoin's parent company, Tools for Humanity.