The Kenya Bankers Association (KBA) has urged the government to implement a 5% reduction in Pay As You Earn (PAYE) taxes across all income brackets. This move is projected to save salaried Kenyans approximately Sh28 billion, boosting disposable incomes amidst high living costs and rising deductions.

• The proposed 5% PAYE cut is expected to return around Sh28 billion to salaried workers, translating to about Sh42 billion in additional GDP output.
• Raimond Molenje, CEO of KBA, stated this reduction would act as a "powerful economic stimulus," directly benefiting workers and driving broad economic growth.
• While the government, led by President William Ruto and Treasury Cabinet Secretary John Mbadi, has proposed targeted relief for lower-paid workers, KBA advocates for broader cuts to offset cumulative deductions like the National Social Security Fund (NSSF).

Kenya is launching a National Carbon Registry to bolster its climate finance infrastructure and enhance participation in global carbon markets. This new system aims to provide a transparent and verifiable platform for tracking carbon credits.

• The registry will register, track, authorize, and report carbon credits from activities like forestry and renewable energy, preventing double counting.
• The State Department for Environment and Climate Change introduced the registry to align Kenya with Article 6 of the Paris Agreement.
• Over 80 carbon project proposals were submitted prior to the registry's launch, indicating significant interest in Kenya's carbon market.

The National Treasury projects Kenya could earn between Sh136 billion and Sh371 billion from proposed oil development in Blocks T6 and T7 over the project's lifespan. Cabinet Secretary for the National Treasury, John Mbadi, assured lawmakers the development would not create public debt for the government.

• Kenya stands to earn between USD 1.05 billion (Sh136 billion) at $60 per barrel and USD 2.9 billion (Sh371 billion) at $70 per barrel.
• Cabinet Secretary for the National Treasury, John Mbadi, clarified that the Financing of exploration, development, and production remains the sole responsibility of the contractor.
• Contractors have requested fiscal concessions totaling USD 1.331 billion (Sh173 billion), which, if granted, would reduce the Government's net cash flow from USD 3.485 billion to USD 1.047 billion at a base oil price of $60 per barrel.