Sh100 billion tax proposal targets Kenya's super-rich

The National Taxpayers Association (NTA) is pushing for a new ‘net worth tax’ on Kenya's super-rich to generate over Sh100 billion in domestic revenue. This proposal, detailed in their report titled The Potential and Justification for Taxing Wealth in Kenya, aims to reduce reliance on national debt.

Debt crisis: Kenya secures another Sh193.8 billion Eurobond

Kenya has secured a new $1.5 billion (Sh193.5 billion) Eurobond, continuing its strategy of borrowing to repay existing debts. This move, announced by the National Treasury, is touted as a demonstration of "managing debt more wisely," despite concerns from economists about merely postponing a deeper fiscal crisis and increasing the nation's overall debt burden.

The Sh100 billion tax proposal targeting Kenya's super-rich

The National Taxpayers Association (NTA) is advocating for the implementation of a ‘net worth tax’ targeting Kenya's wealthiest individuals.

Hackers steal Sh1.59 billion from Kenya bank customers

Revealed: How Sports Kenya spent Sh607 million on ghost stadiums

A parliamentary committee has revealed that Sports Kenya spent Sh607.2 million on feasibility studies and consultancy services for three non-existent stadia in Nairobi, Mombasa, and Eldoret. The projects ultimately never proceeded, raising questions about accountability for the significant expenditure.