Nchi ya Cameroon kuandaa uchaguzi mkuu tarehe 12 Oktoba

Economy is strong but banks are blocking benefits, KRA chair says

Kenya Revenue Authority (KRA) Chairperson Ndiritu Muriithi has accused commercial banks of undermining economic growth by not lowering lending rates despite reduced inflation, preferring to lend to the government instead of the private sector.

World Bank's Advisory to Govt to Raise Taxes Sparks Outrage

The World Bank's advisory to Kenya to consider raising consumption taxes, including excise duty and VAT, has ignited widespread criticism. Lobby groups and citizens warn these measures could worsen the ongoing cost-of-living crisis, with the World Bank linking the proposal to Kenya's rising pending bills, which reached Ksh526 billion by June this year.

KRA collects record Sh85.2bn in customs taxes in September

The Kenya Revenue Authority (KRA) collected a record Sh85.2 billion in customs revenue in September, driven by higher petroleum and trade taxes. This marks a significant achievement for the agency, surpassing previous records and exceeding its target for the month.