Finance Bill, 2026: The phone tax dropped in 2024 reintroduced
The government has dropped the provisions that most inflamed protests in 2024. It has found new ones...
✨ Key Highlights
Kenya's Finance Bill, 2026 proposes reintroducing a 25 percent excise duty on mobile phones, a significant increase from previous proposals, and introduces new taxes on digital content earnings.
- A 25 percent excise duty on mobile phones, impacting both imported and locally made devices upon activation.
- Key proposals are part of the Finance Bill, 2026, set to take effect on July 1.
- The bill also includes a five percent tax on digital content earnings and a 20 percent levy on betting winnings.
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Industrial Firms Struggle to Turn AI Ambitions Into Real-World Gains - May 2026
A new report from AVEDA IMD Business School reveals that industrial firms are struggling to translate their ambitions in building AI-powered digital ecosystems into tangible results, primarily due to significant hurdles in data sharing. Separately, artificial intelligence is transforming forex market analysis in Kenya, bridging the gap between retail traders and sophisticated financial institutions by offering advanced, data-driven decision-making tools. Meanwhile, Kenya's Finance Bill, 2026 proposes reintroducing a 25 percent excise duty on mobile phones, a significant increase from previous proposals, and introduces new taxes on digital content earnings.
