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Treasury CS Mbadi Clarifies Mobile Phone Tax Reform To Simplify, Not Add Burden

Treasury Cabinet Secretary John Mbadi clarified that a proposed 25% excise duty on mobile phones is intended to simplify existing taxes, not introduce a new burden. The Kenya Association of Manufacturers had warned that Finance Bill 2026 could significantly increase production costs for the industrial sector by altering tax and levy structures. Parliament is concluding public participation hearings on Kenya's Finance Bill 2026 today, May 25, after stakeholders and the public submitted proposals on new tax measures for the 2026/27 fiscal framework.

Mbadi Says Proposed Mobile Phone Tax Reform To Streamline, Not Raise Burden

Mbadi Says Proposed Mobile Phone Tax Reform To Streamline, Not Raise Burden

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Capital Business•9h ago
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Manufacturers flag potential cost pressures in Finance Bill 2026 proposals

Manufacturers flag potential cost pressures in Finance Bill 2026 proposals

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Capital Business•3h ago
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Parliament to conclude Finance Bill 2026 public hearings as submissions deadline lapses

Parliament to conclude Finance Bill 2026 public hearings as submissions deadline lapses

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KMRC Sh3bn green bond lists at NSE after 312.8pc oversubscription
business6h ago

KMRC Sh3bn green bond lists at NSE after 312.8pc oversubscription

The Kenya Mortgage Refinance Company (KMRC) has successfully listed its Sh3 billion green and sustainability-linked bond at the Nairobi Securities Exchange (NSE). The bond was significantly oversubscribed, highlighting strong investor interest in ESG-labelled debt within Kenya's capital markets.

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Bankers Warn Proposed Mobile Money VAT Could Shrink Tax Base
business3h ago

Bankers Warn Proposed Mobile Money VAT Could Shrink Tax Base

Kenya's banking sector is strongly opposing a proposed 16 percent Value Added Tax (VAT) on mobile money and digital payment fees, warning it could negatively impact financial inclusion and tax revenues.

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Manufacturers flag potential cost pressures in Finance Bill 2026 proposals
business3h ago

Manufacturers flag potential cost pressures in Finance Bill 2026 proposals

The Kenya Association of Manufacturers (KAM) has warned that the proposed Finance Bill 2026 could significantly increase production costs for the industrial sector by altering tax and levy structures.

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Mbadi Says Proposed Mobile Phone Tax Reform To Streamline, Not Raise Burden
business9h ago

Mbadi Says Proposed Mobile Phone Tax Reform To Streamline, Not Raise Burden

Kenya's Treasury Cabinet Secretary John Mbadi clarified that a proposed 25% excise duty on mobile phones is intended to simplify existing taxes, not introduce a new burden.

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Visa report flags AI-powered scams as biggest threat to digital payments
business7h ago

Visa report flags AI-powered scams as biggest threat to digital payments

A new report by Visa has identified AI-powered scams as the biggest threat to digital payments, with criminals increasingly exploiting human trust rather than technical systems.

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Kenya eyes 300,000 Ugandan tourists in 2026 on improved air links
business7h ago

Kenya eyes 300,000 Ugandan tourists in 2026 on improved air links

Kenya anticipates a significant boost in tourism from Uganda, aiming to welcome 300,000 Ugandan visitors by 2026. This target is driven by enhanced air connectivity and a growing demand for regional travel.

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Five Kenyan Universities Eye EU Academic Corridor Under Romania Pact
business10h ago

Five Kenyan Universities Eye EU Academic Corridor Under Romania Pact

Five Kenyan universities are set to establish East Africa's first structured Kenya-Romania European Union academic corridor, enhancing academic links with Europe through a partnership with Danubius International University.

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Parliament to conclude Finance Bill 2026 public hearings as submissions deadline lapses
business10h ago

Parliament to conclude Finance Bill 2026 public hearings as submissions deadline lapses

Parliament is concluding public participation hearings on Kenya's Finance Bill 2026 today, May 25, after stakeholders and the public submitted proposals on new tax measures for the 2026/27 fiscal framework.

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Why more young Kenyans are turning sports betting into a lifestyle business
business3d ago

Why more young Kenyans are turning sports betting into a lifestyle business

Young Kenyans are increasingly integrating sports betting into their entertainment routines, transforming their engagement with sports like football and social interactions.

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KQ wants MPs to reject Bill to regulate import of strategic goods
business1d ago

KQ wants MPs to reject Bill to regulate import of strategic goods

Kenya Airways is urging Members of Parliament to reject the government's Strategic Goods and Control Bill, warning it could lead to significant flight delays and cancellations.

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High Court Blocks Disposal of Two Rivers Mall Pending Arbitration
business2d ago

High Court Blocks Disposal of Two Rivers Mall Pending Arbitration

The page requested from Capital Business could not be found, indicating a broken link or a moved page. The site offers news on Kenya, Economy, Tech, and other sections.

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To what degree can universities alone save Africa?
business2d ago

To what degree can universities alone save Africa?

African universities are struggling to meet the overwhelming demand from the continent's rapidly growing youth population, highlighting a critical imbalance between higher education capacity and societal expectations.

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KAA to pay contractor Sh75 million in 'tainted' airport tender
business2d ago

KAA to pay contractor Sh75 million in 'tainted' airport tender

The High Court has ordered the Kenya Airports Authority (KAA) to compensate a contractor Sh75 million for work completed on the stalled Mandera-Wargadud Airport project, while upholding the authority's decision to terminate the contract due to fraud allegations.

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Kenya Railways in Sh173bn row over cargo containers
business2d ago

Kenya Railways in Sh173bn row over cargo containers

Kenya Railways Corporation is in a Sh173 billion dispute with ATI Freight Kenya Limited over unpaid freight charges, demurrage fees, and the commercial use of 250 cargo containers.

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Workers' purchasing power drops 12pc in five year
business2d ago

Workers' purchasing power drops 12pc in five year

Kenya's workers are experiencing a significant drop in purchasing power, estimated at 12% over the last five years due to rising taxes and the high cost of living.

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Africa seeks bigger stake in global AI economy at Soft Power Summit
business3d ago

Africa seeks bigger stake in global AI economy at Soft Power Summit

At the Africa Soft Power Summit 2026, leaders discussed how Africa can gain a larger share of the global AI economy, moving beyond being just a consumer market.

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Africa set for locally made vaccines from 2027 under Gavi plan
business2d ago

Africa set for locally made vaccines from 2027 under Gavi plan

Gavi, the Vaccine Alliance plans to invest $189 million in a new initiative to boost local vaccine manufacturing in Africa. Locally produced vaccines are anticipated to be available starting in 2027.

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Ride-hailing users to pay more as Ruto orders minimum Uber, Bolt fares
business3d ago

Ride-hailing users to pay more as Ruto orders minimum Uber, Bolt fares

Ride-hailing users in Kenya will soon face higher fares following a directive from President William Ruto to implement minimum fare regulations for platforms like Uber and Bolt.

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Proposed Tobacco Law Could Cost Kenya Sh12bn, BAT Kenya Warns
business3d ago

Proposed Tobacco Law Could Cost Kenya Sh12bn, BAT Kenya Warns

BAT Kenya has warned that proposed amendments to Kenya's tobacco control laws could result in a Sh12 billion annual revenue loss for the government and jeopardize over 100,000 livelihoods.

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The Rise of AI-Powered Decision Making in Forex Market Analysis
business3d ago

The Rise of AI-Powered Decision Making in Forex Market Analysis

Artificial intelligence (AI) 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.

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Africa urged to fix logistics gaps to unlock markets for smallholder farmers
business3d ago

Africa urged to fix logistics gaps to unlock markets for smallholder farmers

Agricultural experts, lenders, and corporate executives are urging increased investment in rural logistics and transport systems across Africa, highlighting that inadequate infrastructure hinders smallholder farmers from accessing profitable markets.

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Ruto promises urgent minimum fare rules for ride-hailing taxis amid fuel crisis
business3d ago

Ruto promises urgent minimum fare rules for ride-hailing taxis amid fuel crisis

President William Ruto has promised the urgent implementation of minimum fare rules for ride-hailing taxis to protect operators from the current fuel crisis.

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Safaricom pledges Sh114m to Rhino Charge conservation drive
business3d ago

Safaricom pledges Sh114m to Rhino Charge conservation drive

Safaricom and the M-PESA Foundation have pledged a significant Sh114 million towards the 2026 Rhino Charge Challenge, bolstering conservation efforts in Kenya.

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Consolidated Bank wins more business on Mbadi directive
business3d ago

Consolidated Bank wins more business on Mbadi directive

The Kenyan government, through a directive from Treasury Cabinet Secretary John Mbadi, is channeling more business to the Consolidated Bank of Kenya to bolster its role in financing development projects.

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Industrial firms struggle to turn AI ambitions into real-world gains, report shows
business3d ago

Industrial firms struggle to turn AI ambitions into real-world gains, report shows

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.

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Finance Bill, 2026: The phone tax dropped in 2024 reintroduced
business3d ago

Finance Bill, 2026: The phone tax dropped in 2024 reintroduced

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.

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Resolving Kwale Sugar Woes Would Prove Dangote Right – Lifting Jobs and Unlocking Foreign Capital
business4d ago

Resolving Kwale Sugar Woes Would Prove Dangote Right – Lifting Jobs and Unlocking Foreign Capital

The unresolved land dispute at Kwale International Sugar Company Limited (KISCOL) threatens to derail a major agricultural investment, highlighting the importance of domestic investor confidence in attracting foreign capital, as emphasized by industrialist Aliko Dangote.

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Rent vs Income: Kenya’s Housing Squeeze Is Reshaping Urban Life
business3d ago

Rent vs Income: Kenya’s Housing Squeeze Is Reshaping Urban Life

Kenya's urban centers, particularly Nairobi, are experiencing a significant housing squeeze, forcing residents to make difficult choices between rent and income. This trend is reshaping urban living patterns, middle-class aspirations, and city economics.

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Kenya Power earns Sh382m from EV charging infrastructure
business4d ago

Kenya Power earns Sh382m from EV charging infrastructure

Kenya Power has generated Sh382 million in revenue from electric vehicle (EV) charging infrastructure in less than three years, demonstrating rapid growth in this emerging sector.

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Kenya Power e-mobility Hits Sh382 Million on Accelerated Adoption
business4d ago

Kenya Power e-mobility Hits Sh382 Million on Accelerated Adoption

Kenya Power has announced its e-mobility revenues have surged to Sh382 million, driven by a significant increase in electric vehicle (EV) adoption and electricity sales.

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