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KRA Board Removes Wattanga, Appoints Nyawanda as Acting Commissioner General
The Kenya Revenue Authority (KRA) Board has decided not to renew Humphrey Wattanga's contract, removing him as Commissioner-General just four months before his term was set to end. The tax agency announced Wattanga will proceed on terminal leave immediately. In response, KRA appointed Lilian Nyawanda as Acting Commissioner General to succeed Wattanga. Meanwhile, former KRA Commissioner General Humphrey Wattanga has been nominated as Kenya's High Commissioner to South Africa following his exit from the tax authority. This appointment is part of a series of diplomatic nominations announced by President William Ruto.
CBK Holds Rate at 8.75% as World Bank Lowers Sub-Saharan Africa Outlook
The Central Bank of Kenya (CBK) has maintained its benchmark interest rate at 8.75 percent, citing escalating global risks stemming from the ongoing conflict in the Middle East. This decision comes as the World Bank has downgraded its 2026 economic growth projection for sub-Saharan Africa by 0.3 percentage points, citing increasing geopolitical risks and global shocks. Additionally, the Energy and Petroleum Regulatory Authority (EPRA) is threatening severe penalties including hefty fines and license revocation against oil marketing companies accused of hoarding fuel and overcharging customers.
