Kenya is at the cusp of a major financial shift. The fast payment system in Kenya, championed by the Central Bank of Kenya (CBK), aims to rival Safaricom’s M‑Pesa by enabling instant, interoperable payments across banks and mobile money platforms. This new real-time system seeks to enhance financial inclusion and foster innovation across the country’s […]
Which counties in Kenya pay the most in taxes? The answer reveals significant economic activity concentrated in a few key counties. According to the Controller of Budget, Kenyan counties generated a record KSh 58.9 billion in own-source revenue during FY 2023/24 — funding essential local services Top 10 Tax-Contributing Counties (FY 2023/24) Rank County OSR Collected (KSh) % […]
KRA targets VAT as top revenue source with a bold digital overhaul aimed at transforming Kenya’s tax landscape. The Kenya Revenue Authority (KRA) is spearheading a tech-driven strategy to make VAT its most dependable and largest collection category—ushering in real-time oversight, fraud prevention, and a broader tax base. What’s Driving the Push At a recent […]
In a bold move to digitize and reform public procurement, the Government of Kenya has allocated Ksh700 million in the 2025/2026 national budget for the implementation of the Electronic Government Procurement (eGP) system. Treasury Cabinet Secretary John Mbadi, while presenting the Ksh4.29 trillion budget in Parliament, confirmed that the funds would support the nationwide rollout […]
With the June 30 deadline looming, the Kenya Revenue Authority (KR has rolled out a new, simplified way to file Nil tax returns—this time through the eCitizen portal. The move marks a significant shift in Kenya’s tax compliance strategy and is designed to ease congestion and digital frustrations commonly experienced during peak filing periods. Previously, […]
In a bold step toward creating a more inclusive and predictable tax ecosystem, the Kenya Revenue Authority (KRA) has entered into a formal collaboration with the Kenya Private Sector Alliance (KEPSA) to strengthen voluntary tax compliance in Kenya. The announcement followed a high-level engagement between the two bodies, held on Thursday, June 12, 2025. According […]
The Kenya Revenue Authority (KRA) has issued a detailed directive to guide business owners on how to exit the VAT Special Table and restore their tax compliance status. The announcement offers a critical lifeline for businesses previously blacklisted for failing VAT requirements, effectively halting operations and blocking access to key tax services. What is the […]
In a surprising turn of events, Elon Musk’s public apology to Donald Trump has created more positive momentum in global markets than the newly announced U.S.-China trade framework. The Tesla CEO’s brief but pointed 15-word statement on Wednesday morning—acknowledging that some of his earlier posts criticizing Trump “went too far”—triggered a market rebound, particularly for […]
