US interest rates drop as Fed gains confidence in inflation control
The Federal Reserve lowered its benchmark interest rate by half a percentage point on Wednesday, marking a significant shift in...
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Government claims KES 211 billion loss if Finance Act 2023 is invalidated
The Kenyan government has sought to overturn a Court of Appeal decision that invalidated the Finance Act 2023, warning that...
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Treasury CS John Mbadi unveils plan to cut VAT to 14% and corporate tax to 25%
Kenya's government has announced plans to reduce key tax rates in the medium term, including cutting Value Added Tax (VAT)...
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Revealed: Why Central Bank paid a German firm KES 14 billion for new banknotes
The Central Bank of Kenya (CBK) has disclosed its decision to award a KES 14.8 billion (€103 million) contract to...
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IMF approves $3.4 billion loan package for Ethiopia
The International Monetary Fund has approved a $3.4bn loan package for Ethiopia, marking a significant step in the country's efforts...
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IMF to reassess Kenya programme amid political turbulence
The International Monetary Fund is set to review its $2.4bn loan programme for Kenya in light of recent political upheaval,...
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