Kenya’s debt has remained sustainable, but with elevated risks of debt distress due to persistent global shocks that adversely affect the liquidity ratios. The depreciation of Kenya shilling against major currencies and the rise of interest rates have elevated the cost of debt service. Further, the depreciation of the currency has increased the size of […]
In a world often shaped by conventional norms and expectations, there are individuals who defy the odds, break through barriers and pave the way for others to follow. Sandra Ochola is one such remarkable individual-a trailblazer whose journey embodies resilience, passion and a relentless commitment to effecting meaningful change. From qualifying as an Advocate of […]
As we crawl towards the final leg of the fiscal year 2022/2023, the National Treasury tabled the Finance Bill, 2023 (the Bill) before the National Assembly on Thursday, 4 May 2023. The Bill proposes a raft of tax changes that are geared towards expanding the tax base and raising revenues to meet the government’s ambitious […]
The new NSSF rates will be 12% of the pensionable wages contributed equally by both the employer and the employee (each 6%). According to the NSSF Act, the Upper Earning Limit (UEL) is for employees who earn Ksh. 18,000 and above, while the Lower Earning Limit (LEL) is for those who earn below Ksh. 6,000. […]
According to the monetary policy committee, the country has recently registered inflation of 9% which has been the lowest in the past five months. The decline in inflation spearheads glimmering economic recovery through ease of cost of living which has been glaring over the past years. However, the adverse effect of inflation over the past […]