Author: David Indeje

Kenya’s central bank has unveiled the country’s new generation coins that will be in circulation beginning Tuesday. President Uhuru Kenyatta and the Central Bank of Kenya Governor Dr. Patrick Njoroge unveiled the new currency as stipulated under the 2010 Constitution. “The new coins bear a significant aspect of our nation, and therefore will serve as a means of passing knowledge, conserving culture and promoting our global uniqueness. By engraving the selected images in the coinage, an awareness of our country and its characteristics will be revitalized, giving physical expression to a Newly Reborn and Prosperous Kenya,” said Dr. Njoroge. The…

A regional Clearing Agents Framework will facilitate free trade and industrialisation will enhance trade facilitation and border control within the East African Community. This is according to Mr. John Njiraini, Commissioner General at Kenya Revenue Authority (KRA)  also emphasised that the harmonization of customs systems will ease sharing, exchange of information and harmonization of business processes. “We should have Information Systems compatibility to give us visibility of across the systems platforms to monitor and track the goods declaration and clearance processes across our borders,” Njiraini said. The Commissioner-General said the use of Regional Electronic Tracking System (RECTS) as a step…

Kenya’s private sector expanded at a slower pace in November at 53.1 in November compared with October’s 54.0. The Markit Stanbic Bank Kenya Purchasing Managers’ Index(PMI) for manufacturing and services fell to 53.1 in November from 54.0 the previous month. A reading above 50.0 marks growth. “Despite the Stanbic PMI dipping slightly in November, purchasing activity remains solid,” said Jibran Qureishi, regional economist for East Africa at Stanbic Bank. Besides, the output and new orders rose at a softer pace and export demand growth was the weakest in ten months. “The level of growth remained solid with anecdotal evidence showing…

In Kenya, a tax compliant certificate is issued by the Kenya Revenue Authority (KRA) upon request by a taxpayer as proof of his or her compliance with remittances within a 12-month period. Personal income tax returns are due 30 June following the end of the tax year, with any balance of tax due by 30 April. KRA administers different types of taxes under different Laws (Acts) such as Income Tax, Value Added Tax, Custom duties and Excise Tax among many others. Hence, KRA is supposed to ensure taxpayers comply with the respective tax laws. As a result, both direct and indirect…

“No one is immune from HIV. Not you, not me—irrespective of whether you are rich or poor. But we can protect ourselves and our loved ones. And we can show compassion for all people living with HIV,”  UNAIDS Executive Director, Michel Sidibé. Saturday, December 1, 2018, will be a day many will be refreshing their collective memories about the prevalence of the scourge amongst us and an eye opener of what remains to be done to reduce its incidence. All will be aimed at improving universal access and according to the basic rights of HIV victims while also giving an…

There are two types of charges in form of taxes that Kenyans pay; direct and indirect taxes. Indirect taxes are those charges that you pay when you buy goods and services and they include Value Added Tax (VAT), excise duty, and custom taxes. Direct taxes are the amounts you remit directly to the government as income tax. Income Tax Income tax is the percentage that an individual or business remits directly to government through the Kenya Revenue Authority. The direct tax department of the KRA deals with the income tax that is divided into four categories. Pay As You Earn…