A monumental Sh41.9 billion initiative to transform the historic Bomas of Kenya into a state-of-the-art international convention centre has been heavily censured by the Auditor-General over blatant procurement violations and unbudgeted expenditures. A monumental Sh41.9
The latest audit by Auditor-General Nancy Gathungu indicates that the Talanta Sports City Stadium project construction cost ballooned by KSh10.85 billion over the originally approved funding — rising from KSh35 billion to KSh45.85 billion. The
A recent audit report by Auditor-General Nancy Gathungu has raised serious financial and procurement questions surrounding the construction of the Talanta Sports City Stadium — a planned 60,000-seat mega stadium in Nairobi intended partly for
Kenya has completed a US$2.25Bn (KSh 290.3Bn) Eurobond to refinance near-term maturities, replacing 2028 and 2032 debt with longer-dated amortising bonds in a move Treasury linked to improving investor confidence following a recent sovereign rating
The Kenya Revenue Authority (KRA) has said that it has integrated more than 500 fuel stations into its Electronic Tax Invoice Management System (eTIMS) fuel module, even as new rules on electronic invoicing spark debate among businesses
The Cabinet has approved a Ksh.4.7 trillion budget for the 2026/27 financial year, surpassing the current fiscal year by Ksh.100 billion. In a Cabinet dispatch on Tuesday, the government set a revenue target of Ksh.3.53
The introduction of automated payment plans by the Kenya Revenue Authority represents a pragmatic approach to balancing enforcement with economic realities. Recognising that many businesses face cash-flow constraints, KRA now allows eligible taxpayers to settle
Kenya’s repeated failure to meet projected revenue targets has intensified pressure on tax administration to improve collections. Rather than introducing sweeping new taxes, authorities have increasingly focused on tightening enforcement, expanding audits, and leveraging technology
The ongoing collaboration between KRA and the Kenya Private Sector Alliance (KEPSA) highlights a recognition that effective tax policy requires private sector input. In 2026, this engagement focuses on balancing enforcement with economic growth, particularly
KRA’s adoption of advanced analytics and artificial intelligence has transformed how tax compliance is monitored and enforced in Kenya. By integrating data from eTIMS, banks, employers, customs, and government agencies, the Authority now conducts near-real-time
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