The Kenya Revenue Authority (KRA) says it has begun processing tax waiver applications, following the June 30th deadline for filing tax returns. This is in line with the Tax Procedures Act of 2015, which allows taxpayers to apply for a wavier for penalty or interest. READ MORE..

The Kenya shilling depreciated 1.1 percent against the US dollar in July closing the month at Ksh107.7 compared to Ksh106.52 recorded on June 30. However, during the last week of July, the shilling recorded marginal appreciation to close at Ksh107.7 compared to record lows of Ksh108.13 recorded the previous week. READ MORE..

Despite the current economic slowdown, the value of mobile money transactions increased marginally in the first half of 2020 compared to the same period in 2019. READ MORE..