Consumers can now sigh in relief after KRA deferred a new tax for six months. The taxman has delayed a 5.5% excise duty, which was expected to start on July 1 in line with the Finance Act. The tax arising from annual inflation adjustment will be effective from January 2021 instead of July 1, in line with the Finance Bill of 2020. READ MORE

Kenya’s current account deficit narrowed to 5.2 percent of GDP in the 12 months to May 2020 compared to 5.6 percent of GDP in the 12 months to April according to the latest CBK weekly bulletin. READ MORE..