Kuria Kimani Stories

LSK, auditors reject key privacy and liability clauses in Finance Bill 2025
Maureen Kinyanjui  |  May 24, 2025

Another contested aspect is clause 50b, which proposes extending the timeline for processing tax overpayment claims, from 90 to 120 days for initial c...

Kenyans invited to submit views on Finance Bill 2025 through new online portal
Rachael Mutabasi  |  May 23, 2025

Kimani emphasised the importance of citizen involvement in shaping the country’s economic future, particularly through input on the Finance Bill, whic...

MP Kuria Kimani indicates additional tax measures likely in Finance Bill 2025
Rachael Mutabasi  |  Apr 08, 2025

The government’s proposed Sh4.2 trillion budget for the 2025/26 financial year, approved by the Cabinet in February 2025, includes Sh3.09 trillion for...

National Assembly rejects 5 per cent tax on infrastructure bonds interest
Maureen Kinyanjui  |  Dec 05, 2024

The Treasury had projected that taxing infrastructure bond interest would generate Sh13 billion annually, a crucial part of its efforts to raise Sh174...

National Assembly’s committee proposes two per cent railway levy, rejects lower rate
Martin Kinyanjui  |  Dec 05, 2024

This decision follows significant opposition from business stakeholders who expressed concerns that the increased levy would drive up the cost of impo...

Relief for banks as MPs propose more time for raising minimum capital to Sh10 billion
Maureen Kinyanjui  |  Dec 04, 2024

Currently, banks must maintain a core capital-to-risk-weighted assets ratio of 10.5 per cent and a total capital-to-risk-weighted assets ratio of 14.5...

Parliament passes Bill to prioritise local contractors in tenders award
Lucy Mumbi  |  Nov 28, 2024

The MP highlighted that local contractors have faced persistent disadvantages in the procurement landscape, often losing opportunities to foreign firm...

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