Kuria Kimani Stories

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...

Stay ahead of the news! Click ‘Yes, Thanks’ to receive breaking stories and exclusive updates directly to your device. Be the first to know what’s happening.