Kenya Revenue Authority (KRA) Commissioner General Mr. Humphrey Wattanga has commended African countries for their successful efforts in modernizing tax administrations despite facing challenges such as informality, governance deficits, and illicit financial flows. Addressing the delegates during the ongoing International Bureau of Fiscal Documentation (IBFD) Africa Tax Symposium 2024 at the Safari Park Hotel in Nairobi, Mr. Wattanga highlighted that Africa’s tax future will be shaped by demographic trends, technological advancements, global economic dynamics, and evolving tax policy debates. “Key considerations include harnessing technology, strengthening governance, promoting regional cooperation, and advocating for fair global tax policies. Embracing technologies like data … Continue reading KRA Commissioner General Applauds African Countries’ Efforts in Modernizing Tax Administrations

By Faith Muriungi We can all agree that travel, by its very nature, is an unpredictable adventure. While we embark on our expeditions in high spirits and with great expectations, unforeseen circumstances usually cast a shadow over even the most meticulously planned trips. Picture this, you are exploring the vibrant streets of downtown Dubai, only to find yourself with a sudden illness that requires medical attention. Without insurance, the burden of medical expenses can turn your dream vacation into a financial nightmare in a strange city and country. As you plan for your next trip, it is therefore crucial to … Continue reading Why Insurance is Crucial when Making Travel Plans

By Elizabeth Wasunna-Ochwa Kenya’s economic foundation unquestionably rests upon its Micro, Small, and Medium Enterprises (MSMEs). As indicated in Sessional Paper Number 5 of 2020 on Kenya Micro and Small Enterprises Policy, these enterprises contribute to 24 percent of Kenya’s GDP, encompass over 90 percent of private sector enterprises, and engage 93 percent of the total labour force in the economy. The MSMEs policy identifies access to formal financial services, financial education, and credit sharing as crucial factors for the growth of the country’s MSME sector. According to the most recent MSME Survey conducted by the Kenya National Bureau of … Continue reading How financial institutions can strengthen MSMEs to grow their contribution to the economy

By Pamela Oyugi Ever heard of the quote, “If there are nine rabbits on the ground, if you want to catch one, just focus on one”? I wholeheartedly concur with Jack Ma, the visionary founder of Alibaba Group. In a post pandemic era, we have often found ourselves in a situation where we work beyond the official 8-hour shifts long into the night to meet deadlines, oblivious of a disruption of work-life balance. This could lead to low employee productivity because of burnout or mental related issues. A 2021 report titled Kenya Mental Health Investment Case by the Ministry of … Continue reading Why organisations need to cultivate mental wellbeing in the workplace