AGP Executive Report
Last update: 6 hours agoFiscal Policy: The IMF has urged Kenya to widen the tax base and cut exemptions rather than raise rates, as the Treasury faces mounting funding pressure and the CBK calls for restraint on domestic borrowing. Prices and Currency: Inflation hit 7.3% in October as fuel and food costs climbed, while the shilling stayed near KSh129–130 to the dollar, offering importers some stability. Tax Collection: KRA says counterfeit alcohol helped cut domestic excise revenue by 10% to KSh61.8 billion. A proposed tax on phones at SIM activation has faced Parliament’s opposition; large multinationals, meanwhile, must notify KRA by November 17 under new minimum-tax rules. Trade and Infrastructure: Kenya’s trade with the UK topped KSh340 billion, while a proposed $1 billion port concession could reshape investment in the sector. Investment: Airtel Kenya is spending KSh8.4 billion on 5G spectrum, and Kenya Railways has launched dedicated SGR vehicle freight services.
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