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Mbadi's Sh4.8tr budget raises taxes fears amid economic stress

Treasury CS John Mbadi will this afternoon step up to deliver a budget statement amid a storm of economic shocks threatening to cripple the economy but also pushback by Kenyans.

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AI · summaries

standardmedia.co.ke1 mese fa

Mbadi admits Kenyans sought to lessen burden but offers little hope

Kenya's Finance Bill imposes 16% VAT on digital transactions and 20% withholding on SaaS; growth revised to 5% due to fuel/geopolitical shocks. Tech companies will pass costs to clients; high government borrowing crowds out private financing.

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businessdailyafrica.com1 mese fa

Budget: Key policy pronouncements by Mbadi - highlights

Kenya's Treasury exempts core financial service providers from proposed 16% VAT on digital payments, reversing part of Finance Bill 2026. Move reflects emerging market regulatory recalibration toward fintech support; signals compliance-risk landscape for Africa payment infrastructure decisions.

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Timeline cronologica

martedì 9 giugno 2026·standardmedia.co.ke
Kenya's Budget Paradox: Are we spending too much or too little?
Analysis of Kenya’s 2026/27 Budget reveals that debt servicing consumes most revenue, leaving limited fiscal space for development.
mercoledì 10 giugno 2026·businessdailyafrica.com
Tough Finance Bill lessons from 2024 and plan to fund Sh4.8trn budget
Previously, Finance Bills relied on measures such as higher excise duty on products like alcohol, cigarettes, confectionery, imported goods, motorcycles and mobile phone airtime…

Mbadi's Sh4.8tr budget raises taxes fears amid economic stress

Confronto fonti

Mbadi admits Kenyans sought to lessen burden but offers little hope

Budget: Key policy pronouncements by Mbadi - highlights

Timeline cronologica

Kenya's Budget Paradox: Are we spending too much or too little?

Tough Finance Bill lessons from 2024 and plan to fund Sh4.8trn budget

Opposition unveils 'People's Budget' ahead of 202627 fiscal plan

Mbadi’s new dilemma in funding Sh4.8trn budget

Treasury faces budget squeeze as IMF, World Bank freeze loans