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Mbadi offers little hope despite admitting Kenyans sought

Mbadi’s Sh4.82T budget faces scrutiny amid rising inflation, heavy domestic borrowing and Finance Bill tax changes raising cost of living concerns.

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standardmedia.co.ke5 g 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.com5 g 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

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…
mercoledì 10 giugno 2026·businessdailyafrica.com
Mbadi’s new dilemma in funding Sh4.8trn budget
The current Finance Bill 2026 has proposed mobilising up to Sh120 billion from new tax measures, but the bulk of proposals are restricted to the expansion of the tax base and…

Mbadi offers little hope despite admitting Kenyans sought

Confronto fonti

Mbadi admits Kenyans sought to lessen burden but offers little hope

Budget: Key policy pronouncements by Mbadi - highlights

Timeline cronologica

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

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

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

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Mbadi offers little hope despite admitting Kenyans sought