The Kenya Revenue Authority (KRA) has set the market interest rate used to calculate taxes on employee loans at 8 percent for the period between April and June 2026. In a notice issued in line with the Income Tax Act, KRA said the rate will guide the computation of Fringe Benefit Tax (FBT), which applies
Kenya Transporters Association (KTA) has released an urgent statement concerning the fuel supply issues being experienced in the country. It attributes this to rationing and withdrawal of credit by oil marketing companies (OMCs), which is seriously affecting the transportation industry of the country. Addressing the Government of Kenya, Energy and Petroleum Regulatory Authority (EPRA), Ministry
Cabinet Secretary for Energy and Petroleum Opiyo Wandayi addressed the public on April 5, 2026, following a series of high-profile resignations and ongoing investigations in the petroleum sector. In a statement, Wandayi sought to assure Kenyans that the situation is under control and that there are sufficient petroleum stocks to meet demand. He explained the
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