Kevin Rotich

1 week ago | capitalfm.co.ke | Kevin Rotich

NAIROBI, Kenya, June 19 – The Kenya Revenue Authority (KRA) seeks to make the value-added tax (VAT) category the leading source of tax for the country through digital reforms. Medium and Small Taxpayers Commissioner George Obell gave the example of Kenya’s electronic Tax Invoice Management System (eTIMS), a platform that has significantly boosted VAT compliance, reduced fraud, and enhanced revenue performance.

1 week ago | capitalfm.co.ke | Kevin Rotich

But beneath this fiscal triumph, anxiety is mounting within the crypto sector. Industry players warn that the current tax regime, ushered in by the Finance Act 2023, could stifle innovation, discourage investment, and drive reputable crypto platforms out of the Kenyan market. The 1.5 percent Digital Asset Tax, designed to bring order to a rapidly expanding industry, has sparked particular concern for its sweeping scope.

1 week ago | capitalfm.co.ke | Kevin Rotich

NAIROBI, Kenya, June 18 – The Central Bank of Kenya (CBK) has increased bulk payment settlement time to enable completion of large-value and time-sensitive transactions. Starting July 1, 2025, the Kenya Electronic Payment and Settlement System (KEPSS), the national Real Time Gross Settlement (RTGS) system, operating hours will be revised to between 7am and 7pm from the current 8:30am and 4:30am.

1 week ago | capitalfm.co.ke | Kevin Rotich

NAIROBI, Kenya, June 17 – Zeno, a global electric mobility company founded by a former Tesla Executive, has entered the East African market with the launch of electric bikes in Kenya. The San Francisco, Nairobi, and Bangalore-based company is establishing two assembly hubs and nine showrooms across the region, with Kenya being the first market to receive deliveries of the Zeno Emara electric motorcycle and a 3-mode charging infrastructure system.

1 week ago | capitalfm.co.ke | Kevin Rotich

NAIROBI, Kenya, June 16 – Centum Re has received Sh2.6 billion from the International Finance Corporation (IFC) for the construction of nearly 2,000 affordable houses at the Two Rivers Development. The fund from the World Bank’s lending arm, which will be repaid in seven years, will be used to construct green, affordable homes within the Mizizi project sited at the Two Rivers residential and commercial complex.