Finance bill 2024: The Tax Policy Perspective | Business Redefined

In Nov 2023, the National Assembly Finance & Planning tabled its report on the draft National Tax Policy. Ever since, we have seen the medium-term revenue strategy 24/25 -26/27. The two documents are designed to chart a path towards a coherent & stable tax regime in Kenya. How is finance bill 2024 positioned within the context of the two documents? A step in the right direction or receding strides already made? This episode we delve deeper in the conversation with Edna Gitachu, Tax Lead, PWC Kenya.
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Episodes
Financing Student Accommodation | Business Redefined On the sidelines of President William Ruto's state visit to Washington DC, student accommodation developer, Acorn Holdings, tapped a Sh23.7 billion funding line from the US International Development Finance Corporation. Acorn Holdings looks to deploy this funding to increase its bed capacity by 250.0% over the next decade to 70,000. In this episode of Business Redefined, Julians Amboko sits down with the founder & CEO of the developer, Edward Kirathe, to discuss this funding. June 4, 2024
Finance Bill 2024: The final submission | Business Redefined On this episode, The National Assembly Finance & Planning closed the window for submission of memoranda of Finance Bill 2024 as public hearings kick off. The Institute of Economic Affairs will be first in the hearings. We have a one-on-one with Kwame Owino - CEO, Institute of Economic Affairs to delve deeper. May 29, 2024
Inside the Finance Bill 2024 | Business Redefined Kenya is on an ambitious mission to raise at least Kes 330.0 billion through a raft of new revenue raising measures in financial year 2024/25 courtesy of the Finance Bill 2024. This is a step up from the Kes 211.0 billion targeted for financial year 2023/24 courtesy of the Finance Act 2023. The Finance Bill 2024 is your quintessential mixed bag. On this special edition, conversation with Kuria Kimani, the Chairperson of the National Assembly's Finance & Planning Committee; indirect taxes specialist & founder of Alpha Tax and Business Advisory Services, Christine Kahema Muthui; & ICPAK (Institute of Certified Public Accountants of Kenya) Public Finance Committee Chairperson & Managing Partner at Ichiban Tax & Business Advisory LLP, Robert K. Waruiru FCPA(K) to discuss Finance Bill 2024. May 17, 2024
Safaricom PLC FY 2024 Earnings | Business Redefined This week conversation with Dilip Pal - CFO, Safaricom PLC, on Safaricom PLC's FY2024 earnings. On the agenda:
  1. Mpesa & Data - the volume & pricing game
  2. Ethiopia - inroads, revenue & capex
  3. Capital raisings plan
  4. Developments in payments
 May 14, 2024
Budget estimates 2024/2025 - Supplementary budget II 2023/24 | Business Redefined Supplementary budget II 2023/24 makes an attempt at trimming expenditure but lagging exchequer collections still push the deficit further away from the <5.0% of GDP target. Also, what can we expect in 2024/25 given the estimates put out? May 9, 2024
Kenya's Banking Sector Retail Rush | Business Redefined The retail rush in Kenya's banking sector & why even traditionally corporate & investment focused lenders are now going downstream for retail. One on One with Moses Muthui - Consumer Banking Director - Absa Bank Kenya May 1, 2024
Prospects for Africa in 2024 | Business Redefined On this episode, prospects for Africa's economy in 2024:
  1. Debt distress, global market access & looming risks from tensions in the Middle East
  2. East Africa as an outperformer (200.0bps above SSA), what are the drivers?
  3. Inflation, foreign exchange & monetary policy divergence
 April 23, 2024
Africa's Economic Pulse | Business Redefined This week we delve into a discussion with World Bank's Chief Economist for Africa:
  1. Developments in the Middle East & implications for Africa
  2. The annual Spring Meetings. Any hopes for tangible outcomes on resolution of debt distress?
  3. The FX clawback by a number of currencies in Africa. Here to stay or passing cloud?
  4. Over a dozen elections in 2024, political risk & just how much the domestic revenue mobilisation agenda  can be pushed in a heavily 'political year'
 April 16, 2024
Debt distress & restructuring | Business Redefined Debt distress vulnerabilities have become elevated in the recent past as frontier markets struggle with servicing dollar denominated maturities at a time when the global markets have been broadly shut and impeding efforts to refinance. In Africa, Ghana, Zambia and Ethiopia have defaulted and are in the process of undertaking debt restructuring. With growing concerns regarding the global financial architecture and the prolonged process of debt restructuring, this episode of Business Redefined explores what an alternative framework for debt distress resolution could look like and what the asks from debt economies should entail. April 9, 2024