Towards accrual accounting
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.
23 hours ago
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:
- Mpesa & Data - the volume & pricing game
- Ethiopia - inroads, revenue & capex
- Capital raisings plan
- Developments in payments
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:
- Debt distress, global market access & looming risks from tensions in the Middle East
- East Africa as an outperformer (200.0bps above SSA), what are the drivers?
- Inflation, foreign exchange & monetary policy divergence
Africa's Economic Pulse | Business Redefined
This week we delve into a discussion with World Bank's Chief Economist for Africa:
- Developments in the Middle East & implications for Africa
- The annual Spring Meetings. Any hopes for tangible outcomes on resolution of debt distress?
- The FX clawback by a number of currencies in Africa. Here to stay or passing cloud?
- Over a dozen elections in 2024, political risk & just how much the domestic revenue mobilisation agenda  can be pushed in a heavily 'political year'
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
Electronic Tax Invoices (ETIMS) | Business Redefined
The sunset date for mandatory onboarding on the electronic tax invoice management system (eTIMS) was 31st March 2024.
As at March 26th, 190,000 tax payers had been onboarded on eTims, 26,000 of whom onboarded via the informal economy targeted channels of USSD & eTIMS lite.
This means that starting 1st April 2024, any tax payer who is required to & does not issue an electronic invoice will face the steep penalty of two times the tax due as per the provisions of Sec 86 (2) of the Tax Procedures Act.
We delve deep into eTIMS, what appears to be low uptake, & tax administration.
April 3, 2024
Health Insurance & Personal Financial Planning | Business Redefined
On this episode, we delve into health insurance & personal financial planning. Product development, market uptake & also IFRS17 & its impact on Kenya's health insurance sector. A conversation with Jubilee Health Insurance CEO, Njeri Jomo.
March 28, 2024