Gov’t moves to modernise county markets, boost MSME competitiveness

Cabinet Secretary (CS) for Investment, Trade and Industry Lee Kinyanjui has outlined a comprehensive government strategy to modernise county markets and strengthen support for traders and small businesses, signalling a sharper policy focus on the informal and micro-enterprise sector as a driver of economic growth. Appearing before the Senate Plenary at Parliament buildings on May…

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KRA defends proposal to expand VAT coverage as beneficial to small businesses

The Kenya Revenue Authority (KRA) has defended its proposal to expand value-added tax (VAT) coverage, insisting that the reform will not harm small businesses but instead ease the burden on a few compliant firms while boosting domestic revenue. The plan, which seeks to raise VAT’s contribution to gross domestic product (GDP) by two percentage points,…

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