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Used Car Imports to Cost More as Kenya Revises Vehicle Tax Valuation System. - Envestreet Financial
The Kenya Revenue Authority (KRA) has implemented a revised valuation list for used motor vehicles, known as the Current Retail Selling Price (CRSP), marking the first update since 2019. The overhaul, which comes after legal and economic hurdles stalled previous attempts, introduces significant changes in how import duties and excise taxes on vehicles are calculated. […]
Rwanda Withdraws from ECCAS, Citing Violation of Rights and DRC Bias. - Envestreet Financial
Rwanda has formally announced its withdrawal from the Economic Community of Central African States (ECCAS), accusing the regional bloc of being manipulated by the Democratic Republic of Congo (DRC) and failing to uphold its own founding principles. In a strongly worded statement released by the Ministry of Foreign Affairs and International Cooperation, Rwanda expressed deep […]
CDSC Digitizes 16 Billion Safaricom Shares in Landmark Shift from Physical to Electronic Format. - Envestreet Financial
The Central Depository and Settlement Corporation (CDSC) has successfully completed the immobilization of 16 billion Safaricom PLC shares, a development heralded as a transformative leap for Kenya’s capital markets and financial infrastructure. The move shifts Safaricom’s shares from physical certificates into electronic format, held securely within the Central Depository System (CDS), enhancing transparency, efficiency, and […]
Africa Sitting on $165 Billion in Untapped Capital ‘Idling’ in Pension Funds, Experts Say. - Envestreet Financial
Africa is sitting on a hidden reservoir of domestic capital worth over $165 billion that could drive its development but much of it remains “idling” in low‑yield pension funds, officials at the African Development Bank (AfDB) have warned. Speaking at the Bank’s 2025 Annual Meetings in Abidjan, a high-level panel dissected ways to unlock this capital […]