Daring Achievers Network

26/05/2026

Disappointing 2026 finance bill

26/05/2026

The CGT is normally paid on the profit or gains made by investors when they sell, transfer, or dispose of an asset such as unquoted shares or property including homes, land, and buildings.

26/05/2026

The rising returns on government papers are prompting investors to start shifting assets from the Nairobi Securities Exchange (NSE), which has seen three-quarters of counters at the bourse record...

26/05/2026

Understanding the game of money

26/05/2026

25/05/2026

25/05/2026

I got over 30,000 reactions on my posts last week! Thanks everyone for your support! 🎉

25/05/2026

The Kenya Bankers Association (KBA) appeared before the Departmental Committee on Finance and National Planning on Thursday, May 21, 2026, opposing Finance Bill 2026 provisions that would introduce Withholding Tax on card transaction fees and a 16% VAT on digital payment processing and money transfers.

KBA warned the combined tax burden would raise total digital transaction costs from 15% to 58.4%, risking financial exclusion and reversing a December 2025 Supreme Court ruling that classified interchange and merchant fees as operational service fees rather than royalties.

The lobby also challenged a clause empowering the KRA Commissioner to deem 60% of undistributed business income as dividends subject to immediate taxation, arguing the threshold threatens bank stability and credit expansion.

KBA noted the sector contributed KSh 1.1 trillion in taxes between 2018 and 2024.

https://kenyanwallstreet.com/finance-bill-2026-tax-card-payments

25/05/2026

Kenya's Finance Bill 2026 proposes broadening the excise duty base for betting by replacing the current deposit-based trigger with a wider definition covering any funds made available for gambling, including tokens, credits and chips.

The 5% rate remains unchanged but the expanded definition increases the volume of taxable transactions. The Bill also removes the horse racing exemption and clarifies that the 10% excise duty on virtual assets applies to fees charged by licensed virtual asset service providers on digital asset transactions.

https://kenyanwallstreet.com/finance-bill-2026-betting-virtual-assets

25/05/2026

The NSE has recorded 10 new listings in the past 24 months across equities, bonds, REITs, an ETF and an infrastructure fund:

➠ May-2026 ▸ KMRC Sustainability Bond
➠ May-2026 ▸ Spearhead Africa Infrastructure Fund
➠ Mar-2026 ▸ ALP Industrial I-REIT
➠ Mar-2026 ▸ Kenya Pipeline Company
➠ Dec-2025 ▸ Safaricom Green Bond Tranche 1
➠ Nov-2025 ▸ EABL MTN Tranche 1
➠ Jul-2025 ▸ Linzi FinCo 003 IABS (Talanta)
➠ Jul-2025 ▸ Shri Krishana Overseas
➠ Jul-2025 ▸ Satrix MSCI World Feeder ETF
➠ Jul-2024 ▸ Linzi FinCo Sukuk

Four more listings are confirmed in the NSE's 2026 pipeline:

◉ Family Bank ▸ Listing by Introduction
◉ I&M Bank Bond ▸ Corporate Bond (Tranche 1)
◉ Park Inn REIT ▸ Income I-REIT
◉ TRIFIC USD Green REIT ▸ USD-denominated Green REIT

25/05/2026

Investing in stocks