The goal of the interest rate cap was to make lending more affordable for the general public, to increase access to credit and eventually jumpstart the economy. Instead, it had the exact opposite effect. It reduced the will of the banks to lend to risky applicants - in other words, ... Read More
The recent stalemate between the National Assembly and the Senate over the Division of Revenue Bill 2019 has revealed a huge lacuna in the fiscal legislative framework. The stand-down happened after the Senate amended the Division of Revenue Bill, to increase the revenue allocation to the County ... Read More
In 1977, the Dutch fell in love. Hook, line, and sinker blinded, bedeviled and bamboozled in love. So deep was this love, that their first love – for the Dutch had loved another – was abandoned. This new love was a jealous lover. It craved all the attention, and resources the Dutch had to ... Read More
The importance of Own Source Revenue (OSR) as a key factor in growing County’s budgetary needs has become increasingly evident, especially in the last few months deadlock over the equitable share transfer to county governments. The Own-Source Revenue Potential and Tax Gap Study of ... Read More
Imagine a hypothetical household in Kenya today. The eldest daughter has just turned 18 and has been assigned the responsibility or ‘function’ of ensuring there is electricity in the house. The first thing she needs is enough money to pay the bills. If her mother does not give her enough, she ... Read More
