Julians Amboko
@AmbokoJH
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Host #BusinessRedefined & #CFOChat on @ntvkenya Research Fellow, Tax Research Centre @StrathU
Nairobi, Kenya
Joined March 2013
Delighted & humbled to have this paper published by the Journal of Economics & Sustainable Development. Ocharo & I looked at commodity prices & external capital flows, a Kenyan perspective.
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KCB Group notifies shareholders of agreement entered to acquire payment gateway, Pesapal. It's the second fintech KCB Group is acquiring in 8 months following the March 75.0% stake acquisition in Riverbank Solutions.
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From a fiscal framework and macro stability perspective, the expenditure side is not material. Yes we need to spend better ie get more value for money, but not less. If we agree that we should spend ~24 - 25% of GDP, then the primary focus must be on closing the revenue gap.
The government of Kenya says that its analysis shows that the country's tax gap stands at 8.0% of GDP. This means that in the government's assessment, there's about Kes 1.29 trillion that is not being collected as tax for one reason or the other. The elephant in the room seems
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Some colour here about the much talked about National Infrastructure Fund (see quoted tweet) as explained by Dr. David Ndii: 路 The thinking is that the initial capitation will come from privatisation proceeds, starting with Kenya Pipeline Co 路 The idea is that proceeds from
President William Ruto has yet again spoken about the planned set up of a National Infrastructure Fund. First time was on Oct 4th, see quoted tweet. He says we should be seeing a Bill taken to the National Assembly anchoring its establishment. From what the President says,
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The government of Kenya says that its analysis shows that the country's tax gap stands at 8.0% of GDP. This means that in the government's assessment, there's about Kes 1.29 trillion that is not being collected as tax for one reason or the other. The elephant in the room seems
Another major tax change that is coming is in the administration of Value Added Tax with regard to the 2nd Schedule. Dr. Ndii says: 路 The government plans to abandon the present framework where the VAT Zero Rating design is anchored on the expectation that manufacturers will
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Huge execution risk on direct-to-consumer VAT refund model; can KRA infra scale for micro-level refunds... How about a hybrid model where zero-rating is retained for manufacturers to try maintain VAT neutrality which would otherwise be distorted...
Another major tax change that is coming is in the administration of Value Added Tax with regard to the 2nd Schedule. Dr. Ndii says: 路 The government plans to abandon the present framework where the VAT Zero Rating design is anchored on the expectation that manufacturers will
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I like this guy馃槀馃槀 Shida yake huanza Saturday sma Sunday aki tweet. On microphone he articulates ambitions eloquently
Another major tax change that is coming is in the administration of Value Added Tax with regard to the 2nd Schedule. Dr. Ndii says: 路 The government plans to abandon the present framework where the VAT Zero Rating design is anchored on the expectation that manufacturers will
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I support this
Major changes are coming as far as tax administration is concerned: 路 The government is working on & plans to roll out a Machine Learning model that will have tax collection & assessments handled principally by AI 路 Dr. Ndii says this model will be based on the experience
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Amboko breaking it down the way only he does.Bite sized gems easily digestible for even the most "economics-adversed" amongst us 馃憦馃従馃憦馃従
I had the pleasure of moderating the 10th edition of the Economic Forum convened by @NCBABankKenya & the take outs were huge. The key note was delivered by the Chairperson of the President's Council of Economic Advisors, Dr. David Ndii. Here's what stood out for me. A馃У
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This is finely detailed @AmbokoJH
I had the pleasure of moderating the 10th edition of the Economic Forum convened by @NCBABankKenya & the take outs were huge. The key note was delivered by the Chairperson of the President's Council of Economic Advisors, Dr. David Ndii. Here's what stood out for me. A馃У
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Huku mbele....
Major changes are coming as far as tax administration is concerned: 路 The government is working on & plans to roll out a Machine Learning model that will have tax collection & assessments handled principally by AI 路 Dr. Ndii says this model will be based on the experience
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@AmbokoJH @NCBABankKenya Thank you for the thread. Barikiwa sana.
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This is such a nice conversation! https://t.co/nQVoV8Q51K
I had the pleasure of moderating the 10th edition of the Economic Forum convened by @NCBABankKenya & the take outs were huge. The key note was delivered by the Chairperson of the President's Council of Economic Advisors, Dr. David Ndii. Here's what stood out for me. A馃У
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The reprieve will be to the end consumer? 馃ぃ Manufacturers have the time, resources and incentive to follow up on large VAT refunds. End consumer will simply be stonewalled.... Unanswered emails, red tape...until they give up
Another major tax change that is coming is in the administration of Value Added Tax with regard to the 2nd Schedule. Dr. Ndii says: 路 The government plans to abandon the present framework where the VAT Zero Rating design is anchored on the expectation that manufacturers will
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Next on @ntvkenya's #BusinessRedefined, deepening pensions & insurance coverage in Kenya with @KeEquityBank's Life Assurance MD, Angela Okinda. On the discussion: 路 Curating products, both pensions & insurance, for Kenya's vast informal economy 路 Pensions sector regulatory
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Good info hapa, guys
Are we still expecting a successor programme with the IMF following the premature termination of the US$3.6 billion arrangement in March this year? I don't think so. Here's the state of play: 路 There's no consensus within government on whether Kenya needs a successor
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Finally, Comments made by Dr. Ndii gave a cursory view of why the government's Medium-term Revenue Strategy sets the envisioned tax-to-GDP ratio at 22.0%. 路 The idea is that if expenditure is trending around 25.0% of GDP, then 22.0% of GDP means that fiscal deficit financing
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Still on VAT musings, It is helpful to revisit that Tax Expenditure Report 2025 released last week. A number of things stood out & should tell us why GOK is going hard on VAT: 路 The National Treasury has significantly restated the Tax Expenditure figures for 2021, 2022 & 2023
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If you want to know where this VAT overhaul is coming from, throw back to the #BudgetSummit2025 convened by @ntvkenya in May & there was a heated debate on whether the VAT system is broken. Quick takes from back then: 路 @KeTreasury via the Director General for Budget & Fiscal,
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