Resolved Digits Consultants

Resolved Digits Consultants Accounting, Tax , Audit and consultancy Agent

29/07/2026

Average loan interest rates by top banks in Kenya (June 2026):

StanChart Kenya — 11.5%
Stanbic Kenya — 11.5%
HFC Limited — 13%
Absa Kenya — 13.5%
DTB Kenya — 14%
I&M Bank — 14%
Equity Bank — 14.8%
KCB Bank — 14.9%
Co-op Bank — 15%
NCBA Bank — 15.2%
Sidian Bank — 15.2%
Family Bank — 16%
SBM Bank — 17%
Credit Bank — 19%

CBK data.

29/07/2026

Johnson & Johnson has agreed to pay $5.5 billion to settle about 76,000 lawsuits claiming its baby powder caused ovarian cancer.

The deal will only take effect if 95% of the claimants approve it.

29/07/2026

Mining CS Hassan Joho has ordered the immediate suspension of all mining operations at Tata Chemicals Magadi over alleged non-compliance with the Mining Act.

The company will remain closed until it meets all legal requirements, putting more than 1,000 jobs at risk.

29/07/2026

StanChart Kenya has paid 83% of pension claims awarded by the Supreme Court, settling 522 of the 629 former employees covered by the ruling.

The bank says it has already set aside Sh7.2 billion for the payouts and expects no further provisions

09/07/2026

IFRS 7 – Financial Instruments: Disclosures is an accounting standard issued by the International Accounting Standards Board. Its purpose is to require entities to provide disclosures that enable users of financial statements to understand:

The significance of financial instruments for the entity's financial position and performance.
The nature and extent of risks arising from financial instruments and how those risks are managed.
Scope

IFRS 7 applies to entities that hold financial instruments, including:

Cash and bank balances
Trade receivables
Loans receivable and payable
Trade and other payables
Investments
Debt securities
Equity investments
Derivative financial instruments

It applies to virtually all entities, including companies, banks, insurance companies, NGOs, and SMEs that prepare financial statements under IFRS.

Main Disclosure Requirements
1. Statement of Financial Position Disclosures

Disclose:

Categories of financial assets and liabilities
Carrying amounts
Financial assets pledged as collateral
Allowance for expected credit losses
Financial liabilities measured at amortized cost or fair value
2. Statement of Profit or Loss Disclosures

Disclose:

Interest income
Interest expense
Net gains or losses on financial instruments
Impairment losses and reversals
Fee income and expense
3. Accounting Policies

Explain:

Recognition and derecognition policies
Measurement basis
Fair value methodology
Impairment policy
Hedge accounting policy (if applicable)
Risk Disclosures
A. Credit Risk

Explain:

Maximum exposure to credit risk
Expected credit loss methodology
Credit quality of financial assets
Ageing analysis of receivables
Collateral held
Concentration of credit risk

There was a time we had a Budget for the commons
11/06/2026

There was a time we had a Budget for the commons

04/06/2026

Dangote refinery now says it has a surplus of jet fuel and can supply it globally, according to its CEO.

The 650,000 barrels per day refinery has been running at full capacity, producing excess jet fuel due to lower demand in Africa, leaving extra output for export.

03/06/2026

The High Court has ordered Kenya's government to disclose details of its deal with the US to set up an Ebola quarantine facility in Laikipia.

The court also wants health and safety reports made public.

An Economist can site that fault
17/05/2026

An Economist can site that fault

12/05/2026

Client Advisory on the Proposed Finance Bill (Kenya)

Subject: Key Highlights and Implications of the Proposed Finance Bill 2026

Dear Client,

The Government has published the proposed Finance Bill 2026, introducing several tax and regulatory changes aimed at enhancing revenue collection, broadening the tax base, and supporting economic growth. While the Bill is still subject to parliamentary review and possible amendments before enactment, businesses and individuals should begin assessing the potential operational and financial impact.

Key Areas of Focus
1. Changes in Income Tax

The Bill proposes amendments affecting:

Corporate income tax rates and incentives
Deductibility of certain expenses
Withholding tax obligations
Taxation of digital and cross-border services

Potential impact:
Businesses may experience changes in effective tax rates, compliance obligations, and cash flow planning.

2. VAT Amendments

Proposals include:

Reclassification of certain goods and services from exempt to taxable status
Expansion of VAT-applicable sectors
Adjustments to input VAT recovery rules

Potential impact:
Affected businesses may need to review pricing models, contracts, and ERP/accounting systems.

3. Excise Duty Changes

The Bill proposes revised excise duty rates on selected products and services, including inflation-based adjustments.

Potential impact:
Manufacturers, importers, and consumers may face increased costs.

4. Tax Administration and Compliance

The Kenya Revenue Authority (KRA) is expected to receive enhanced enforcement powers through:

Expanded digital tax monitoring
Stricter documentation requirements
Increased penalties for non-compliance

Potential impact:
Organizations should strengthen tax governance, documentation, and reporting processes.

5. SME and Individual Tax Measures

Certain proposals aim to support small businesses and individual taxpayers through:

Threshold adjustments
Simplified tax procedures
Incentives for targeted sectors
Recommended Immediate Actions

We advise clients to:

Conduct a tax impact assessment on proposed changes
Review contracts and pricing structures
Evaluate cash flow implications
Update compliance and reporting frameworks
Monitor parliamentary developments before implementation
Our Support

We are currently reviewing the detailed provisions of the Bill and are available to assist with:

Tax impact analysis
Scenario planning
Compliance reviews
Stakeholder presentations
Sector-specific advisory

Please contact us should you require a tailored assessment of how the proposed changes may affect your business operations.

Kind regards,
Resolved Digits Consultants

Address

Nairobi
00200

Website

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