Of Improving EAC Relations, Mitumba Imports, an 18% VAT, Twitter Tips and the Curious Case of the MFB

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Kenya is improving its relations with its neighbors, evident in the talks with Somali and Tanzania. The infrastructure initiatives, especially with Tanzania could be a nice way to make up for the lost SGR connection to DRC through the Northern Corridor. Africa could have a better chance negotiating with US and the UK as a bloc, but that would require addressing internal inconsistencies in trade policies within individual countries. The 2021 budget is likely to come with higher taxes. However, Yattani’s bid to have absolute mandate over the VAT is unlikely to receive a parliamentary nod. Finally, Branch’s acquisition of Century Microfinance Bank could be a leeway to obtain licences, and might spur growth of the bank if Branch follows its rapid growth strategy.

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