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Kenya loses Sh23.2 billion in gold each year as illicit exports dwarf official figures
Jun 05, 2025 at 11:32 AM
A new report has revealed that Kenya is quietly bleeding an estimated Sh23.2 billion annually through illicit gold exports, with smuggled consignments outweighing the country’s d...
CAK boss David Kemei appointed interim chairman of EAC Competition Authority
Jun 04, 2025 at 08:55 PM
David Kemei, the Director-General of the Competition Authority of Kenya (CAK), has assumed a critical role in shaping the regional economic landscape after being appointed as inter...
Why Treasury shelved PAYE tax cut plan
Jun 04, 2025 at 04:50 PM
A plan to relieve the tax burden on salaried workers has been shelved after the Kenya Revenue Authority failed to meet its revised revenue target by a margin of Sh130 billion, Trea...
Africa sets sights on seamless digital future with sweeping Nairobi declaration
Jun 04, 2025 at 02:42 PM
A decisive step toward economic integration in Africa's digital space has emerged from Nairobi, where the 14th Connected Africa Summit concluded with the formal adoption of the ‘...
Inchcape named New Holland’s official distributor in Kenya ahead of rollout
Jun 04, 2025 at 11:53 AM
Inchcape Kenya has secured the exclusive distribution rights for New Holland agricultural machinery in Kenya, positioning itself to begin sales and support for the globally recogni...
NCBA forum explores SME challenges, financial opportunities in Migori County
Jun 03, 2025 at 07:02 PM
Over 100 small and medium business owners gathered in Migori during a dinner organised by NCBA Bank to explore financial solutions and discuss economic opportunities in the region....
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Moniepoint gets CAK nod to acquire 78 per cent stake in Sumac Microfinance
Jun 03, 2025 at 02:42 PM
Moniepoint Inc. has received unconditional regulatory approval from the Competition Authority of Kenya (CAK) to acquire a 78 per cent shareholding in Sumac Microfinance Bank Limite...
Safaricom unveils M-pesa Sokoni Festival with deals kuruka to celebrate 18 years
Jun 03, 2025 at 01:03 PM
Safaricom has kicked off a two-month countrywide festival showcasing exclusive offers and community initiatives, as it builds momentum towards its 25th anniversary in October....
Kenya's foreign debt surges to Sh11.36 trillion as interest payments soar
Jun 03, 2025 at 11:59 AM
Kenya's foreign debt ballooned to Sh11.36 trillion by March 2025, fuelling fresh anxiety over how the country will balance its loan obligations with the urgent need for development...
Adani fights Iran LPG import claims
Jun 03, 2025 at 10:29 AM
Adani Group has rejected claims of wrongdoing following a report that the United States Department of Justice is investigating whether any of its entities played a role in the impo...
Dealers face Sh1 million fines in EPRA's new law on energy-intensive appliances
May 31, 2025 at 05:36 PM
A new directive from Kenya’s energy regulator has put traders on notice: anyone producing, importing or selling certain energy-intensive appliances without government approval no...
City Hall to expel hawkers from CBD and restrict their trade to designated zones
May 31, 2025 at 04:52 PM
Nairobi City County has announced that hawkers will no longer be permitted to operate within Nairobi’s Central Business District (CBD), as part of a new plan to reduce congestion...
HELB turns to police to track defaulters as Govt intensifies loan recovery efforts
May 31, 2025 at 03:51 PM
The Higher Education Loans Board (HELB) has disclosed plans to work with law enforcement to trace former university students who have defaulted on their student loans....
KRA new digital system seeks to push rental income tax payment by landlords
May 31, 2025 at 01:22 PM
The Kenya Revenue Authority (KRA) has introduced a new digital platform aimed at simplifying how landlords pay taxes on rental income, as part of efforts to boost compliance and re...
KCB Group finalizes sale of NBK to Access Bank of Nigeria in a strategic transaction
May 30, 2025 at 11:31 PM
KCB Group has finally completed the sale of its entire stake in the National Bank of Kenya (NBK) to Nigeria’s Access Bank in a landmark transaction....
13 reasons why you should pick NCBA Bank as your ultimate financial partner
May 30, 2025 at 07:38 PM
In the current dynamic financial landscape, selecting the right banking partner that will meet all your financial needs has never been more critical....
Dealers unease as KRA set to overhaul second-hand car import taxes from July
May 30, 2025 at 07:02 PM
Disquiet is deepening among second-hand vehicle dealers as Kenya Revenue Authority (KRA) readies to switch to a new Current Retail Selling Price (CRSP) on July 1, 2025....
BCLB bans content creators, influencers and celebrities from promoting betting
May 30, 2025 at 04:19 PM
The Betting Control and Licensing Board (BCLB) has banned content creators, influencers and celebrities from endorsing or promoting gambling in latest steps to tackle betting ads.B...
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Binance-backed Kenya blockchain event draws over 1,500 amid crypto tax reforms
May 29, 2025 at 08:31 PM
More than 1,500 participants from across Africa’s blockchain and crypto ecosystem are set to converge in Nairobi for the Kenya Blockchain and Crypto Conference (KBCC) 2025....
DTB Q1 2025 profit up 9.9 per cent to Sh3.23 billion, proposes Sh7 dividend
May 29, 2025 at 07:55 PM
Diamond Trust Bank (DTB) Kenya recorded a 9.9 per cent increase in net profit to Sh3.23 billion for the quarter ended March 2025, up from Sh2.94 billion in the same period last yea...
NSSF partners with Chinese firm in bid for Nairobi–Mau Summit highway project
May 29, 2025 at 01:28 PM
Kenya’s largest pension fund, the National Social Security Fund (NSSF), is positioning itself to channel part of its Sh477 billion asset base into the dualing of the busy Nairobi...
Equity Group posts Sh15.4 billion post-tax profit despite 4 per cent drop in Q1 2025
May 29, 2025 at 11:13 AM
Equity Group has posted a Profit After Tax of Sh15.4 billion for the first quarter of 2025, supported by a rise in customer deposits, digital transaction volumes, and contributions...
Jumia loses strategic investor as Baillie Gifford pulls out amid deepening losses
May 28, 2025 at 07:10 PM
Global investor Baillie Gifford has cut all ties with Jumia Technologies AG, fully offloading its shares in the African e-commerce company and exiting with likely heavy losses....
Why the World Bank slashed Kenya’s 2025 growth forecast to 4.5 per cent
May 28, 2025 at 02:16 PM
Kenya’s economic prospects for 2025 have been dimmed, with the World Bank lowering its growth forecast to 4.5 per cent from an earlier estimate of approximately 5 per cent, marki...
HF Group profit before tax increases by 112 per cent to Sh337 million in Q1 2025
May 28, 2025 at 09:49 AM
HF Group recorded a 112 per cent increase in pre-tax profit to Sh337 million for the first quarter of 2025 compared to Sh159 million in the same period last year....
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I&M Bank pre-tax profit grows to Sh5.9 billion in Q1 2025 as subsidiaries fatten
May 27, 2025 at 07:02 PM
I&M Group PLC registered a 16 per cent surge in profit before tax during the first quarter of 2025, reaching Sh5.9 billion compared to Sh5.1 billion in the same period last year....
World Bank blames wastage of funds for Kenya’s Sh9 trillion debt, big budget cut
May 27, 2025 at 06:14 PM
The Kenyan taxpayer is footing the bill for years of unchecked waste and mismanagement, with the government now forced to chop nearly Sh580 billion from its 2024/25 budget in a des...
