NSSF ksh32.8 B investment
NSSF has emerged as the second-largest shareholder in Kenya Pipeline after investing Ksh38.2 billion in the firm’s oversubscribed initial public offering (IPO). Regulatory filings show the State-backed pension fund acquired a 22.2 percent stake,…
Mobile money transactions for affordable housing loans
The government is considering the use of mobile money transaction records and other alternative financial data to help millions of Kenyans without formal payslips qualify for affordable housing loans. Housing PS Charles Hinga said traditional mortgage…
SBM banks wins a case over Alma residential
SBM Bank has secured priority rights to recover a Ksh650 million loan from The Alma residential development in Ruaka after the High Court upheld its security interest over the Cytonn-backed project. The Alma sits on 4.67 acres and comprises 477…
From KUSSCO to KEFESCO
The Government plans to rename the Kenya Union of Savings and Credit Cooperatives (KUSCCO) to the Kenya Federation of Savings and Credit Cooperatives (KEFESCO) following a financial crisis that left Saccos with billions of shillings in losses.…
Maize seed and fertiliser subsidy
Agriculture Cabinet Secretary Mutahi Kagwe has announced a 50% price reduction of maize seed and fertilizer to cushion farmers from drought-related losses and sustain production. In a statement on Monday, CS Kagwe said that the Government will meet 50…
KRA Vs Chiarmania ltd
KRA cannot disallow a taxpayer’s input VAT claim solely because a supplier has been classified as a missing trader, the Tax Appeals Tribunal has ruled while cancelling a Ksh15.76 million tax assessment against an events company. The Tribunal set aside…
Ksh.3.5M fine on crown paints
The High Court has upheld a Ksh3.5 million damages award against Crown Paints Kenya for painting its brand on a commercial building in Thika without the owner’s consent. Punjab Engineering Works Ltd, the property’s owner, sued the paint…
We can’t sell our shares
More than 64,000 minority shareholders of Absa Kenya declined an offer by South Africa’s Absa Group to buy part of their shares, limiting the lender’s plan to increase its stake in the bank. Absa Group purchased 189.38 million shares, equivalent to a…
62% profit from family Bank
Family Bank Group has posted a 62% jump in Profit After Tax to Ksh.3.7 billion for the six months ended June 30, 2026, up from Ksh.2.2 billion recorded in the first half of 2025. The strong performance was underpinned by robust balance sheet expansion…
Absa interim rises
Absa Bank Kenya has raised its interim dividend by 150% to a record Ksh0.50 per share despite a 9.8% decline in first-half profit to Ksh10.53 billion. The firms join Hurupay, which stopped processing cross-border transfers and cryptocurrency transactions…