Motor vehicle tax
Oxfam Kenya and the Institute of Public Finance (IPF) have proposed the reintroduction of a motor vehicle tax as part of a broader wealth taxation framework. Unlike the proposal in the 2024 Finance Bill, the groups want differentiated rates based on a…
33 commercial banks fined
CBK fined 33 commercial banks in 2025 for failing to reduce lending rates in line with cuts to the Central Bank Rate (CBR), following inspections across all 38 lenders. Between August 2024 and August 2025, CBK lowered the benchmark rate by 3.5 percentage…
KRA in court
German engineering and technology company Siemens has moved to court seeking to compel the Kenya Revenue Authority (KRA) to pay a Sh467.2 million tax refund it says has been outstanding since 2022.Siemens has filed a judicial review case at the High…
Quickmart plans to list on NSE
Retailer Quickmart has announced plans to list on the Nairobi Securities Exchange (NSE) Main Investment Market Segment, subject to regulatory approvals.The proposed offer will involve the sale of 2 billion existing ordinary shares, representing 50…
CBK to failing commercial banks
The Central Bank of Kenya (CBK) has flagged seven commercial banks for failing to meet the minimum core capital requirement of Sh3 billion. In its latest Bank Supervision Annual Report, CBK said the seven lenders were in breach of Section 7(1) of the…
Kenya power goods on auction
Goods consigned to Kenya Power, KCB Bank, Lifecare Hospitals, Reckitt Benckiser, the United Nations and other organisations face public auction after overstaying in Customs warehouses.The Kenya Revenue Authority (KRA) listed the consignments in notices…
Digital freight payment
CapitalPay UK and the Kenya International Freight and Warehousing Association (KIFWA) have partnered to digitise payment and administrative processes for clearing and forwarding firms.The agreement, signed in October 2025, is aimed at improving how KIFWA…
Safaricom adds subscribers
Safaricom added 289,201 fixed internet subscribers in the year to June 30, 2026, extending its lead in Kenya’s fixed internet market.The Communications Authority of Kenya (CA) said Safaricom had 1.02 million fixed internet subscribers as of June 30, up…
NSE investor wealth falls
Investor wealth at the NSE fell below Ksh4 trillion, closing at Ksh3.95 trillion after losing Ksh178.7 billion in two trading sessions. The decline was driven by heavy selling of blue-chip stocks by local and foreign investors, who have sold a net Ksh2…
Wandayi defends G to G fuel importation
Energy and Petroleum Cabinet Secretary Opiyo Wandayi has defended Kenya’s government-to-government (G-to-G) fuel importation arrangement, insisting the programme was a necessary response to a severe foreign-currency shortage that once threatened the…