Increased prices on cereal products
The Cereal Millers Association (CMA) has warned that delays in releasing C60 wheat import approvals could increase the cost of wheat flour, bread, chapatis and other wheat products. C60 permits allow approved millers to import wheat under the Duty…
KIPPRA warns taxpayers
Taxpayers may have lost at least Ksh14.3 billion after the Treasury and Parliament approved the sale of Safaricom shares at a price below the valuation recommended by KIPPRA. The State think tank advised a minimum price of Ksh36.38 per share for the…
Exchange trading fund in East Africa
The NSE plans to launch East Africa’s first Exchange-Traded Fund (ETF) focused on artificial intelligence before the end of 2026. NSE CEO Frank Mwiti said the product will track a basket of companies with significant exposure to AI, giving investors…
Tanzania and Uganda Oil contract
Tanzania and Uganda have signed an MoU expected to attract more than Ksh2.58 trillion ($20 billion) in energy investments, including a major refinery in Tanzania’s Tanga region. The agreement was signed by Tanzania Petroleum Development Corporation,…
“No tax to be paid,”tax appeals tribunal ordered.
The Tax Appeals Tribunal has blocked KRA from taxing service charge collections handled by building and estate management companies, ending a four-year dispute with Nextgen Mall Management Company. KRA had demanded Ksh119.8 million in income tax and VAT,…
CMA approves Absa Asset Management
Absa Asset Management has received approval from the Capital Markets Authority (CMA) to launch two global multi-asset special funds.The regulator approved the Absa Global Multi-Asset Special Fund (KES) and the Absa Global Multi-Asset Special Fund (USD)…
Caroline Wambugu promotion at Safaricon
Safaricom has promoted Caroline Wambugu to Group Lead for Finance Controls, Performance and Investor Relations, expanding her responsibilities across the telecommunications firm’s finance function. Wambugu will now oversee financial controlling,…
12.2% net profit increase by NCBA
NCBA Group posted a 12.2 percent increase in net profit for the first half of 2026, supported by stronger earnings from its Kenyan banking business and continued growth across its regional subsidiaries. Profit after tax rose to Sh12.4 billion in the six…
Smart pharmalink
Smart Applications International has launched Smart PharmaLink, a pharmacy management platform designed to help pharmacies digitize patient management, prescription processing and inventory control. The platform integrates procurement, dispensing,…
Rise in pension deductions
Unremitted pension deductions rose to Ksh85.2 billion in the year ended December 2025 from Ksh69.4 billion a year earlier, highlighting growing risks to workers’ retirement savings.Data from the Retirement Benefits Authority (RBA) shows…