KRA to freeze bank accounts
KRA is set to intensify enforcement against workers, traders and employers who fail to pay the housing levy, with defaulters facing account freezes, asset seizures and KRA PIN deactivation The government has stopped investing housing levy collections in…
EPRA new prices
Diesel consumers have missed out on a potential Ksh14 per litre price cut after the government redirected part of the relief to cushion petrol users. Under the latest fuel price review effective August 15 to September 14, diesel prices in Nairobi fell by…
New faces at Safaricom
Safaricom has appointed Vodacom Group Fintech CEO Mariam Cassim and Chief Human Resources Officer Matimba Mbungela as Non-Executive Directors, effective August 13, 2026, subject to regulatory approval. The appointments coincide with the resignation of…
Renewed contract
Kenyan apparel manufacturers, exporters and workers have received a boost after the US Senate extended the African Growth and Opportunity Act (AGOA) by two years, securing duty-free access to the American market until December 31, 2028. The Kenyan…
Interim dividend raised by 50%
KCB Group has raised its interim dividend by 50% to Ksh3 per share after reporting a 14% increase in net profit to Ksh36.9 billion for the six months ended June 2026. The dividend will see the lender distribute Ksh9.64 billion to shareholders, up from…
Kenya to IMF
Kenya has revived talks with the International Monetary Fund (IMF) for a new financing programme, a move that could bring fresh loans but also tougher economic conditions for taxpayers. IMF is expected to send a team to Nairobi to discuss a possible new…
18.2% drop on pension fund returns
Pension fund returns in Kenya fell to 18.2% in the 12 months to June 2026 from 29.4% a year earlier, according to a survey by Zamara. The decline was mainly driven by weaker fixed-income performance, as lower interest rates reduced gains from government…
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…