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…
Airtel launches Bizna wallet
Airtel Kenya has launched Bizna Wallet, a mobile money product targeting micro-businesses and directly competing with Safaricom’s M-Pesa Pochi la Biashara. The new wallet allows customers to pay businesses at no cost. The move comes ata a time when…
Foreign exchange rise
Kenya’s foreign exchange reserves rose by a record 1.55 billion U.S. dollars this week to reach an all-time high of 15.4 billion dollars, the Central Bank of Kenya (CBK) announced in its weekly financial markets update on Friday evening. The reserve…
CBK bonds sale
CBK has opened a Ksh150 billion sale of three reopened infrastructure Treasury bonds to finance government infrastructure projects. the offer closes on August 12, with settlement scheduled for August 17. The bonds have remaining maturities of 9.3, 12.7…