Crude oil export from Uganda
Uganda has announced that it expects to start exporting crude oil before the end of 2026, and has also named its crude oil “Pearl Sweet”. The exports will be transported through the East African Crude Oil Pipeline (EACOP), a 1,443-kilometre…
Uber Exits Nigeria And Uganda After Years Of Operations
After years of moving millions of passengers, Uber is suddenly hitting the brakes in two African countries . The ride-hailing giant Uber has ended its operations in Nigeria and Uganda, effective Wednesday, September 2, 2026, following a review of its…
News rules on dormant SIM cards
Safaricom, Airtel and other telecom operators could be barred from recycling dormant SIM cards after three months under new regulations proposed by the Communications Authority of Kenya (CA). The rules require telcos to notify subscribers after a SIM…
eTIMS invoices to suppliers
Businesses supplying goods and services to the government will now be required to generate valid eTIMS invoices before submitting payment claims through the Integrated Financial Management Information System (IFMIS) following a new integration by the…
Ziidi MMF assets growth
Ziidi Money Market Fund (MMF) grew its total assets by 90.2% year-on-year to Ksh20.33 billion in the first half of 2026, driven by strong growth in deposits and investment income. Surplus attributable to unit holders rose 149% to Ksh679.95 million as…
KUSSCO liquidation
Shareholders of the Kenya Union of Savings and Credit Cooperatives (KUSCCO) have approved the liquidation of the troubled institution after an audit revealed liabilities of Ksh17 billion against assets of just Ksh5.4 billion. The decision was made during…
Approval of NCBA shareholding
The Central Bank of Kenya has approved the acquisition of 66 per cent of the shareholding of NCBA Group PLC by Nedbank Group Limited. The approval, made on August 28, 2026, under Section 13 (4) of the Banking Act, will see the South African financial…
Minimimum yield clarification
The Kenya Revenue Authority (KRA) has clarified that the revised minimum yield of Ksh.3.2 million on containers carrying general consolidated cargo is not the actual tax payable by traders. In a statement issued on Thursday, August 27, KRA said the…
Nairobi stock exchange growth
The Nairobi Securities Exchange (NSE) profit after tax grew by 386 percent to Sh736.9 million in the first half of 2026, boosted by increased trading in equities and fixed-income markets. In the six months to June 30 last year, NSE recorded Sh151.6…
NCBA and HEVA funds for creative industry
NCBA and HEVA Fund have launched a Ksh20 million financing facility for Kenya’s creative industry, offering loans at a concessional 9% interest rate. The fund targets artists and creative businesses seeking capital for equipment purchases, working…