Growth in Saccos deposit
Total deposits held by Saccos in Kenya grew by 11.12 percent to Sh832.74 billion last year, latest data from the Sacco Societies Regulatory Authority (SASRA) shows. The increase represents a rise from Sh749.43 billion recorded in 2024.Higher deposits…
Dangote construction machinery lands in Lamu
The Port of Lamu has received 2,930 metric tonnes of heavy construction machinery for the proposed Sh2 trillion Dangote East Africa Refinery, ahead of a planned groundbreaking ceremony next week.Kenya Ports Authority (KPA) Chief Executive Officer Captain…
Kenya’s industralisation opportunities
Kenya is seeking to turn its diplomatic engagements at the 81st United Nations General Assembly into concrete investment and industrialisation opportunities, with about $750 million in investment opportunities linked to a new UNIDO programme and talks on…
WhatsApp Isn’t Free Anymore
For Kenyan businesses that have turned WhatsApp into a customer-service lifeline, every reply could soon come with a price tag. Kenyan businesses using the WhatsApp Business Platform will begin paying Meta for certain service messages from October 1,…
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…