Centum debt struggles
Centum Investment Company’s operating businesses are facing increasing pressure from debt even as the listed investment firm has managed to clear its own borrowings. The group’s bank loans rose to Sh13.6 billion, up from Sh12.2 billion in the previous…
Strict oversight for banks
The Central Bank of Kenya (CBK) has proposed stricter oversight for banks considered too important to the financial system, including Equity Group, KCB Group, NCBA Group, Co-operative Bank and I&M Bank. Reports that under the draft framework, lenders…
Pension funds offshore investment increment
Pension funds increased their offshore investments by 25% to Ksh104.99 billion in the year to June 2026 as managers sought to diversify portfolios and hedge against domestic risks. Report by the Retirement Benefits Authority (RBA) highlighted that much…
Fuel prices to rise
Kenya could face higher fuel prices and transport costs after shipping traffic through the Strait of Hormuz dropped sharply, raising concerns over imports from the Gulf. Reuters data showed only seven vessels passed through the route on Thursday, down…
United states investment in Kenya
The US has pledged to support Kenya in developing processing plants and related industries around the estimated Ksh8 trillion rare earth and niobium deposits at Mrima Hill in Kwale County, rather than exporting raw minerals. US Assistant Secretary of…
Ksh 52 billion emergency fund
Kenya is expected to receive about Ksh52 billion ($400 million) in emergency financing from the World Bank within six weeks to help cushion the economy against risks linked to Ebola, El Niño-related disruptions and high energy prices. Kenya applied for…
Changes in filling tax returns
The Kenya Revenue Authority (KRA) has announced a major shift in the country’s tax calendar, moving the deadline for filing Individual Income Tax Returns from June 30 to April 30. The change, set out in the Finance Act 2026 and signed into law by…
SGR first ever profit
The Standard Gauge Railway (SGR) recorded its first operating profit since launching in 2017, posting Ksh3.2 billion in the 2025/26 financial year. Kenya Railways attributed the turnaround to record cargo volumes, improved operational efficiency,…
KRA pin for youtube earners
Kenyan YouTube creators earning through AdSense will now be required to submit their KRA PIN details by October 1 to continue receiving payments as Google implements a new 5% withholding tax requirement. According to Google, submitted tax details will…
Proposal to extend uclaimed dividends
The Unclaimed Financial Assets Authority (UFAA) is proposing changes to help recover Ksh30.5 billion in unclaimed dividends held by saccos and Nairobi Securities Exchange-listed firms. A draft Bill seeks to extend the period before shares and dividends…