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Why All Bank Deposits Are Taxable Unless Proven Otherwise
KRA is entitled to treat all money flowing into a company’s bank account as taxable income, unless the taxpayer explains otherwise, the Tax Appeals Tribunal has ruled.
Standard Group’s KSh 1.5 Billion lifeline hits pause after 18 months
Standard Group Plc has suspended its previously proposed KSh 1.5 billion rights issue, putting its flagship recapitalization plan on hold.
Afreximbank Commits US$ 8bn to its Newest Member South Africa
South Africa has acceded to the Establishment Agreement of the Afreximbank, becoming the multilateral lender's 54th member state.
Nigeria Targets Continental Fintech Dominance with New Regulatory Framework
The CBN’s strategy integrates innovation policy, financial inclusion, systemic risk oversight, and cross-border expansion into a single coordinated framework
Asset Manager Lofty Corban Launches Private-Debt Focused Special Fund
The Lofty Corban Private Debt Special Fund will invest primarily in commercial paper and privately originated credit opportunities, offering capital to businesses and organisations
Kenya’s Global Business Outsourcing Firms Form Sector Alliance
Major business outsourcing operators in Kenya have launched the The Outsourcing Alliance of Kenya (OAK), a unified private-sector coalition dedicated to accelerating Kenya’s growth as a global hub for business services.
Finance Platform LemFi Launches Remittance Services in Australia as Global Expansion Continues
US President Trump Signs AGOA Extension, Pushes for More Market Access
The United States has extended the African Growth and Opportunity Act (AGOA) trade preference programme to December 31, 2026
State to Buy Local Rice Before Duty-Free Imports Resume
Court has ordered the government to first purchase locally produced rice nationwide before proceeding with the remaining half of a planned 500,000-tonne duty-free import
How Regulatory Overreach Forced Uber Out of Tanzania
At the center of Uber’s departure lies a prolonged standoff with Tanzania’s Land Transport Regulatory Authority (LATRA), whose rules have steadily narrowed the operating space for digital mobility platforms.
Kenya's New Trade Framework to Boost Exports, Cut Business Costs
Kenya is seeking to accelerate export growth and lower the cost of doing business through the proposed National Trade Development Bill, 2025,