Finance Bill 2026 Ends VAT Relief For Affordable Housing Materials, Tourism Sector
The Finance Bill 2026 has proposed to raise taxes on tourism, aviation, and affordable housing while exempting VAT on phones, electric transport, and key medical supplies
WPP Scangroup Calls AGM, Replaces Three Directors Ahead of Ouster Vote
WPP Scangroup has called its 20th AGM for 8 June 2026, folding Bharat Thakrar's board removal resolutions into the agenda as special business. Three targeted directors, Jon Eggar, Patou Nuytemans and Shahid Sadiq, have already retired, replaced by three WPP network insiders including WPP Plc's Group Finance Director.
Asahi Moves Closer to EABL Acquisition With Takeover Exemptions from East African Regulators
Asahi Group Holdings has secured mandatory takeover exemptions from capital markets regulators in Kenya, Tanzania and Uganda, clearing a key procedural hurdle in its US$2.3 billion EABL acquisition. Antitrust approvals and a Court of Appeal case filed by distributor Bia Tosha remain outstanding.
Africa CEO Forum: Nigeria's Tinubu Calls for Pan-African Commodity Exchange to Cut Dollar Dependence
At the ongoing Africa CEO Forum, Nigeria's President Bola Ahmed Tinubu has called for the establishment of a continent-wide African commodity exchange platform.
Kenya's Treasury Bill Rates Rise for Fifth Straight Auction on Inflation Jump
Kenya's 91-day T-bill rate has risen for five straight auctions since late April 2026, climbing from a floor of 7.40% to 8.32%. The reversal follows the end of the CBK's 10-cut easing cycle, a jump in inflation to 5.6%, and a record KSh 1.1 trillion domestic borrowing target for FY2026/27.
NVIDIA vs Silver: What a Chip Company Overtaking a Precious Metal Tells Us About the New Economy
For the first time in history, three of the five most valuable assets on earth are not things you can hold in your hand. The market has not gone haywire.
Africa’s Electrification and AI Data Centre Boom Sparks New Industrial Race in Kenya and the Continent
Rapid advances in artificial intelligence, data centres, electric mobility and smart grids are accelerating demand for electricity and digital infrastructure across the world
Bankers Lobby for 5% PAYE Cut After Treasury Drops Promised Tax Relief
The Kenya Bankers Association is lobbying for a uniform 5% PAYE reduction and a 30% top rate cap after the Finance Bill 2026 omitted promised tax relief.
KMRC's KSh 3Bn Green Bond Draws KSh 9.4Bn in Bids
KMRC raised KSh 3bn through its Tranche 2 sustainability bond after KSh 9.38bn in bids, a 312.8% oversubscription. The note priced at 12.2% per annum payable semi-annually. Notes list on the NSE Fixed Income Securities Market on 25 May 2026
Finance Bill 2026 Scraps 5% Preferential Withholding Tax for East African Investors
Uganda and Tanzania do not offer a similar preferential rate on dividends for EAC citizens, meaning Kenya’s move brings it closer to their approach.
Co-op Posts KSh 8.41 Bn Q1 Profit as Deposits Cross KSh 600 Bn
Co-operative Bank of Kenya Group reported a record net profit of KSh 8.41 Bn for Q1 2026, up 21.3%. Customer deposits crossed KSh 600 Bn for the first time. Kingdom Bank doubled profit to KSh 290 Mn. Gross NPLs fell 3.6%, cost-to-income ratio narrowed to 53.0%.
Kenya Raises Fuel Prices For May-June Cycle Amid Supply, Quality Concerns
Diesel hit a record KSh 242.92 per litre in Kenya's May-June 2026 fuel cycle as Middle East supply disruptions drove landed costs higher for a second consecutive month. Learn what's driving the spike and what it means for your wallet.
