Institute of Public Finance Calls out State for Funding Weak Programmes
The Institute of Public Finance (IPF) is pushing for the urgent strengthening of linkages between budget planning and execution ahead of June tabling of 2025/26 KSh 4.3 trillion budget, noting that the weak [...]
Safaricom's Dispute with Fintech Over M-PESA Bill Manager Escalates
Safaricom PLC is facing renewed legal pressure after the High Court declined to strike out a cross-appeal filed by fintech firm Kibo Capital Group in an ongoing intellectual property dispute [...]Tullow Oil Exits Kenya Amid Regulatory Delays, Uncertain Investment Outlook
Tullow Oil PLC has agreed to sell its entire Kenyan portfolio to Gulf Energy Ltd for a minimum consideration of $120 million, effectively exiting a project that has faced years [...]Unrealistic Budgets Hinder KRA from Hitting Revenue Targets-EY
Big Four professional services firm Ernst Young has linked Kenya Revenue Authority’s (KRA) failure to meet tax targets to unrealistic budgets. The projected total revenue, which includes tax revenues [...]Tribunal Restores Super Metro Suspension over Safety Concerns
The Transport Licensing Appeals Board has issued a series of compliance directives to Super Metro Limited following safety violations, reinstating a suspension of its operations pending compliance. NTSA’s March 18 [...]MyCredit Secures KSh 1.4bn for Onward Lending to Kenya's Private Schools
Digital credit provider MyCredit has secured KSh 1.4 billion in funding from global impact leaders Oikocredit and BlueOrchard to lend to private schools in Kenya. “By offering customized loan solutions, [...]
Nation Media Group Posts Second Straight Loss in 2024 as Turnover Falls
Listed media conglomerate Nation Media Group Plc (NMG) has reported a net loss of KSh 254.4 million for the year ended December 31 2024, which is an extension of the [...]
Heineken Fined for Stifling Competition in Comesa Market
Heineken has been found guilty of anti-competitive practices within the COMESA region, including blocking its distributors from selling other brands, setting for them minimum resale prices and enforcing territorial restrictions. [...]Kenya Names Top Officials to EU Trade Council
Kenya has appointed a team of Cabinet Secretaries to lead its representation on the newly established Economic Partnership Agreement (EPA) Council with the European Union, a key step in operationalizing [...]Government Erred in Disposing Leased Land Despite Renewal Application-Supreme Court
The Supreme Court has ruled in favour of an aggrieved land owner whose land was reallocated and then sold off after the expiry of the lease period, despite making an [...]Bolt Sees 46% Drop in Off-App Rides in Kenya After Tightening Safety Measures
Ride-hailing firm, Bolt, has reported a 46% decline in offline, trips in Kenya over the past six months, a shift the company attributes to a suite of new safety measures [...]NCBA to Pay KSh 250,000 for Sending Transaction Emails to Wrong Recipient
The Office of the Data Protection Commissioner (ODPC) has ordered NCBA Bank to pay KSh 250,000 in compensation to a customer whose personal data was mishandled. “In considering whether to [...]
