Airtel Wins KSh 11 mn Tax Dispute After KRA Procedural Lapse
The Tax Appeals Tribunal has sided with Airtel Networks Kenya Ltd. in a customs valuation dispute with the Kenya Revenue Authority (KRA), effectively saving the telco over Ksh 11 million [...]
Kenya Launches US$900 million Eurobond Buyback
Kenya has launched a buyback offer for its US$900 million Eurobond due in May 2027, as revealed in a regulatory filing on Monday. “The Republic is making the Offer, in [...]Kenya's Budget for Big 5 Sectors to Grow by KSh 405Bn in 2028
The budgets for the Health, Education, Security, Agriculture Rural and Urban Development, and the Energy Infrastructure and ICT sectors are to cumulatively increase by KSh 405 billion in the next [...]AfDB Shortlists 5 Candidates to Replace President Adesina
The African Development Bank (AfDB) board of governors has cleared 5 candidates to replace current President Dr. Akinwumi A. Adesina who is leaving office in September 2025. “The African Development Bank [...]Treasury Faulted for Kenya Airways KSh 55bn Bailout without Clear Recovery Plan
The National Treasury’s multi-billion-shilling bailout of Kenya Airways (KQ) is under fire after the Auditor-General’s 2023/2024 report revealed that the government extended over Ksh 55.3 billion to the national carrier [...]Nairobi County Chokes Kenya Power with Ksh3Bn Power Bill
On Monday, the Nairobi City County government clamped vehicles and dumped garbage outside the Kenya Power's Stima Plaza, in an apparent protest after the listed utility company disconnected power in [...]Conflicts Derail Africa’s Quest to be Food Secure-Expert
Conflicts in different parts of Africa are likely to worsen food insecurity if urgent solutions are not found, an expert has warned. “Different organizations we have worked with in West, [...]Nairobi Overpaid Food for Education' for School Feeding Program- Audit
A report by the Auditor General shows financial discrepancies in Nairobi County’s ‘Dishi na County’ school feeding initiative, including its pilot phase with Food for Education. This oversight allowed the [...]Toyota's CFAO Targets Full Control of GoodLife Pharmacy in Kenya Expansion
Toyota Tsusho affiliate CFAO Healthcare has set plans to buy Africa Chemist Beauty Care Inc. (ACBC), the parent company of GoodLife Pharmacy, from LeapFrog Investments in motion. Leapfrog Investments, [...]Nairobi County Loses Billions as Stalled Projects, Ghost Workers Proliferate
A damning audit by the Auditor-General has uncovered widespread financial mismanagement within the Nairobi City County, revealing billions of shillings unaccounted for, stalled multi-million shilling projects, and thousands of irregularly [...]BAT Kenya Maintains Dividend Despite 19.5% Profit Drop
BAT Kenya has posted a 19.5% drop in profits after tax to KSh 4.5 billion 2024 from KSh 5.5 billion in 2023. “Our export markets experienced headwinds including forex scarcity, [...]ABSA Bank Loses Appeal Over Retrospective Employee Benefits
In a landmark decision, the Court of Appeal in Nairobi has upheld a lower court’s ruling requiring ABSA Bank — previously Barclays Bank — to extend benefits from a backdated [...]
