Jubilee Health Insurance Doubles Profit in 2024
Jubilee Health Insurance (JHIL), a subsidiary of listed financial services company Jubilee Holdings, doubled its net profit to KSh 910 million in 2024, up from KSh 438 million in 2023. [...]
Sameer Africa Posts KSh 260m Profit in 2024
Listed tyre manufacturer Sameer Africa has swung to a KSh 259.9 million profit after tax in 2024, up from KSh 46.3 million the year before. The jump was largely tied [...]How Land Registration Delays Forced Textile Firm to Pay More Taxes
The Tax Tribunal has dealt a blow to Fine Spinners Limited, a textile firm, after it affirmed a decision by the Kenya Revenue Authority (KRA) requiring the payment of an [...]
Kenya Ranks Third in Africa for Women’s Economic Inclusion
Kenya now ranks third in Africa for women’s financial and economic inclusion, according to the 2025 African Women’s Inclusion Index (AWII). Kenya scored 86.1 in financial inclusion, driven by its [...]KRA Introduces Rental Income Tax Compliance System
Kenya Revenue Authority (KRA) has launched the Electronic Rental Tax Information System (eRITS), as it aims to transform rental income tax compliance. “With this system, we aim to not only [...]Users Turning to Mobile Money for Insurance Services Surge-GSMA
Insurance is the least adjacent financial service offered by Mobile money Providers (MMPs) after credit and savings, even though it grew last year to 28% compared to 19% in 2023, [...]Court Rules Capital Markets Regulator Erred in Bank CFO Probe
The High Court has overturned a disciplinary decision by the Capital Markets Authority (CMA) against a former bank executive, ruling that the regulator violated due process by denying him access [...]Trump Pauses Tariffs at 10% for 90 Days, Escalates Spat with China
US President Donald Trump announced a 90-day suspension of his seismic tariffs on Wednesday, offering temporary relief to trading partners while escalating pressure on China with a steep tariff hike. [...]KCB Sets Pace With Rate Cut to 13.85%
KCB Bank Kenya has reduced its base lending rate from 14.6% to 13.85% per annum, aligning with the Central Bank of Kenya’s (CBK) recent decision to ease the Central Bank [...]Kenya Has Over 4,300 Hotel Rooms in Pipeline Amid Africa’s Hospitality Boom
Kenya has 4,344 hotel rooms in development across multiple projects, placing it sixth in Africa’s hotel construction rankings as the continent experiences record-breaking growth in hospitality investments. “According to the [...]Kenya’s Pension Assets Quadruple in 12 Years, Hit KSh 2.25 Trillion in 2024
Kenya's pension assets under management (AUM) reached KSh 2.25 trillion in 2024, capping off a decade-long expansion of the retirement benefits sector, data from the Retirement Benefits Authority (RBA) shows. [...]Digital Bank Umba Raises US$5mn Debt to Expand Asset-Backed Lending in Kenya
Digital bank, Umba, has raised a US$5 million debt facility to scale its secured lending operations in Kenya, underscoring a growing interest among African neobanks toward sustainable, long-term credit products. [...]
