Imperial Bank Directors Rescued from CMA Hearing Over Ksh 2bn Bond
The Capital Markets Appeals Tribunal has barred the Capital Markets Authority (CMA) from proceeding with an inquiry into the conduct of 8 directors of Imperial Bank during the application of [...]
EABL Half Year Profits Increase by 20% to KSh 8.1 bn
Listed brewer East African Breweries (EABL) recorded a KSh 8.1 billion profit after tax in the first half of 2024, a 20% increase from KSh 6.8 billion in the same [...]Two Thirds of Kenyan Households Cook with Unclean Fuels- KNBS Survey
Many rural households in Kenya still rely on unclean fuels such as firewood, charcoal, and paraffin to cook, driving the national dependence of these fuels to 65.6% according to [...]Kenya Power Declares Dividends as Half Year Profits Surge by 3025%
Kenya Power recorded a 3025.4% surge in profit after tax in the 6 months to December 2024 driven by reduced finance costs, increased electricity sales and lower cost of sales. [...]Generative AI is Fuelling a New Wave of Fraud in Africa
Rapid developments in generative artificial intelligence (AI) are fuelling a new wave of fraud in Africa, with fraudsters using AI to create hyper-realistic documents, images and voices to beat verification [...]Trump Threatens 100% Tariffs' on BRICS Countries
US President Donald Trump has repeated a threat to impose stringent tariffs on BRICS countries for attempts to replace the US dollar in international trade. We are going to require [...]
Banks Lobby Central Bank for More Interest Rate Cuts
Bankers have urged the Central Bank of Kenya (CBK) to cut interest rates further to stimulate private sector credit growth and economic activity, ahead of the CBK's Monetary Policy Committee's [...]Incomes, Consumer Habits Stagnated in 2024- ILAM Consumer Spending Index
Majority of Kenyans' incomes stagnated or dipped last year, affecting consumer habits across most sectors, the quarterly Consumer Spending Index by ICEA Lion Asset Management shows. “We also note that [...]Tax Tribunal Rules that Auction Sales Are Not VAT-Exempt
The Tax Appeals Tribunal (TAT) has determined that auction sales for debt recovery are not exempted from VAT, in a landmark case between Kenya Commercial Bank (KCB) and KRA. “The [...]Kenya Ports Authority on EACC Radar over KSh 2bn worth Criminal Activities
The Kenya Ports Authority (KPA) is under investigation for economic crimes whose value the Ethics and Anti-Corruption Commission (EACC) puts above KSh 2 billion. According to the anti-graft body's report [...]Is Your Payment Subject to Withholding Tax in Kenya?
Withholding Tax (WHT) is one of the most misunderstood components of Kenya’s tax system. Many individuals and businesses grapple with what it entails, who should pay, and what payments are [...]
23 Banks Slash Interest Rates after CBK's Progressive Cuts
Majority of Kenya's commercial banks have slashed interest rates on lending and deposits to a 4-month low, months after the Central Bank of Kenya (CBK) began its ongoing easing policy. [...]
