CS Joho Warns Against Exploring, Mining Strategic Minerals
The government has issued warning to individuals against mining activities on minerals classified as strategic such as Copper, Coltan and Chromite. “As a Ministry, we are committed to execute the [...]
Kenya's Most Funded Fintech M-Kopa Fined KSh 885.87 Million in Taxes in Jurisdiction Dispute
Fintech giant M-Kopa has been ordered to pay KSh 885.87 million in taxes by the Tax Appeals Tribunal in a landmark ruling on tax jurisdiction. The tribunal set aside the [...]
Data Regulator Fines SBM Bank KShs. 450,000 for Privacy Breach
The Office of the Data Protection Commissioner (ODPC) has fined medium sized lender SBM Bank Kenya, the local subsidiary of Mauritius based lender State Bank of Mauritius (SBM) Holdings, KSh. [...]Kenya Seeks Germany's Commitment on Increased Financing for World Bank Fund
Kenya will seek Germany's commitment on increasing its financing to support Africa's ambition to meet its climate and development goals, President William Ruto's press office said in a statement on [...]Compliance with Data Protection Laws Wanting -Data Commissioner
Data Commissioner Immaculate Kassait has decried the low compliance of data processors and controllers with data protection laws despite growing awareness from the public about breaches. At a recent workshop [...]Tax Tribunal Rules Against Car General on Subsidiaries' Profits
Car General has been barred from using profits from its two subsidiaries Watu Credit and Cummins CG Joint Venture to reduce its tax obligations in a Tax [...]Sacco Membership Grows to 6.84mn Despite 2 Deregistrations
The membership of regulated saccos increased last year to 6.84 million from 6.42 million members reported in 2022, despite a drop in the number of regulated saccos during the period. [...]Imported Used Clothes Linked to Health, Environmental Disaster-Greenpeace
Top importers of second-hand clothes have been put on high alert over environmental and health disaster, a new report by Greenpeace Africa and Greenpeace Germany says. According to International Trade [...]Longhorn Publishers Posts KSh 237.9mn Loss
Longhorn Publishers posted a loss after tax amounting to KSh237.9 million in the full year 2024, a 58.4 percent reduction from a KSh571.3 million loss recorded in the same period [...]Nigerian Fintech Rise Finalizes Acquisition of Kenyan Startup Hisa
Rise, a Nigerian global investments startup, has completed its second acquisition in under one year after taking over Hisa, a Kenyan startup that facilitates stock trading. This acquisition aligns perfectly [...]CS Mbadi Signals New Budgeting Approach in FY2025/26
Cabinet Secretary for Treasury and National Planning John Mbadi has said that Kenya’s Ministries Departments and Agencies (MDA’s) entire budgets will have to be justified and approved in the 2025/26 [...]Energy CS Wandayi Eyes Private Sector Capital to Adress Power Blackout
Energy Cabinet Secretary Opiyo Wandayi has said that the government is looking at tapping private sector capital among other options to address the persistent power blackout that is now becoming [...]
