Benjamin Tayari Appointed as KPA Chairman
The Cabinet Secretary for Roads and Transport, Kipchumba Murkomen, has announced Benjamin Tayari’s appointment as the new Chairman of the Board of Directors of the Kenya Ports Authority (KPA). In [...]
National Treasury CS Appoints 5 New KRA Board Members
The Cabinet Secretary for the National Treasury and Economic Planning, Njuguna Ndung'u, announced the appointment of five new Kenya Revenue Authority (KRA) Board Members. Darshan Shah, Wilkister Simiyu, Fancy Too, [...]Fintech firm Kwara acquires Credit Unions Software Firm IRNET Coop
Kenyan fintech company Kwara, which is helping to turn traditional savings cooperatives into modern digital banks, has announced the acquisition of IRNET Coop KenyaLtd,asoftwarecompany whichisasubsidiary ofthe KenyaUnionof Savings and Credit [...]High Court Suspends Bank to M-pesa Charges
The High Court has ordered Safaricom and the central bank to halt the re-introduction of charges on transactions made between mobile money wallets (M-pesa) and lenders pending the determination of a [...]
Satellite Internet Firm, Starlink to Launch in Kenya
Elon Musk's satellite Internet company, Starlink, has announced that it will launch in Kenya in the second quarter of this year. The billionaire technology entrepreneur's company announced it is pending [...]KRA Collects KES 768 Billion in the First Five Months Missing Set Target
The Kenya Revenue Authority (KRA) collected KES 786.5 billion between last July and November in taxes, falling short of the target of KES 818.7 billion that had been set by [...]Betting Firms to Pay Daily Taxes in KRA's New Reforms
Betting companies will now pay taxes daily by 1 am in new reforms that have seen KRA plug into their platforms to allow real-time computation of taxes as the government [...]CBK Raises KES 31.5 Billion from January Bonds Sale
The Central Bank of Kenya (CBK) raisedKES 31.5 billion from the January bond auction on Tuesday, raising significantly less than the KES 50 billion targets. The difference between the acceptance [...]Diaspora Remittance Rise by 9%, Hitting a Record High of KES 453 Billion
Diaspora remittances withstood global headwinds last year, increasing by 9% to KES 453.6 billion in 11 months from KES 416.2 billion the previous year. According to Central Bank of Kenya [...]Safaricom Reverses Plan on Expiry of Bonga Points
Safaricom has reversed a plan to put an expiry date on its Bonga loyalty programme that had accumulated to KES 4.5 billion in liabilities by March 2022. The publicly traded [...]Kenya's Electricity Capacity Rises to 3,000MW
Kenya incorporated 102.34 megawatts to its installed capacity for electricity generation in the fiscal year 2021/22, bolstering efforts to provide stable power at a time when peak demand reached a [...]Vivo Energy Accounts for Nearly a Quater of Fuel Product Sales in 2022
Vivo Energy Kenya, a retailer of Shell-branded fuel products, sold nearly a quarter of all petrol, diesel, and kerosene in the fiscal year ended June 2022, reflecting the impact of [...]
