No Takeover Plan by Sanlam Kenya’s South African Majority Owners
Listed financial services group Sanlam Kenya Plc is navigating a significant corporate restructuring after it recently completed a KES 2.5 billion rights issue which has reshaped its shareholding structure. This [...]
Kenya Joins Uganda, Rwanda, Tanzania in Presenting 2025/26 Budget Highlights
Kenya will join Uganda, Rwanda, and Tanzania in presenting 2025/26 Budget Estimates this afternoon where Treasury CS John Mbadi is expected to provide clarity on how the Treasury intends to fund the spending plan in [...]
Kiuna Ngugi Tightens Grip on BOC Kenya After Blocking KSh 1.2B Carbacid Takeover
Kiuna Ngugi, a former chairman of BOC Kenya Plc, has quietly but steadily tightened his grip on the company just months after he successfully blocked a proposed takeover by Carbacid [...]KRA to Deactivate Accounts as VAT Collection Hits KSh 32Bn in May
The Kenya Revenue Authority (KRA) recorded a 16% increase in VAT collections, topping KSh 32.141 billion as at the close of May 2025. “It is noteworthy that the VAT burden [...]Wealthy Borrowers Dominate Hustler Fund, Undermining Its Original Purpose
Wealthy individuals have emerged as the most enthusiastic borrowers of the Hustler Fund, with 35.8% of those in the highest wealth quintile and 33.5% of those in the second highest [...]Budget Controller Urges Counties to Set Realistic and Achievable' Revenue Targets
The Controller of Budget (CoB) is recommending the revision of own source revenue (OSR) targets by counties to align with realistic and achievable targets, as the latest data points to devolved [...]CBK, World Bank Trim Kenya's Economic Growth Forecast Amid Trade Headwinds
The Central Bank of Kenya (CBK) has cut its 2025 growth forecast to 5.2% from 5.4%, blaming higher trade tariffs but nonetheless expecting stronger yields in the agriculture and service [...]NSE Bull Run Accelerates as Safaricom Sparks Another Rally
Safaricom's share price jumped by 6.1% on Tuesday, June 10, closing at KSh 22.60, marking the stock’s best daily performance since December 10, 2024, when it gained 6.34%. The positive [...]CBK Cuts Benchmark Rate to 9.75%, Revises 2025 GDP Growth to 5.2%
The Central Bank of Kenya Monetary Policy Committee (MPC) has lowered its benchmark interest rate by 25 basis points to 9.75%, returning it to single digits for the first time [...]Finance Bill 2025: Lobbies Push Against VAT on Solar Equipment
The Kenya Renewable Energy Association (KEREA) and GOGLA are urging lawmakers to maintain VAT exemptions on solar equipment in the 2025 Finance Bill. “This is not merely a theoretical concern,” [...]Kisumu Climate Tech Startup Tera Garners Approval to Sell Carbon Credits
Tera, a climate technology firm based in Kisumu, has become the first African project developer to receive independent validation on the ‘Riverse’ carbon registry, enabling the company to begin issuing [...]One Out of Every Five Products Sold in Kenya, Especially Online, is Counterfeit
The value of counterfeit products in Kenya has crossed Ksh1 trillion mark withAnti-Counterfeit Authority (ACA) estimatingthat one out of every five products sold in the market is counterfeit. “Some60.48% ofconsumersadmitted [...]
