Lawyers, Real Estate Agents Abetting Kenya's Money Laundering Networks
Kenya's efforts to curb money laundering face a tough challenge from designated non-financial businesses and professions (DNFBPs) — lawyers, real estate agents, and notaries — who operate in a regulatory [...]
President Ruto Assents to Supplementary Budget
President William Ruto has assented to the Supplementary Appropriation Bill, unlocking funds for various activities in the government for the last quarter of this fiscal year. Parliament Liason Committee chaired [...]Government Projects Hit in KSh 51 billion Budget Cut
Projects under Kenya Kwanza’s Bottom-Up Economic Transformation Agenda (BETA) will take a back seat following proposals in the second supplementary estimate to cut development expenditure. “The supplementary estimate 2 have [...]Kenya Seeks New IMF Deal, Dropping Ninth Review
Kenya has requested the International Monetary Fund (IMF) to drop the ninth review of the country’s existing loan program—tagged at over KSh 460 billion—and requested a fresh arrangement instead. “The [...]CBK Likely to Lower Interest Rate to 9% by Year End Absa Research
The Central Bank of Kenya (CBK) is likely to continue cutting the benchmark rate to 9% by the end of 2025 and hold it there for the next two years, [...]Kenya Targets Tea Industry Reform With New Levy, Ban on Hawking
Agriculture Cabinet Secretary Mutahi Kagwe has announced the creation of a Common Marketing Development Fund, financed from a new levy designed to promote tea in Kenya and internationally. “Anybody buying [...]Property Owners to Pay for Asbestos Removal
The government has directed a nationwide asbestos removal initiative from all public and private facilities in a bid to mitigate the health risks associated with its exposure. The National Environment [...]Regulator Orders Clinics Out of Petrol Stations, Residential Buildings
The Kenya Medical Practitioners and Dentists Council (KMPDC) has ordered health facilities operating in restricted areas such as petrol stations and residential buildings to relocate within six months, citing safety [...]Regulator Threatens to Sanction TikTok over Underage Sexual Content
The Communications Authority of Kenya (CA) has launched a formal inquiry and issued ultimatums to ByteDance’s TikTok after a BBC report traced the sale of sexual content involving minors via livestreams [...]‘Chickengate’ Scandal Convict James Oswago, 36 Others Eye IEBC Chair
Former CEO of the Independent Electoral and Boundaries Commission (IEBC), James Oswago, has been shortlisted among 37 candidates eyeing the chairperson's position in the electoral body — despite being convicted [...]More than 150 Mining Companies in Taita Taveta Operating Without Licenses
Kenya’s risks losing much needed revenue and community development due to illegal mining with Taita Taveta County alone having 158 companies operating without licenses, a review of mining records submitted [...]Blockchain Lobby Faults 3% Digital Asset Tax, Blurry Proposals in Crypto Bill
Representatives of the Kenya's blockchain industry have challenged the 3% Digital Asset Tax (DAT) on virtual assets and several provisions in the proposed crypto bill — claiming it exceeds global [...]
