(NAIROBI, KENYA) – A Kenyan court has ordered the revenue authority to deliver a final ruling within 60 days on a tax dispute involving Geo Chem Middle East, a Dubai based firm contesting a KES 1 billion demand. The Court of Appeal issued the directive after dismissing Geo Chem’s latestContinue Reading
(NAIROBI, KENYA) – The National Social Security Fund is planning to increase its investments in offshore listed shares and private equities as it looks to diversify its portfolio away from domestic government securities and property markets. The State backed pension fund is seeking to appoint an investment manager to establishContinue Reading
(NAIROBI, KENYA) – The Competition Authority of Kenya is demanding that East Africa Breweries Limited set up a KES 15.5 billion reserve fund before it approves Diageo’s sale of a 65% stake in the brewer, causing a stalemate in the KES 388.2 billion deal. The competition regulator wants EABL toContinue Reading
(NAIROBI, KENYA) – Workers, traders and employers in Kenya risk bank account freezes, asset seizures and PIN deactivation as the Kenya Revenue Authority prepares to launch a crackdown on housing levy defaulters. Changes to the law, which took effect on July 1, allow the tax authority to enforce collection ofContinue Reading
(NAIROBI, KENYA) – Kenya’s imports from China rose by 34.7% in the first five months of 2026, as key infrastructure projects under President William Ruto’s administration moved into construction or preparation stages. China’s exports to Kenya climbed to KES 336.2 billion between January and May, from KES 249.5 billion inContinue Reading
(NAIROBI, KENYA) – The family of former Foreign Affairs minister Munyua Waiyaki has been ordered to surrender four apartments in Nyari it unlawfully took from buyers before renting them out during a long dispute. Rosslyn House Ltd and Rosslyn House Management Ltd, which are co-owned by the former minister’s kin,Continue Reading
(NAIROBI, KENYA) – Lamu Governor Issa Abdalla Issa Timamy is part of a group of investors set to buy majority stakes in two insurance firms from South Africa’s Absa Group. Regulatory filings and court documents show the governor is a director and shareholder of First Assurance Investments Limited, the vehicleContinue Reading
(NAIROBI, KENYA) – Anne Kinuthia-Otieno, the founding chief executive of Airtel Money Kenya, is leaving the mobile money business to take up a new role as Visa’s vice president and regional manager for East Africa. Her exit ends a short but eventful period at Airtel Money during which she tookContinue Reading
(NAIROBI, KENYA) – Kenya’s budget deficit is expected to widen by KES 143 billion to KES 1.288 trillion in the current financial year, driven by higher interest payments on domestic debt and possible tax cuts ahead of the 2027 General Election. A wider budget deficit points to increased borrowing becauseContinue Reading
(NAIROBI, KENYA) – Kenya Airways expects to bring in a strategic investor by December 2026 as part of a plan to rebuild its finances after years of losses and state support. The National Treasury told the Public Accounts Committee of Parliament that the airline and the government, which is theContinue Reading
