(NAIROBI, KENYA) – A social media account manager has filed a KES 5.2 million ($40,200, £31,400) counterclaim against the head of Kenya’s urban roads authority, in a dispute that began with the official seeking to recover control of his X account. Eugene Mokua lodged the counterclaim after Kenya Urban RoadsContinue Reading
(NAIROBI, KENYA) – A pension fund covering more than 5,000 former telecommunications workers in Kenya is preparing to sell its four largest property assets to government ministries by September 2026, a move that could deliver improved monthly payouts to its ageing membership. The TelPosta Pension Scheme is in advanced negotiationsContinue Reading
(NAIROBI, Kenya) – Kenya’s National Treasury has lowered its tax revenue target for the current financial year by KES 81.4 billion ($634 million, £498 million), signalling weaker than expected collections from corporate profits and worker earnings. The Treasury now expects the Kenya Revenue Authority (KRA) to collect KES 2.777 trillionContinue Reading
(NAIROBI, Kenya) – Kenya plans to create a public register of people who ultimately own or control trusts, a move designed to curb illicit money flows and help the country exit the global money laundering grey list. The Trust Administration Bill, 2026, now before Parliament, introduces mandatory disclosure of ultimateContinue Reading
(NAIROBI, Kenya) – Kenya used KES 207.7 billion of borrowed money to pay salaries, settle debts and meet other routine government costs in the financial year ended June 2026, breaching public finance rules for another year. The sum equals roughly $1.62 billion or £1.27 billion. More than one in everyContinue Reading
(Nairobi, Kenya) – A Kenyan warehousing developer has avoided a KES 228 million stamp duty charge by moving properties into its recently listed real estate investment trust, using a tax exemption reintroduced through the Finance Act 2026. Africa Logistics Properties transferred three warehouses in Tatu City and Tilisi, valued atContinue Reading
(Nairobi, Kenya) – Gross premium income for Kenya’s life insurance sector surged by 36.3 percent in the first quarter of 2026, driven mainly by a sharp increase in retirement savings channelled through private schemes from the National Social Security Fund. Data from the Insurance Regulatory Authority shows the industry collectedContinue Reading
(NAIROBI, KENYA) – A single shareholder now controls a 17.48 percent stake in Middle East Bank Kenya, regulatory filings show, placing the investor at the centre of strategic decisions at the Nairobi based lender. The holding makes the individual the largest investor in a bank originally founded by a DubaiContinue Reading
(NAIROBI, Kenya) – The High Court has rejected a bid to suspend three directors of the Kenya Electricity Transmission Company (Ketraco), ruling that the nation’s new law for government owned enterprises does not apply to the utility firm. The court stated that Ketraco is not named under the Government-Owned EnterprisesContinue Reading
(HAVANA, Cuba) – Namibia and Cuba have begun talks on moving their longstanding political alliance into a new phase focused on economic independence, as Prime Minister Elijah Ngurare started a six day official visit to Havana. The visit runs from 6 to 11 August and includes plans for expanded cooperationContinue Reading
