(NAIROBI, KENYA) – KCB Group has raised its interim dividend by 50 percent to KES 3 per share after reporting a 14.2 percent growth in net profit for the half year ended June. The regional lender posted a net profit of KES 36 billion, up from KES 31.5 billion recordedContinue Reading
(NAIROBI, KENYA) – The Central Bank of Kenya has failed in its attempt to be removed from a court case in which an M-Pesa customer has sued Safaricom over mobile money fraud. The court ruled that the central bank’s role as regulator of payment service providers makes its presence necessaryContinue Reading
(NAIROBI, KENYA) – Kenya and the International Monetary Fund have restarted discussions on a new lending programme. The arrangement is expected to provide fresh loans but will also bring difficult conditions for taxpayers. The Central Bank of Kenya said on Wednesday that an IMF team will visit Nairobi soon. TheContinue Reading
(NAIROBI, KENYA) – The number of Primary Care Networks across Kenya’s 47 counties rose 22 percent to 277 in the 2025/26 financial year, as devolved governments accelerate a model designed to move routine health services closer to households and ease the burden on referral hospitals. The networks, up from 227Continue Reading
(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
