(KAMPALA, UGANDA) – Workers moving between Kenya and Uganda could increasingly take their pension savings with them after the two countries’ social security funds set up a reciprocal arrangement for transferring accumulated balances. National Social Security Fund Uganda Managing Director Patrick Ayota said the Ugandan and Kenyan funds have establishedContinue Reading
(NAIROBI, KENYA) – Kenya’s Capital Markets Authority has warned the public against investing in 15 funds it says are operating illegally in the country, including two schemes that have drawn thousands of Kenyans in recent months. The regulator named Global Investment Group and Quant Vest Stock Exchange among the unlicensedContinue Reading
(NAIROBI, KENYA) – Centum Investment Company became a debt-free holding company in the year ended 31st March 2026, but borrowing risks have increased across its operating businesses, according to disclosures in its latest annual report. The Nairobi Securities Exchange-listed firm had previously used large amounts of debt to fund expansion,Continue Reading
(NAIROBI, KENYA) – Carrefour Kenya increased its revenue by KES 5.89 billion ($45.5 million / £35.9 million) in 2025, as the retailer expanded its store network across East Africa’s largest economy. The growth reflects Carrefour’s widening presence in Kenya, where it is competing more aggressively with Naivas and Quickmart. FinancialContinue Reading
(NAIROBI, KENYA) – Growing economic hardships in the country have pushed most Kenyans to seek relief by borrowing billions of shillings from digital lenders to meet their daily consumption needs. Latest data from the Central Bank of Kenya indicated that over eight million accounts had borrowed over KES 150 billionContinue Reading
(NAIROBI, KENYA) – Kenyan fintech WapiPay is partnering with Jamaican remittance company JN Money Services to expand cross border payment services between Africa and Jamaica, targeting faster and cheaper transfers as the two companies seek to grow transaction volumes. Under the partnership, which has been approved by the Bank ofContinue Reading
(NAIROBI, KENYA) – Banks and Safaricom accounted for 80.2 % of all dividends paid by companies listed on the Nairobi Securities Exchange in the last full financial year, confirming their place as the top choice for investors seeking steady income from equities. The 12 listed banks and the telecoms operatorContinue Reading
(NAIROBI, KENYA) – Calls are growing for Kenya to shift part of its tax burden from consumption to wealth, with policy experts and civil society groups pressing for a tax on the country’s richest individuals. The push comes as ordinary households continue to carry a large share of the taxContinue Reading
(NAIROBI, KENYA) – Kenya’s National Assembly has approved tax exemptions on a KES 3 billion ($23.2 million / £17.9 million) Japanese funded research programme at the Kenya Medical Research Institute (Kemri). MPs approved the recommendations of the National Assembly Committee on Delegated Legislation, clearing the way for implementation of theContinue Reading
(NAIVASHA, KENYA) – Savings and Credit Cooperative Societies (SACCOs) in Kenya have been urged to develop and share technologies to reduce the cost of investing in financial systems individually and to improve access to cybersecurity expertise, software development and digital products. Cooperative Alliance of Kenya (CAK) Chief Executive Officer DanielContinue Reading
