(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
(NAIROBI, Kenya) – Reported insurance fraud cases in Kenya rose 48.6% in the first quarter of 2026, driven mainly by internal theft and organised schemes rather than document forgery on the street. Data from the Insurance Regulatory Authority show the Insurance Fraud Investigation Unit recorded 52 cases between January andContinue Reading
(NAIROBI, KENYA) – Nixon Azariah Ochieng’ Ooko, co-founder of Kenya’s first budget airline Fly540, died on 15 July 2026 in South Africa at the age of 76 following an illness. His death brings renewed focus on the rise and fall of a carrier that pioneered low cost flying in EastContinue Reading
(NAROBI, KENYA) – Kenya is developing new labour rules that would require major artificial intelligence companies, including OpenAI and Meta, to meet minimum pay standards and provide mental healthcare for local workers. The proposed policy from the ICT Ministry aims to establish protection guidelines for content moderators and data annotators,Continue Reading
(NAIROBI, KENYA) – Average annual commissions earned by M-Pesa agents in Kenya have fallen to a record low of KES 112,244 (USD 867, GBP 670), squeezed by a fast growing number of outlets competing for transactions. The figure, which works out to roughly KES 9,353 (USD 72, GBP 56) perContinue Reading
(NAIROBI, KENYA) – Imperial Bank, operating under receivership, has taken control of Salute Holdings Limited, one of East Africa’s largest authorised distributors of Apple products. The move is part of a wider push by the lender to recover billions of shillings owed by borrowers following its collapse in 2015. TheContinue Reading
(MOMBASA, KENYA) – A data entry mistake has cost a Finnish equipment maker a container handling contract worth KES 947 million (USD 7.31 million, GBP 5.6 million) from the Kenya Ports Authority. The Court of Appeal in Nairobi upheld the decision to disqualify Kalmar Finland Oy after the company changedContinue Reading
