(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
(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
