TREASURY SET TO RECEIVE SH204 BILLION FROM SAFARICOM SALE
The National Treasury is expected to receive approximately Sh204.3 billion on Friday following the completion of the government’s sale of a 15 per cent stake in Safaricom Plc to South Africa’s Vodacom Group, marking one of the largest transactions in Kenya’s capital markets. Treasury Cabinet Secretary John Mbadi announced that the proceeds from the sale […]
NSE NAMES TOM MULWA CHAIRMAN
The Nairobi Securities Exchange (NSE) has announced the appointment of veteran financial services executive Tom Mulwa as the next Chairman of its Board of Directors, marking a planned leadership transition at one of Kenya’s key financial market institutions. In a statement issued on Thursday, July 2, the NSE said Mulwa will assume the role on […]
AIRTEL KENYA APPOINTS NEW MANAGING DIRECTOR
Airtel Kenya has appointed telecommunications executive Djibril Tobe as its new Managing Director, marking a leadership transition at the country’s second-largest mobile network operator as it seeks to sustain growth in an increasingly competitive telecommunications market. Tobe officially assumes office on July 1, 2026, succeeding Ashish Malhotra, who is leaving the company after four years […]
KRA WARNS OF PENALTIES AS TAX FILING DEADLINE ENDS TODAY
The Kenya Revenue Authority (KRA) has issued a final warning to taxpayers to file their 2025 income tax returns before the statutory deadline expires at midnight on June 30, cautioning that failure to comply will attract penalties and other enforcement measures. In a public notice released ahead of the deadline, the tax authority said there […]
KDC HOSTS 2026 CUSTOMER NETWORKING FORUM
The Kenya Development Corporation (KDC) has convened its 2026 Customer Networking Forum, bringing together clients, investors, development partners and other stakeholders for discussions on financing, investment opportunities and strengthening business partnerships. The forum serves as KDC’s annual customer engagement platform, providing an opportunity for businesses financed by the State-owned development finance institution to interact directly […]
RUTO SIGNS LAW ALLOCATING SH428 BILLION TO COUNTIES
President William Ruto has signed the County Allocation of Revenue Bill, 2026 into law, authorising the distribution of Sh428 billion in equitable share to Kenya’s 47 county governments for the 2026/27 financial year. The President assented to the Bill at State House, Nairobi, on Monday, completing the legislative process required before the National Treasury can […]
TALA ANNOUNCES JOB CUTS IN KENYA
Digital lending firm Tala has announced a fresh round of job cuts in Kenya as part of a broader global restructuring aimed at streamlining operations and repositioning the company for its next phase of growth. The company confirmed that fewer than 10 per cent of its Kenya-based workforce will be affected by the exercise, describing […]
FAMILY BANK SET FOR NSE LISTING
Family Bank is drawing heightened attention in Kenya ahead of its scheduled listing on the Nairobi Securities Exchange (NSE), set to take place on Tuesday, 23 June 2026, in a move that will formally transition the lender from the over-the-counter (OTC) market to the country’s main securities exchange. The listing, which has been approved by […]
NYORO DEFENDS FINANCE BILL ABSENCE
Kiharu MP Ndindi Nyoro has defended his absence during the National Assembly vote on the Finance Bill 2026 after facing mounting criticism from Kenyans and political commentators who questioned why he missed one of Parliament’s most closely watched sessions despite his vocal opposition to the legislation. The Finance Bill was passed by the National Assembly […]
EPRA CUTS FUEL PRICES AS DIESEL RECORDS BIGGEST DROP IN LATEST REVIEW
Thousands of motorists and businesses across Kenya are set to benefit from lower fuel costs after the Energy and Petroleum Regulatory Authority (EPRA) announced a reduction in the maximum pump prices for petroleum products in its latest monthly review. The new prices, which became effective at midnight on June 14, will remain in place until […]
SHIQUO WA HII STYLE SUFFERS MULTI-MILLION SHILLING LOSS AFTER ANTI-COUNTERFEIT RAID
Nairobi businesswoman and online retailer Shiquo Hii Style is counting significant losses after officials from the Anti-Counterfeit Authority (ACA) raided her store in the city’s Central Business District and seized merchandise suspected to be counterfeit. The operation took place at her shop located in RNG Plaza along Ronald Ngala Street. Authorities removed footwear, clothing, and […]
New hope for graduate as KRA tax break give way to opportunities.
Thousands of graduates could soon find new opportunities as the Kenya Revenue Authority unveils a proposal designed to push employers to hire and train young talent. At the centre of the plan is a draft regulation introducing a tax rebate for graduate apprenticeship programmes, an incentive that allows companies to offset part of their tax […]
Same Government, Different Sides:Leaders in Government Tear Into Own Regime Over Prices
A sharp rise in fuel prices has ignited a political storm across the country, with leaders issuing conflicting statements over the government-to-government (G2G) fuel importation deal even as President William Ruto defended the arrangement. The debate follows the latest review by the Energy and Petroleum Regulatory Authority (EPRA), which pushed the price of super petrol […]
Commuters Hit as Matatu Fares Surge 30% After Fuel Price Spike
Commuters nationwide are set to feel the pinch after the Matatu Owners Association announced a 30 per cent increase in fares, effective today, April 15. Speaking on Tuesday, Association chairman Albert Karakacha said the decision was driven by the recent surge in fuel prices, which has significantly raised operating costs for transport operators. The latest […]
EABL Inches Closer Towards Buyout as Legal Hurdle Falls
The proposed sale of East African Breweries Limited to Japan’s Asahi Group Holdings has moved closer to completion after the High Court dismissed an attempt to block the deal. In a ruling issued on Thursday, the court declined an application by Bia Tosha that sought to halt the transaction involving Diageo and Asahi, effectively […]
List of Kenya’s Fuel Powerhouses: The Companies Controlling the Pump
Kenya’s petroleum sector remains one of the most critical pillars of the economy, driven by a network of powerful oil marketing companies (OMCs) operating under the oversight of the Energy and Petroleum Regulatory Authority. While the term “oil markers” technically refers to chemical tracers used to curb fuel adulteration, it is commonly used to describe […]
Ticking Clock:Kenya’s Fuel Reserves Drop to Dangerous Lows after Easter celebrations
Kenya is staring at a potential fuel crisis, with shrinking petroleum reserves and rising global pressures threatening to trigger sharp price increases in the coming days. As the country heads into the high-demand Easter travel period, concerns are mounting over supply security and government preparedness. At the center of the unfolding situation is Energy Cabinet […]
NSE Launches Green Finance Bonds to Support Eco-Projects
The Nairobi Securities Exchange (NSE) has officially launched a new suite of Sustainable Finance Bonds aimed at funding renewable energy and smart city projects. The initiative has drawn significant interest from international investors looking for ESG-compliant assets in the African market.
Safaricom Ethiopia Hits 15 Million Subscribers Mark
Safaricom Ethiopia has reached a major milestone of 15 million active subscribers as of March 2026, marking a rapid expansion in the Horn of Africa. The company announced plans to further invest $500 million in network infrastructure to reach underserved regions and deepen digital financial service penetration through M-PESA.
International Conference on Smart Systems Opens in Nairobi
Nairobi is hosting the 3rd International Conference on Modern Optimization and Technological Advancement for Resilient Smart Systems. Experts from around the world are discussing the future of AI in urban planning, transport, and energy management, positioning Kenya as a regional leader in smart technology.
Kenya International Investors Conference Set for Nairobi
The Kenya International Investors Conference is scheduled for late March 2026, aiming to secure KES 260 billion in investments across agriculture, ICT, and renewable energy. The forum will run concurrently with the Coma Investment Forum, highlighting Kenya’s position as a premier investment destination in Africa.
Kenya’s 2026 Revenue Projected at Sh3.5 Trillion
Treasury forecasts indicate that Kenya’s total revenue for the 2026-27 financial year is expected to reach Sh3.588 trillion, equivalent to 17.1% of the GDP. The growth is attributed to expanded development spending and enhanced revenue collection measures implemented by the Kenya Revenue Authority (KRA).
Kenya’s National AI Strategy 2025-2030 Launched
The Kenyan government has released its National Artificial Intelligence Strategy 2025-2030, a framework to guide the responsible deployment of AI. The strategy identifies priority sectors including healthcare and agriculture.
NSE Ends Listing Drought With Kenya Pipeline Company IPO
The Nairobi Securities Exchange (NSE) is experiencing a significant turnaround with the IPO of Kenya Pipeline Company (KPC). This marks an exciting return of public sector listings to the market.
Kenya Leads Africa in Health Innovation With 224 Tech Startups
Kenya has cemented its position as Africa’s leading healthtech hub, with 224 health technology startups operating in the country as of early 2026. The Ministry of Health is also implementing plans to embed AI tools into the community health system.