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Equity Group announces sweeping board overhaul ahead of June AGM
Jun 09, 2025 at 07:32 AM
Equity Group is preparing to usher in a fresh chapter in its governance structure by replacing four Kenyan directors with six foreign nationals, as part of its strategic pivot towa...
Twiga Foods halts operations temporarily as it shifts to new strategy and location
Jun 09, 2025 at 06:50 AM
Twiga Foods, a prominent player in Kenya’s fresh produce and retail distribution sector based in Nairobi, has temporarily suspended its delivery operations as it undertakes a sig...
Govt leases Muhoroni, Chemelil sugar mills for 30 years as MPs seek clarity
Jun 09, 2025 at 06:14 AM
The government has leased Muhoroni and Chemelil sugar companies to private players for three decades, signalling a decisive move to revitalise the collapsing sugar industry....
Wezesha Mama: M-Pesa Foundation's initiative to power women-led businesses
Jun 06, 2025 at 09:23 PM
The M-Pesa Foundation has launched Wezesha Mama, a bold, national programme to equip more than 500 women’s groups across Kenya with business support, financial literacy, and fund...
Treasury under fire as secret Sh5 fuel levy plan triggers uproar in parliament
Jun 05, 2025 at 06:27 PM
The National Treasury is facing strong criticism in Parliament over a secret plan to increase the fuel levy by Sh5 per litre to fund a Sh270 billion loan through a controversial se...
Standard Group posts Sh1.1 billion loss as revenue plunges 23 per cent
Jun 05, 2025 at 04:50 PM
Standard Group PLC has reported a pre-tax loss of Sh1.1 billion for the year ending December 31, 2024, following a sharp 23 per cent decline in revenue to Sh1.84 billion....
Government mulls overhaul of housing levy as workers decry payslip pressure
Jun 05, 2025 at 03:23 PM
The government is considering a shake-up of the Affordable Housing Levy, following persistent uproar from workers who say the mandatory salary deductions have become a strain on th...
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Kenya loses Sh23.2 billion in gold each year as illicit exports dwarf official figures
Jun 05, 2025 at 11:32 AM
A new report has revealed that Kenya is quietly bleeding an estimated Sh23.2 billion annually through illicit gold exports, with smuggled consignments outweighing the country’s d...
CAK boss David Kemei appointed interim chairman of EAC Competition Authority
Jun 04, 2025 at 08:55 PM
David Kemei, the Director-General of the Competition Authority of Kenya (CAK), has assumed a critical role in shaping the regional economic landscape after being appointed as inter...
Why Treasury shelved PAYE tax cut plan
Jun 04, 2025 at 04:50 PM
A plan to relieve the tax burden on salaried workers has been shelved after the Kenya Revenue Authority failed to meet its revised revenue target by a margin of Sh130 billion, Trea...
Africa sets sights on seamless digital future with sweeping Nairobi declaration
Jun 04, 2025 at 02:42 PM
A decisive step toward economic integration in Africa's digital space has emerged from Nairobi, where the 14th Connected Africa Summit concluded with the formal adoption of the ‘...
Inchcape named New Holland’s official distributor in Kenya ahead of rollout
Jun 04, 2025 at 11:53 AM
Inchcape Kenya has secured the exclusive distribution rights for New Holland agricultural machinery in Kenya, positioning itself to begin sales and support for the globally recogni...
NCBA forum explores SME challenges, financial opportunities in Migori County
Jun 03, 2025 at 07:02 PM
Over 100 small and medium business owners gathered in Migori during a dinner organised by NCBA Bank to explore financial solutions and discuss economic opportunities in the region....
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Moniepoint gets CAK nod to acquire 78 per cent stake in Sumac Microfinance
Jun 03, 2025 at 02:42 PM
Moniepoint Inc. has received unconditional regulatory approval from the Competition Authority of Kenya (CAK) to acquire a 78 per cent shareholding in Sumac Microfinance Bank Limite...
Safaricom unveils M-pesa Sokoni Festival with deals kuruka to celebrate 18 years
Jun 03, 2025 at 01:03 PM
Safaricom has kicked off a two-month countrywide festival showcasing exclusive offers and community initiatives, as it builds momentum towards its 25th anniversary in October....
Kenya's foreign debt surges to Sh11.36 trillion as interest payments soar
Jun 03, 2025 at 11:59 AM
Kenya's foreign debt ballooned to Sh11.36 trillion by March 2025, fuelling fresh anxiety over how the country will balance its loan obligations with the urgent need for development...
Adani fights Iran LPG import claims
Jun 03, 2025 at 10:29 AM
Adani Group has rejected claims of wrongdoing following a report that the United States Department of Justice is investigating whether any of its entities played a role in the impo...
Dealers face Sh1 million fines in EPRA's new law on energy-intensive appliances
May 31, 2025 at 05:36 PM
A new directive from Kenya’s energy regulator has put traders on notice: anyone producing, importing or selling certain energy-intensive appliances without government approval no...
City Hall to expel hawkers from CBD and restrict their trade to designated zones
May 31, 2025 at 04:52 PM
Nairobi City County has announced that hawkers will no longer be permitted to operate within Nairobi’s Central Business District (CBD), as part of a new plan to reduce congestion...
HELB turns to police to track defaulters as Govt intensifies loan recovery efforts
May 31, 2025 at 03:51 PM
The Higher Education Loans Board (HELB) has disclosed plans to work with law enforcement to trace former university students who have defaulted on their student loans....
KRA new digital system seeks to push rental income tax payment by landlords
May 31, 2025 at 01:22 PM
The Kenya Revenue Authority (KRA) has introduced a new digital platform aimed at simplifying how landlords pay taxes on rental income, as part of efforts to boost compliance and re...
KCB Group finalizes sale of NBK to Access Bank of Nigeria in a strategic transaction
May 30, 2025 at 11:31 PM
KCB Group has finally completed the sale of its entire stake in the National Bank of Kenya (NBK) to Nigeria’s Access Bank in a landmark transaction....
13 reasons why you should pick NCBA Bank as your ultimate financial partner
May 30, 2025 at 07:38 PM
In the current dynamic financial landscape, selecting the right banking partner that will meet all your financial needs has never been more critical....
Dealers unease as KRA set to overhaul second-hand car import taxes from July
May 30, 2025 at 07:02 PM
Disquiet is deepening among second-hand vehicle dealers as Kenya Revenue Authority (KRA) readies to switch to a new Current Retail Selling Price (CRSP) on July 1, 2025....
BCLB bans content creators, influencers and celebrities from promoting betting
May 30, 2025 at 04:19 PM
The Betting Control and Licensing Board (BCLB) has banned content creators, influencers and celebrities from endorsing or promoting gambling in latest steps to tackle betting ads.B...
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Binance-backed Kenya blockchain event draws over 1,500 amid crypto tax reforms
May 29, 2025 at 08:31 PM
More than 1,500 participants from across Africa’s blockchain and crypto ecosystem are set to converge in Nairobi for the Kenya Blockchain and Crypto Conference (KBCC) 2025....
DTB Q1 2025 profit up 9.9 per cent to Sh3.23 billion, proposes Sh7 dividend
May 29, 2025 at 07:55 PM
Diamond Trust Bank (DTB) Kenya recorded a 9.9 per cent increase in net profit to Sh3.23 billion for the quarter ended March 2025, up from Sh2.94 billion in the same period last yea...
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