Tullow Oil, the well-known British company involved in oil and gas, has decided to leave Kenya after years of trying to help the country become an oil exporter. On April…

The National Treasury has approved the University of Nairobi’s plan to construct new student hostels with a total capacity of 4,000 beds under a public-private partnership (PPP) arrangement. According to…

Mauritius-based SBM Holdings has pumped an additional Sh819 million into its Kenyan subsidiary, SBM Bank Kenya, as part of continued efforts to stabilise operations amid mounting financial losses. The fresh…

Kenyans living and working abroad sent home $1.23 billion (Sh159.5 billion) during the first three months of this year, reflecting a slower growth rate of 2.2 percent compared to the…

The Kenya Revenue Authority (KRA) will publish a new valuation template for taxing imported second-hand cars by July 2025. The move follows mounting concerns from dealers over inflated duties and…

Kenya’s top nine tier I banks earned Sh61 billion more from lending in 2024, boosted by high interest rates that widened their margins despite rising deposit costs. A Business Daily…

More than ten years after construction began, Isiolo International Airport remains unfinished, with Transport Cabinet Secretary Davis Chirchir telling the Senate that an additional Sh4.8 billion is required to bring…

The National Treasury’s Principal Secretary, Dr. Chris Kiptoo, today launched the Electronic Rental Tax Information System (eRITS), a digital platform designed to enhance rental income tax compliance and expand Kenya’s…

Stanbic Bank Kenya’s parent company, Standard Bank Group, is set to join China’s Cross-Border Interbank Payment System (CIPS) by the end of 2025 in a strategic move aimed at enhancing…