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 …
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Diaspora Remittances Rise Slightly to Sh159.5 Billion in Q1 Amid Slower Growth
by Editorby EditorKenyans 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 …
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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 …
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Isiolo Airport incomplete after 14 years, requires additional Sh4.8 billion for full operation
by Editorby EditorMore 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 …
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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 …
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NewsPolitics
UDA Party Ready for Phase Two of Grassroots Elections Across 22 Counties
by Editorby EditorThe United Democratic Alliance (UDA) has entered the final stretch in preparations for the second phase of its nationwide grassroots elections, with the party’s National Elections Board (NEB) flagging off …
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Standbic Bank Kenya to Join China’s CIPS in Strategic Pivot Toward Yuan Transactions
by Editorby EditorStanbic 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 …
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Advocate Ndegwa Njiru has confirmed that former Kakamega Senator Cleophas Malala is currently in custody at Eldama Ravine Police Station, following a late-night arrest on Wednesday that drew attention from …
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News
Dreams in Jeopardy: Over 1,000 Bomet Students Face Uncertain Future as Scholarships Hang in the Balance
by Editorby EditorThe future of hundreds of needy learners in Bomet County has been thrown into uncertainty after the Senate suspended several county-run education initiatives, citing non-compliance with national laws and policy …
