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 …
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 …
The U.S. has once again criticized Kenya over widespread corruption in public procurement, accusing officials of extorting American firms seeking government tenders. In its 2025 National Trade Estimate Report, the …
In a bold and unprecedented move, the Central Bank of Kenya (CBK) has slashed key interest rates in a triple-pronged policy shift aimed at pushing commercial banks to reduce lending …
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