News

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 …

The 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 …

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 …

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 …