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Why KRA has changed tack in revenue collections

KRA has implemented several reforms aimed at improving the taxpayer experience and reducing compliance burdens.

By Brian Ngugi 3 days ago

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Budget reality check: Moody's warns Kenya of fiscal pain ahead

Rating firm warns austerity measures unlikely to yield much amid revenue shortfalls. It also cites country’s heightened debt risks, potentially raising the cost of external borrowing.

By Brian Ngugi 3 days ago

IM banks on Thunder with Sh10m

National Men’s Basketball Premier League champions Nairobi City Thunder secured a Sh10m sponsorship from I&M Bank Limited yesterday.

By Brian Ngugi 3 days ago

Co-op Bank in Sh1b student startups funding deal with Acorn and Absa

The "Zinduka" Graduate Enterprise Programme aims to support 5,000 to 10,000 new businesses annually, with graduates accessing loans of between Sh200,000 and Sh500,000.

By Brian Ngugi 2 days ago

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Ruto declares war on foreign mining giants ahead of G7 meet

President William Ruto renewed calls for UN and global financial reforms and pledged to end foreign exploitation of Kenya’s mineral resources ahead of the G7 summit in France.

By Brian Ngugi 4 days ago

Afreximbank secures investment grade rating, boosting lending firepower

The Afreximbank has secured a long-sought investment grade rating from S&P Global Ratings, a move that will lower its borrowing costs and expand its capacity to lend.

By Brian Ngugi 4 days ago

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Mwananchi Budget sinks households, small businesses, youth and counties

Analysts say the “Mwananchi Budget” relies on heavy domestic borrowing, worsening living costs and weakening support for jobs and small businesses.

By Brian Ngugi 7 days ago

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Broken promise: How Ruto's budget will starve hustlers

Kenya’s Sh4.82T budget deepens debt concerns as domestic borrowing surges, raising fiscal deficit fears and pressure on private sector credit.

By Brian Ngugi 7 days ago

Ruto's broken promise as record Sh1 trillion local debt looms

Kenya’s 2026/27 budget relies heavily on domestic borrowing as public debt nears Sh13 trillion, raising concerns over fiscal sustainability and growth.

By Brian Ngugi 7 days ago

China and Kenya lead calls for global dialogue to bridge shifting world divides

Wang pressed global leaders to prioritise unity over division, stressing the necessity of building consensus through cultural and people-to-people exchanges.

By Brian Ngugi 7 days ago

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Treasury faces budget squeeze as IMF, World Bank freeze loans

CBK Governor Thugge reveals the global lender is yet to disburse a Sh96.9 billion loan under its development policy operation.

By Brian Ngugi 9 days ago

Experts and lawyers warn Bill makes KRA judge and executioner

KRA is set to assume unprecedented powers that critics say will make it judge, jury, and executioner in tax disputes.

By Brian Ngugi 10 days ago

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How IMF pressure shaped Ruto's tax hikes

The lender has demanded that Kenya address its budget shortfall by introducing new taxes and reducing spending.

By Brian Ngugi 10 days ago

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House helps, farm workers set for higher pay under new laws

Labour CS Alfred Mutua directed that employers who fail to pay domestic workers the prescribed minimum monthly wage now face fines and possible imprisonment.

By Brian Ngugi 13 days ago

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How fuel crisis sparked Kenya's electric cars investment frenzy

Kenya Power has introduced a dedicated e-mobility tariff aimed at providing affordable charging rates for EV owners.

By Brian Ngugi 13 days ago

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New Excise Duty clause in Finance Bill threatens Sh350b trade in EAC

Proposal seeks to remove exemptions for goods from East African Community partner states entering Kenya. 

By Brian Ngugi 13 days ago

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Business activity dips in May amid deepening economic crisis

Kenya's worsening economic slowdown has reduced consumers' purchasing power, leading to declining business sales, falling demand, reduced economic activity, and job losses across multiple sectors.

By Brian Ngugi 15 days ago

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Ruto's new revenue hunt shifts to landowners

President Ruto’s administration expects ordinary revenue to shrink as a share of the economy in the next financial year and plans to reform land rent collection to offset the budget shortfall.

By Brian Ngugi 16 days ago

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MPs slash State House budget, pump billions into welfare

MPs have revised the Ruto government’s Sh4.82 trillion budget, reallocating funds away from the presidency to insulate vulnerable sectors and fund grassroots programmes.

By Brian Ngugi 16 days ago

All you need to know about Trump's nominee for US ambassador to Kenya

Veteran diplomat Henry Wooster has been nominated US ambassador to Kenya, ending a 19-month vacancy.

By Brian Ngugi 17 days ago

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CBK burns through forex reserves as Iran war hits homes

Rising fuel prices linked to the Iran conflict have pushed Kenya’s inflation to a 16-month high.

By Brian Ngugi 18 days ago

China cites ancient ties, pledges deeper cooperation with Kenya

China will deepen its cooperation with Kenya, its ambassador said on Monday, highlighting major infrastructure projects and educational exchanges as pillars of a relationship

By Brian Ngugi 18 days ago

Banks to step up loans recovery crackdown as NPLs climb in Q1

Commercial banks are preparing a sweeping crackdown on defaulters as non-performing loans (NPLs) climb to 15.6 per cent of gross loans in the first quarter.

By Brian Ngugi 18 days ago

Why CBK rules punish Kenya's safest borrowers and lock millions of farmers out of credit

Smallholder farmers in Kenya are being locked out of formal credit, not because they are risky borrowers, but because banking regulations are structurally biased against agriculture

By Brian Ngugi 21 days ago

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Co-op Bank named Africa's SME Bank of the Year

Co-operative Bank of Kenya has been named SME Bank of the Year in Africa at the 2026 African Banker Awards for its strong support of small and medium enterprises across the continent.

By Brian Ngugi 22 days ago

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Manufacturers warn of job losses, company closures if Finance Bill 2026 is passed

Manufacturers have opposed the Ruto administration’s Finance Bill 2026, warning that new levies on imports from EAC partner States could wipe out Kenya’s regional trade. 

By Brian Ngugi 24 days ago

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Kenya's debt nears Sh13 trillion mark as repayment woes mount

Official government data shows that Kenya's public debt is racing towards a record of Sh13 trillion.

By Brian Ngugi 26 days ago

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Mixed scorecard as Kenya hosts historic France-Africa summit

The Africa Forward Summit in Nairobi highlighted France’s push to rebuild ties with Africa through investment and mutual partnership.

By Brian Ngugi 27 days ago

KCB shareholders approve Sh22.5b dividend payout

KCB Group Plc shareholders have approved a total dividend payout of Sh22.5 billion for the 2025 financial year, rewarding investors with a 133 per cent jump in per-share returns. 

By Brian Ngugi 29 days ago

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NCBA: Nedbank sale deal on track as profit up 9pc

The tier-one lender said profit after tax rose to Sh6 billion in the three months to March 31, up from Sh5.5 billion a year earlier.

By Brian Ngugi 30 days ago

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Fuel is not a luxury, business lobby warns amid high prices

High fuel costs are crippling the flow of Kenya’s economy, a leading business lobby warned on Wednesday.

By Brian Ngugi 30 days ago

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From Boeing cockpit to truck seat: Building Africa's logistics backbone

Former Boeing engineer Charles Thuo founded Apexloads to tackle Africa’s costly logistics inefficiencies through digital freight verification and financing systems.

By Brian Ngugi 1 month ago

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IMF saw it coming: How global lender predicted Kenya's fuel protests

Protesters gathered along main roads across the country. Police fired tear gas to disperse them.  

By Brian Ngugi 1 month ago

Centum Re begins handover of 400 apartments at Nairobi's Two Rivers

Centum Real Estate has begun handing over units at its 400-apartment Cascadia development within Nairobi’s Two Rivers, with phased delivery expected through December 2026.

By Brian Ngugi 30 days ago

KCB Q1 net earnings hit Sh17.8b to join rivals in defying tough times

Growth majorly driven by growth in interest-earning assets and a drop in interest expense.

By Brian Ngugi 30 days ago

Equity Q1 net profit up 24pc to Sh18.3b on regional units

Equity’s regional expansion paid off, becoming the primary engine of earnings.

By Brian Ngugi 30 days ago

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Families feel the pinch as war-hit diaspora remittances shrink

A decline in diaspora remittances, driven by Middle East conflict and rising living costs abroad, is deepening financial pressure on Kenyan households.

By Brian Ngugi 1 month ago

Kingdom Bank deepens MSME push with Industrial Area branch

Kingdom Bank has opened a new branch in Nairobi’s Industrial Area, expanding its physical footprint into one of the country’s most concentrated hubs of MSMEs.

By Brian Ngugi 1 month ago

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Ruto's budget limbo deepens as IMF digs in on bailout conditions

The government’s fiscal planning has entered a precarious holding pattern after talks between President Ruto and IMF Managing Director Kristalina Georgieva ended without a breakthrough.

By Brian Ngugi 1 month ago

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Fuel lies: Crawling nation wrecked by wrath of Ruto's cheap fuel promise

Kenya’s record fuel price hike has exposed deep cracks in the government’s G-to-G fuel import system.

By Brian Ngugi 1 month ago