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NEWS & CURRENT AFFAIRS

Digital News

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Graham Kajilwa

Role of Commissioner for Cooperatives questioned in Kuscco Sh13b saga

The role of the Commissioner for Cooperative Development in the Kuscco scandal has been questioned as affiliated societies’ officials fight a directive to dismiss them from office.

Role of Commissioner for Cooperatives questioned in Kuscco Sh13b saga

State defends tax regime as firms mull Kenya exit

State defends tax regime as firms mull Kenya exit

America unfazed with Chinese influence as Ruto meets Jinping

America unfazed with Chinese influence as Ruto meets Jinping

State taps new team to review Sacco laws

State taps new team to review Sacco laws

Treasury PS blames ballooning debt on costly new constitution

Tresury PS Chris Kiptoo said the country’s budget deficits have been widening since the adoption of the new constitution, which necessitated more borrowing.

Treasury PS blames ballooning debt on costly new constitution

Will new KRA system bring more landlords into the tax net?

The lack of data on the number of landlords and rental properties in the country has been cited as a major hindrance to bringing them into the tax net.

Will new KRA system bring more landlords into the tax net?

Push to consolidate small pension schemes gathers pace in reforms

Industry players say this is the only way for the sector to gain economies of scale. Kenya’s pension assets under management surpassed Sh2.3 trillion as of the end of December 2024.

Push to consolidate small pension schemes gathers pace in reforms

Manufacturers seek higher loan limit in credit guarantee scheme

Manufacturers want the State CGS for small businesses to be increased by Sh15 million and the repayment period extended to eight years.

Manufacturers seek higher loan limit in credit guarantee scheme

RBA eyes policy reforms to up contributions

Retirement Benefits Authority has set its eyes on the informal sector as it seeks policy reforms to increase contributions, amid an improved pension assets to GDP ratio.

RBA eyes policy reforms to up contributions

NSE recovery ups pension assets under management to Sh2.3tr

Retirement Benefits Authority shows quoted equities as one of the asset classes, which has always been shunned by fund managers, seeing a revival in the year, growing by 15.6 per cent.

NSE recovery ups pension assets under management to Sh2.3tr

Why tenants can't purchase their dwelling units

Majority of tenants would rather build their units - a bungalow or maisonnette – rather than purchase the unit they are renting at the moment.

Why tenants can't purchase their dwelling units

Ruto vows fight back against Trump tariffs on Kenyan goods

President William Ruto has broken his silence on the 10 per cent tariff imposed on Kenyan exports to the US, asserting that the country will safeguard its interests amid the global trade war.

Ruto vows fight back against Trump tariffs on Kenyan goods

How wrong classification of businesses hurts State planning

Wrong categorisation of businesses and the lack of a standard definition of SMEs have stood out as major challenges to the government’s ability to get precise data from the private sector.

How wrong classification of businesses hurts State planning

KTDA power production up 32pc on rains

A statement from KTDA said these six operational power plants generated 3.28 MKWhrs in February 2025, and 4.33 MKWhrs in March 2025.

KTDA power production up 32pc on rains

Manufacturers seek policy changes to unlock Sh15b unpaid VAT refunds

Kenya Association of Manufacturers wants the government to do away with the two per cent withholding Value Added Tax (VAT) to improve liquidity in their businesses.

Manufacturers seek policy changes to unlock Sh15b unpaid VAT refunds

Rains push KTDA power production by 32 per cent

KTDA Power Company Limited, a subsidiary of Kenya Tea Development Agency (KTDA), has reported a 32 per cent surge in electricity production from its operational hydropower projects.

Rains push KTDA power production by 32 per cent

Food security at risk as State faces hiccups in fertiliser distribution

In 2024, data from the Presidency shows the government distributed seven million bags of both planting and top-dressing fertiliser.

Food security at risk as State faces hiccups in fertiliser distribution

Lack of written tenant-landlord agreements hampers tax collection

The lack of tenancy agreements between landlords and tenants as detailed in the KHS Basic Report 2023-24 explains why this section of businesses has been a challenge for the taxman.

Lack of written tenant-landlord agreements hampers tax collection

Edible oil processors rekindle push to scrap import duty tax

They urge the government to raise local production of crude palm oil. This as Malaysian firms seek to expand the regional market, with Kenya as their focal point.

Edible oil processors rekindle push to scrap import duty tax

Regional trade bloc bets on SMEs to ward off Chinese leather imports

Poorly equipped tanneries in countries like Kenya are among the reasons behind the slow growth of the leather and leather products sector, a regional trading bloc says.

Regional trade bloc bets on SMEs to ward off Chinese leather imports

Sacco non-remittances grows as more firms face turbulence

The government is facing a challenge in dealing with non-remittances of Sacco contributions, even as the law allows the CCD to reprimand culpable employers.

Sacco non-remittances grows as more firms face turbulence

Money market funds book record returns on high interest rates

The surge in money market funds (MMFs) that offered investors double-digit returns in 2024 propelled financial services firms to record profits during the year.

Money market funds book record returns on high interest rates

PPP directorate gets new director general

PSC has appointed Kepha Seda as the new director general of the Public-Private Partnerships (PPP) Directorate under the National Treasury.

PPP directorate gets new director general

State questions private sector data as manufacturers push for tax cuts

The quality of data used to make decisions in the manufacturing sector has been put to question, even as manufacturers tabled their case before the government to remove taxes on inputs.

State questions private sector data as manufacturers push for tax cuts

Safaricom opens platform to reward high-end users

Safaricom has launched the Emerald Platform, a premium customer engagement platform designed to offer personalised services, exclusive rewards, and elevated care.

Safaricom opens platform to reward high-end users

Kenya engages US to safeguard exports amid Trump's tariff war

Kenya has started talks with the US government in an anticipatory move aimed at protecting the country’s largest export market, following President Donald Trump’s tariffs rollout.

Kenya engages US to safeguard exports amid Trump's tariff war

HF Group profit jumps 35 per cent to Sh525m on diversification

HF Group's positive performance comes on the back of a sustained business transformation strategy that has seen the Group and its operating subsidiaries post growth in profitability.

HF Group profit jumps 35 per cent to Sh525m on diversification

Mandatory soil test looms for developers before construction

Soil testing is now mandatory before construction, as stipulated in the National Building Code 2024, which took effect in March.

Mandatory soil test looms for developers before construction

Inflation top issue for local CEOs in 2025

Inflation tops the list of worries by Kenyan chief executives this year, according to the latest PwC 2024 CEO Survey for Kenya.

Inflation top issue for local CEOs in 2025

Why government paper is preferred asset class for pension funds

An ageing workforce in the public sector has been cited as one of the key reasons why investment firms concentrate their assets under management in government paper.

Why government paper is preferred asset class for pension funds

Stronger shilling, adverse weather sink Kakuzi to Sh130 million loss

The Kakuzi board of directors has recommended a Sh8 dividend per share after the agricultural firm reported a loss of Sh130.4 million for the year ended December 2024.

Stronger shilling, adverse weather sink Kakuzi to Sh130 million loss

Sh13.3b Kuscco heist now shines spotlight on Saccos' governance

The financial troubles bedevilling Kuscco have sent Saccos back to the drawing board as they seek to regain the trust of the industry responsible for close to Sh1 trillion of Kenyans’ savings.

Sh13.3b Kuscco heist now shines spotlight on Saccos' governance

Shofco Sacco assets cross the Sh500m mark

Shofco Sacco Ltd has recorded a 70 per cent growth in assets to Sh662.8 million, according to its 2024 audited financial results.

Shofco Sacco assets cross the Sh500m mark

Variations in cost, design stall Sh2b works for counties' headquarters

Works for the construction of county headquarters in Tharaka Nithi, Tana River, Nyandarua and Isiolo counties worth Sh2.1 billion have stalled.

Variations in cost, design stall Sh2b works for counties' headquarters

Why tech-savvy young Turks are hot cake at helm of microinsurance

The insurance regulator says it does not want old Turks to handle novel insurance products and downplayed requests to amend the regulations in the sector.

Why tech-savvy young Turks are hot cake at helm of microinsurance

Why dollar-denominated money market funds have set Kenya abuzz

Kenyans are flocking around dollar-denominated money market funds, which has seen assets under management by fund managers double to Sh28.7 billion in just 12 months at the end of 2024.

Why dollar-denominated money market funds have set Kenya abuzz

State wraps up Sh6b NOC-Rubis deal

The plan to rescue the cash-strapped National Oil Corporation has been finalised following the signing of a deal with Rubis Energy Kenya, which will inject cash into the corporation.

State wraps up Sh6b NOC-Rubis deal

How pension regulator's new proposals could boost retirees' take home

RBA wants umbrella schemes and individual benefit schemes to concentrate their investments in tradable assets. It also seeks to lock pension contributions up to 50 years.

How pension regulator's new proposals could boost retirees' take home

State now turns to KAA to fund new airport after Adani fallout

Transport CS says the plan will be submitted to the cabinet for approval. The state agency is still recovering from losses after the termination of the 2017 JKIA project.

State now turns to KAA to fund new airport after Adani fallout

How Kuscco board pocketed Sh18m for site visits to housing project

Kenya Union of Savings and Credit Cooperatives (Kuscco) board pocketed Sh18 million in allowances for site visits during the construction of the Sh1.5 billion Kuscco Homes Project.

How Kuscco board pocketed Sh18m for site visits to housing project

Cabinet approves asbestos roof phase out

Developers whose properties have asbestos roofs will have to shoulder the cost of replacing them following a directive from State House.

Cabinet approves asbestos roof phase out

Sh100,000 fine for pension admins in RBA changes

The Retirements Benefits Authority (RBA) will now slap pension fund managers and administrators with a Sh100,000 for late submission of their audited financials statements.

Sh100,000 fine for pension admins in RBA changes

Absa Bank projects further CBR cut to 9.0 per cent

Absa Bank projects further cuts in the Central Bank Rate (CBR) by the regulator from the current 10.75 per cent to 9.0 per cent.

Absa Bank projects further CBR cut to 9.0 per cent

Hiccups in State's push to formalise and tax small businesses

The government’s aggressive strategy to net micro, small and medium enterprises (MSMEs) into the tax bracket has been criticised, with some experts pointing out huge gaps in the plan.

Hiccups in State's push to formalise and tax small businesses

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