The Treasury is set to crack down on tax evaders in the informal and agricultural sectors, as President Ruto's administration seeks to collect Sh2.8 trillion in untapped revenue from Micro, Small, and Medium Enterprises (MSMEs). The ambitious plan, detailed in the...
A Nigerian financial firm, RemX Limited, has been accused of using counterfeit documents to successfully transfer millions of dollars between Kenyan banks and the US-based Citibank, according to new legal filings in a case brought by Hong Kong-based company Lae...
Next month, Kenya is primed to become a nexus for international renewable energy leaders, financial institutions, and regulators, as they convene to drive the wind energy agenda as a key component of clean energy solutions. The Africa Energy Forum, scheduled for June...
Despite parliamentary objections, Kenyan government officials are considering long-term Power Purchase Agreements (PPAs) exceeding 25 years with Independent Power Producers (IPPs). The Cabinet recently lifted a ban on new IPP deals, and officials assert that the...
Kenyan banks have ushered in 2023 with a remarkable performance, as pre-tax profits for the first quarter climbed to KES 65.1 billion ($650 million), a 13.6% increase compared to the same period last year, according to recent data released by the Central Bank of Kenya...
Absa Bank and KCB Bank Kenya have successfully obtained the approval to assign an administrator for Savannah Cement, as a long-standing courtroom dispute finally sees resolution. This follows the High Court's decision to repeal an injunction that had previously...