Family Bank shareholders to ratify plan to list on NSE

Family Bank Limited has called for an Extraordinary General Meeting (EGM) to be held at the end of the month where shareholders are expected to ratify the decision to go public.

By 2 days ago

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Why ugali is fading as rice, chapati rise in Kenyan homes

The low prices are also said to be an effect of surplus production in 2023.

By 3 days ago

Sasra warns Saccos on rising loans competition

Saccos have been cautioned to expect stiff competition from banks in the wake of the falling interest regime by the Central Bank of Kenya (CBK), which is aimed at pushing credit to the private sector.

By 3 days ago

Indian firm eyes slice of Kenya's mid-sized motorcycle market

Kenya’s mid-size motorcycle market has caught the attention of Indian manufacturer Royal Enfield, which is setting up shop in the country, eyeing the growing bikers’ community.

By 4 days ago

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State tightens grip on saccos as sector's asset base hits Sh1 trillion

Small-sized Saccos with deposits of below Sh100 million will be required to merge with larger ones as the government tightens its grip on the sector.

By 7 days ago

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The Sh100 billion tax proposal targeting Kenya's super-rich

NTA proposes progressive wealth tax on 6,800 high-net-worth individuals to boost local revenue and curb inequality.

By 8 days ago

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The missing link in push for electric bikes' uptake

An electric boda boda operator makes Sh300 more than an average rider.

By 9 days ago

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Banks' balancing act over need for new branches amid digital shift

For an economy where more than 90 per cent of bank transactions are digital, maintaining a physical branch is a dilemma.

By 9 days ago

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KRA tightens noose on rogue importers with new rules

Sometime in July, KRA introduced a new requirement that all imports into the country be accompanied by a certificate of origin.

By 10 days ago

Pepsi ups Kenya foray with new energy drink

Pepsi Kenya (SBC Kenya) has officially launched Sting Energy, a premium high-energy drink designed to fuel Kenya's go-getters.

By 11 days ago

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How illicit financial flows cost Kenya Sh243b annually

The report by the National Taxpayers Association in partnership with Oxfam shows that trade in illicit goods takes the largest portion of illicit financial flows, contributing Sh153 billion.

By 14 days ago

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Affordable housing lie: Why Ruto's numbers do not add up

Upon jetting back into the country from Ethiopia recently, President William Ruto, for the umpteenth time, defended the affordable housing programme (AHP).

By 15 days ago

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Unremitted pensions shoot to Sh14 billion

Unremitted contributions to pension schemes more than doubled to Sh14 billion as businesses struggled with the second phase of enhanced deductions to the NSSF that kicked in February 2024.

By 15 days ago

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How proper career path can boost labour in the retail space

There is a certain saying among Nairobi residents that if you have never sold GNLD products, then you haven’t seen the hard part of this city.

By 16 days ago

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Why government is the biggest winner in Kenya's lending market

Experts say government, which is the top borrower, is taking more but paying less in terms of interest rates.

By 17 days ago

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Housing bribe: How home ownership dream has become 2027 poll campaign tool

These allocations overlap with other pledges already made by the President and seconded by government officers in charge.

By 18 days ago

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UN to spend Sh43b on renovation, construction of offices at Gigiri

The move is meant to build capacity for the complex to be able to host more UN agency offices, events and activities in the future.

By 22 days ago

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Why two, three-bedroom units offer sweeter deal for property investors

According to the report, it takes 13 months to sell off a one-bedroom or two-bedroom apartment or flat.

By 22 days ago

Report: Kenya safe from likely housing market crash

Kenya’s property market is safe from a possible housing bubble due to the cash-based nature of transactions in the real estate sector, where just two per cent of units are bought through mortgage.

By 23 days ago

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Why pending bills could double Kenya's budget deficit under new system

Kenya is staring at a double-digit budget deficit as the government plans to include pending bills and other liabilities in the budgeting process in line with the accrual accounting system.

By 24 days ago

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Overdraft facility increases by Sh27 billion on low interest regime

The sustained low interest regime by the CBK gave room for the government to borrow more through overdraft in the financial year that ended in June 2025, but still paid less in interest charges.

By 24 days ago

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Sh12 trillion public debt horror with little to show

Kenya’s growing debt that has crossed the Sh12 trillion mark with economists noting the lack of tangible projects to back the increased borrowing.

By 25 days ago

Insurance regulator orders frequent audits on high-risk clients

Insurance companies will be required to frequently audit their high-risk customers in line with new guidelines issued by the regulator.

By 27 days ago

Can temporary titles be the magic wand for Kenya's developers?

Most developers are stuck with projects for months, unable to offload because of processes, such as titling, that are involved.

By 29 days ago

Over 1,400 entities sign up to State's e-procurement system

All ministries, state departments and independent commissions have registration on the e-government procurement system.

By 1 month ago

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Battle for retail business hots up as Chinese traders eye pie of local market

While these imports from China have no doubt unsettled the small and medium-scale traders, eating into their profits, major retailers say these stores are complementary.

By 1 month ago

Pension assets in government debt hit Sh1 trillion amid diversification push

Retirement Benefits Authority (RBA) Statistical Digest 2024 data show that in previous years, the average increase in pension assets in government securities was nine per cent.

By 1 month ago

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'Data doesn't lie', but Kenyans say their pockets do

For many Kenyans cost of living is getting worse every passing day as the pocket shrinks

By 1 month ago

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Why Ruto's key allies keep their seats despite blunders

For the trusted men it is better to shuffle the seats than have them take responsibility

By 1 month ago

Boost for trade as Kenya, Uganda move to end cross-border tariffs

Uganda is Kenya’s top trading partner, with exports reaching Sh125.9 billion.

By 1 month ago

Why number of pension schemes has dropped

The latest data from the pensions regulator shows a drop in the number of schemes to 951 as the value of assets under management grew by 21.18 per cent, the highest over the last decade.

By 1 month ago

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Why Kenya's developers struggle to recoup capital

The slower the buyers come, the slower you get to recoup your capital and invest in the next new project.

By 1 month ago

Mergers likely to boost shareholder value revealed

Mergers and acquisitions (M&As) in the communication and non-essential consumer goods sectors are more likely to derive shareholder value, a new report shows.

By 1 month ago

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Incubation hubs and AI guidelines now a must for digital lenders

The Office of the Data Protection Commissioner is mulling a sandbox where digital credit providers (DCPs) can host new technologies.

By 1 month ago

Returns from State bonds drive HF Group's profit by 150pc

HF Group nearly doubled interest income on government paper in the six months to June 2025, raising its profit before tax by 148 per cent to Sh702.9 million.

By 1 month ago

How low-interest regime shrunk banks' half-year interest income

Banks have taken a hit on their financials with reduced income charged on loans following the low interest regime that the Central Bank of Kenya (CBK) started in August 2024.

By 1 month ago

State agencies urged to prioritise PPPs in budgeting

The National Treasury insists that allocations for the year to the State agencies will be based on the robustness of their public participation engagement in the budgeting process.

By 1 month ago

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Mbadi defends Ruto's economic record, says life cheaper than 2022

National Treasury Cabinet Secretary John Mbadi has defended President Ruto’s administration, outlining how government economic policies have eased the cost of living in the country.

By 1 month ago

Digital lenders accuse Central Bank of overstepping mandate

Lobby cites operational challenges posed by the multiplicity of regulatory requirements, especially on data management.

By 1 month ago

Digital lenders lament overreaching mandate from regulators

This challenge has also been exacerbated by the majority of consumers who are not well-versed on which regulator handles what sort of complaint.

By 1 month ago