News
Former Moi's billionaire aide doubling down on big-money deals
3+ hour, 40+ min ago (1278+ words) Former President Moi's aide Joshua Kulei. When the Narc government rose to power, ending President Daniel arap Moi's 24-year rule, it appeared as though most of Moi's "untouchables" would also capitulate. It did not take long before Moi's longest-serving and…...
Credit Bank sues Moses Kuria over Sh72m default
2+ hour, 53+ min ago (645+ words) Moses Kuria, former Cabinet Secretary (CS) and Senior Economic Advisor to President William Ruto. Credit Bank has moved to court seeking to recover Sh72 million from former Cabinet Secretary Moses Kuria and a company linked to him for loans advanced to…...
National Bank profit surges 3. 7 times to Sh1bn on lower costs
5+ hour, 20+ min ago (558+ words) A National Bank of Kenya (NBK) branch in Nairobi." National Bank of Kenya (NBK) net profit for the three months to March grew nearly quadrupled to Sh1 billion riding on cheaper cost of funds and lower provisioning for defaults. The bank,…...
Essential drugs worth Sh1bn expire at Kemsa stores
58+ min ago (704+ words) Drugs in cartons set for disbursement by the County Government in Kapenguria town on September 8, 2025. Essential cancer, HIV/Aids and malaria medicines worth nearly Sh1 billion expired in Kemsa's warehouses as public hospitals and clinics across the country continued to struggle…...
Foreign firms to pay capital gains tax on sale of shares in Kenya companies
3+ hour, 2+ min ago (908+ words) A foreign firm selling shares in a Kenyan entity abroad will be compelled to pay 15 percent capital gains tax (CGT) under changes proposed in the Finance Bill 2026, in a move that tax experts fear could hurt Kenya's attractiveness to foreign…...
T-bills rates up as investors seek cushion from inflation
3+ hour, 47+ min ago (899+ words) Returns on Treasury bills and bonds have started increasing as investors seek higher compensation to cover rising inflation, setting the stage for higher borrowing costs for the government. Interest on the 91-day has increased to 8. 3865 percent from 7. 4261 percent at the…...
Finance Bill 2026: Give Kenyans a break
6+ hour, 3+ min ago (967+ words) Protesters demonstrate along Kenyatta Avenue in Nairobi during anti-Finance Bill protests on June 25, 2024. The Finance Bill 2024 may be long behind us, but its political ghosts still haunt Kenya. No debate on taxation, governance, or public trust can be complete without…...
Jubilee blocks Sh1. 28bn in fake insurance claims using AI
1+ day, 23+ hour ago (453+ words) From left: Jubilee Holdings Limited Group's'CEO Dr'Julius Kipngetich, Chairman Zul Abdul and Deputy Group CEO Juan Cazcarra pose for a picture after the'release of the company's 2024'Full Year Financial Results at their offices in Upper Hill, Nairobi on April 3, 2025. Jubilee…...
Rise of Chinese businesswoman in Kenya's State tenders
2+ day, 27+ min ago (1223+ words) Koitalel Samoei University College'in Nandi County, one of the public projects awarded to a company linked to Chinese entrepreneur Ying Du. In Kenya's procurement arena, power is often measured by the ability to secure mega deals. For Chinese national Ying…...
Court upholds auction of ex-CS Tuju's Tamarind Karen, Dari Business Park
3+ day, 2+ hour ago (608+ words) Former Cabinet Secretary Raphael Tuju addressing journalists at Entim Sidai Sanctuary in Karen, Nairobi on May 2, 2024. The High Court has upheld the sale of former Cabinet Secretary Raphael Tuju's Tamarind Karen and Dari Business Park, ruling that his right to…...