Kenya has been selected as the location for Dangote Group’s planned 700,000 barrel per day oil refinery, ending months of speculation over whether the mega project would be built in Kenya or Tanzania. The refinery will be based in Lamu, […]...
The Nairobi Securities Exchange gave investors the best returns in the first half of 2026, beating fixed income, bank deposits, money market funds and property. Gains were led mainly by banking stocks and Safaricom, as stronger dividend demand drew m...
Kenya’s fast growing special funds market has come under closer regulatory watch after the Capital Markets Authority raised concerns over how some fund managers are marketing the products to investors. According to an exclusive report by Business D...
The Kenya Revenue Authority (KRA) has reintroduced a tax amnesty programme that will allow eligible taxpayers to clear outstanding obligations without paying penalties, interest and fines. The six month programme, introduced under the Finance Act, 20...
The Nairobi International Financial Centre has certified 15 new companies expected to mobilise about Sh25.8 billion in investments and create more than 1,000 jobs, as Kenya pushes to position Nairobi as a leading financial hub in Africa. The newly ad...
Kenya’s private sector showed signs of stabilising in June, even as firms raised selling prices at the fastest pace in the history of the Stanbic Bank Kenya PMI survey. The headline Purchasing Managers’ Index rose to 50.0 in June from […]...
Vodacom has taken majority control of Safaricom after completing the acquisition of an additional stake in Kenya’s largest telco.The deal raises Vodacom’s ownership in Safaricom to 55%, giving the South African telecommunications group control of...
Kenya’s annual tax filing rush has again exposed a familiar weakness in KRA’s digital system.With the June 30 deadline hours away, some taxpayers have struggled to access the iTax portal, reporting broken links, error messages and failed logins. ...
Kenya’s decision to sharply raise excise duty on imported sugar has triggered protests from Ugandan manufacturers, opening a fresh debate over how far the country should go in protecting its local sugar industry. Under the Finance Act, 2026, excise...
Digital lender Tala has begun a fresh round of layoffs as part of a global restructuring aimed at centralising its operations and streamlining functions.The company said seven employees in Kenya have been notified of its intention to declare their po...
The Court of Appeal has cleared the way for the government to proceed with its planned sale of a 15% stake in Safaricom to Vodacom after lifting High Court orders that had temporarily frozen the transaction. The ruling allows the […]...
Family Bank’s listing by introduction on the Nairobi Securities Exchange immediately delivered what listings are meant to achieve: price discovery. The bank’s 1.66 billion shares were introduced at KES 18.00 each, giving it an opening market valu...