News

The TRIFIC Green USD I-REIT closed its offer at 103.3% subscription, after investors applied for about $30.8 million against a target of $29.8 million. The promoter, Two Rivers Special Economic Zone, also took up $7.46 million worth of units after […]

Kenya has published its Sovereign Sustainability Linked Financing Framework, setting the stage for a planned US$500 million sustainability linked note assisted by the World Bank. A sustainability linked bond is a bond where the government or company raises money, but […]

South Africa’s Absa Group is betting bigger on Kenya. The lender plans to spend up to Sh30.9 billion to raise its stake in Absa Bank Kenya from 68.5% to 85% through a tender offer to minority shareholders at Sh34.50 per […]

Members of Parliament have rejected proposals to lower PAYE rates and exempt workers earning below Sh30,000 a month from income tax, despite calls from accountants, bankers and tax experts. Bodies such as ICPAK and the Kenya Bankers Association (KBA) argued […]

Kenyans living abroad are sending home far more money than official statistics had previously captured. A new survey estimates total remittance inflows reached Sh931.8 billion in the year to May 2025, with roughly Sh280 billion moving through channels that were […]

Following CMA approval to list by introduction on the NSE’s Main Investment Market Segment, Family Bank has set a reference price of KES 18.00 per share for its 1.663 billion shares being listed. Trading is expected to begin on 23 […]

Family Bank is set to begin trading on the Nairobi Securities Exchange (NSE) on June 23 after receiving approval from the Capital Markets Authority, marking the latest addition to Kenya’s listed banking sector.The lender will join the bourse through a […]

KRA eases eTIMS rule for 2025 tax returns,but only for a yearThe Kenya Revenue Authority (KRA) has eased a requirement that had unsettled many business owners. As they file their 2025 tax returns ahead of the June 30, 2026 deadline, […]

Treasury Cabinet Secretary John Mbadi, while presenting the 2026/27 Budget, told Parliament that Kenya faces an infrastructure financing gap of about USD 5 billion annually a shortfall that the national budget cannot bridge on its own. His answer signals a […]

Treasury Cabinet Secretary John Mbadi, while presenting the 2026/27 Budget, told Parliament that Kenya faces an infrastructure financing gap of about USD 5 billion annually a shortfall that the national budget cannot bridge on its own.His answer signals a deliberate […]