President William Ruto's government collected Sh73.2 billion from the controversial affordable housing tax in the financial year ended June 2025. In the same period, the government delivered only 3 housing projects.
These housing projects under the Affordable Housing Programme (AHP)...
Naivas Supermarket has reported a full year net profit of Sh2.4 billion. This net profit was for the period that concluded on June 30 2025. The Naivas Supermarket full year profit represented a growth of 43.3 percent from the...
The old, beat up Kenya Police helicopter 5Y-SFA is a death trap. That this helicopter is a disaster waiting to happen was openly displayed this week during a rescue mission in Elgeyo Marakwet County.
The Kenya Police helicopter 5Y-SFA was...
KCB Group has announced that it is acquiring a minority stake in fintech company PesaPal. The banking group, however, has not disclosed the amount of money it will spend to acquire the stake from the digital payments company.
The acquisition...
The government has admitted that it has fallen way short of an annual target of 200,000 housing units that it had claimed it would build when the controversial housing tax burden was added onto Kenyan pay slips.
According to the...
If you are looking to take a loan of Sh100,000 with a repayment period of twelve months, you will be charged the highest amount at Sidian Bank. This is according to a report that was published by local business...
Equity Group, CIC Insurance, and Moi University have been fined a combined Sh1.5 billion over unclaimed assets. The three institutions are among 20 firms who have been fined a combined Sh2.2 billion the Unclaimed Financial Assets Authority (UFAA).
According to...
The High Court in Nairobi has ruled that banks can still pursue borrowers to recover any outstanding debts even after auctioning them. This ruling was made in a court case in which a borrower was seeking to stop a...
Canadian investor Charles Field-Marsham has sold his stockbrokerage firm, Kestrel Capital. Marsham has sold the firm to a group of eight investors under the umbrella Theo Capital Holdings.
Marsham has exited Kestrel Capital after 30 years. "As the firm transitions...
The US federal government shutdown at midnight after Republican and Democratic lawmakers in Congress failed to resolve a budget stand-off.
According to a report on the government shutdown that appeared on Forbes, the US federal government’s fiscal year begins on...
