James Oundo

More than 12 million Kenyans file nil returns on eCitizen

This year, the Kenya Revenue Authority (KRA) has allowed Kenyans to file nil returns on eCitizen. This has seen a huge number of taxpayers leave the traditional iTax system of filing returns for eCitizen which is considered as easier...

Investors gain as Safaricom shares touch one-year high on NSE

Telecommunications giant Safaricom has brought smiles to its shareholders after recording several bullish days at the Nairobi Securities Exchange. Over the past one week, Safaricom shares have appreciated by close to Sh5 per share. An analysis by Bizna Kenya shows...

3 Gulf oil firms pocket Sh1.5 trillion from G-to-G Kenya fuel deal in 18 months

In just eighteen months to May 2025, three Gulf oil firms pocketed Sh1.5 trillion from selling fuel to Kenya through the controversial G-to-G fuel deal. Apparently, 158 cargo of petroleum products were imported to Kenya by the three firms...

Co-operative Bank hires 1,104 new employees in expansion drive

The Co-operative Bank of Kenya hired 1,104 new employees in the financial year that ended on December 31, 2024, a new annual report has shown. The new hires came as the bank extended its growth drive that has seen it...

Absa Bank Kenya recovers Sh227 million lost to banking fraud

The Absa Bank Kenya has recovered Sh227 million that was lost through incidents of banking fraud. This recovery was done in the financial year ended December 31, 2024. In the same financial year, the bank stopped the loss of...

Standard Media Group sinks in Sh1.1 billion net loss

The Standard Media Group has announced a full year net loss of Sh1.1 billion. This loss came in a financial year that saw the troubled media house record a revenue decline of up to 22.6 percent to Sh1.8 billion. In...

Peter Nyaga’s Certified Homes leaves investors high and dry

Unsuspecting investors who dreamt of owning homes through Peter Nyaga's Certified Homes Limited have been left high and dry after projects by the company ground to a halt. This company was one of several that were highlighted in a...

KRA to start using new CRSP for used vehicles on July 1

The Kenya Revenue Authority (KRA) will start using a new Current Retail Selling Price (CRSP) schedule for used motor vehicles on July 1. According to a notice that was issued by the Commissioner for Customs and Border Control, the new...

KCB Group vs Equity Group: Behind their Q1 2025 numbers

The financials results for the first quarter of 2025 have once again given insights on the performance of the two largest banks in East and Central Africa. The KCB Group vs Equity Group results show that KCB Group continues...

Equity Group sacks 1,200 employees in a day after internal investigations

Equity Group Holdings on Wednesday issued job termination notices to 1,200 employees. The sack notices followed internal investigations that had commenced last month on dubious transactions by the lender's employees through their bank and M-Pesa accounts. The sackings were confirmed...

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Noah Okaya: University students funding

I got a calling letter to join Moi University in 1996. Back then, joining a public university was a...