Finance

KRA Small Trader Tax Crackdown Targets Tax Evasion in Nairobi

KRA's crackdown on small traders uses advanced data matching techniques to expose tax evasion. The initiative targets MSMEs in Eastleigh.

Co-op Bank Restructuring Holding Company

Co-operative Bank of Kenya plans to reorganize into a Non-Operating Holding Company structure. This move aims to enhance operational efficiency.

Taxpayers Face Rising Commuter Fares Amid Fuel Price Hikes

Taxpayers in Kenya are facing increased commuter fares as matatu operators raise prices amid soaring fuel costs. The National Taxpayers Association is monitoring these changes closely.

Salary: Kenya’s Regulations Approved by Parliament

Kenya's Parliament has approved new salary regulations aimed at restructuring public servant pay. The changes address wage disparities and aim to control the wage bill.

Treasury: Recent Developments in the Market

Recent shifts in treasury yields and new regulations reflect significant changes in the financial landscape. The US Treasury is intensifying its scrutiny of financial institutions.

Fuel Prices in Kenya Set to Rise Amid Ongoing Controversy

Fuel prices in Kenya are anticipated to rise sharply, with petrol projected at Ksh231.68 per litre. This comes as the country grapples with supply issues and a controversial fuel...

Warren Buffett’s Strategic Moves Amid Market Volatility

Warren Buffett continues to shape the investment landscape, recently purchasing $17 billion in Treasury bills and transitioning leadership at Berkshire Hathaway.

Polymarket Faces Backlash Over Controversial Betting Market

Polymarket has removed a betting forum related to a U.S. military rescue mission following political pressure, leading to widespread criticism.

Family Bank Reports Strong Growth Ahead of Nairobi Listing

Family Bank has reported a substantial growth in net profit and plans to go public in May 2026, marking a significant milestone for the organization.

Gikomba Market Demolished

The demolition of Gikomba market has left approximately 6,000 traders displaced, following a 30-day eviction notice from authorities.