Business
CBK flags digital lenders as weak spot in dirty money fight
Only 35 percent of the digital lenders are carrying out enhanced due diligence, a critical process for identifying risky customers and transactions.
Business
Business
KRA granted powers to pursue non-resident taxpayers
This adjustment means that the KRA’s authority now covers third-party enforcement mechanisms such as agency notices and financial intermediary obligations even for individuals and businesses that are not physically present or permanently established in Kenya.
Business
Africa unveils PAPSSCARD to slash transaction costs and boost intra-continental trade
Backed by Afreximbank, PAPSS, and Mercury Payment Services, the scheme is poised for wide adoption.
News
Rural fuel stations sound alarm over KRA's eTIMS rollout
The system, aimed at tracking fuel transactions in real-time, has been embraced by larger firms but has left smaller operators on the edge due to the cost of setting it up.
Business
Rising awareness spurs growth in county pension fund
The CPF Individual Pension Scheme, which targets self-employed individuals and those in the informal sector, also posted notable growth.
News
Economy stagnates in early 2025 despite agricultural boost
Among the sectors that recorded reduced activity were transport, hospitality, financial services, and communication.
Business
Saccos losing Sh3 billion annually to fraud, regulator warns
The losses are further worsened by liquidity constraints, failure to meet prudential standards and unremitted staff deductions.
Business
KCB, Equity, Co-op, NCBA among Africa’s fastest growing lenders
Globally, KCB ranked 572nd among the top 1,000 banks, followed closely by Equity at 590. Co-op Bank appeared at position 864, with NCBA making the list at 924.
Business
KRA sets up independent unit to handle customs tax disputes
According to KRA, the review process has been separated from the Customs Department to enhance neutrality and create a transparent channel for resolving tax disputes.
Technology
Google’s customizable Gemini chatbots are now in Docs, Sheets, and Gmail
Gems are now available directly in the side panel of Google Docs, Slides, Sheets, Drive, and Gmail, allowing users to access custom chatbots they’ve created or a selection of pre-made offerings without switching between apps.
Business
New Sh2.6 billion Shimoni fishing port set to boost marine sector
The new port includes a 75-metre by 30-metre jetty and a 135-metre causeway capable of docking two vessels at once.
Technology
Cloudflare gives publishers power to block AI bots and demand pay
Cloudflare’s new tool is aimed at what the company calls “uncooperative” AI bots—those that disregard opt-out signals and continue to scrape websites.