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In these Saccos, members’ funds are used to buy shares and provide loans. While share capital cannot be withdrawn, it can be transferred to another member when exiting.
The Central Bank has set October 15, 2025, at 10 am as the deadline for bid submissions. The auction will take place the same day, with the settlement date set for October 21, 2025.
Lawyer Ruth Wanyonyi, representing Wanyonyi Muhia Advocates, said the firm had handled five cases for the retirees, including at the Retirement Benefits Appeals Tribunal, High Court, and Supreme Court.
The EAPC Board warned that the sale could create concentrated ownership, granting Kalahari Cement, in association with Bamburi Cement, an effective 41.7% control of EAPC.
The government expects to collect Sh3.58 trillion in revenue next year, compared with projected spending of Sh4.64 trillion, leaving a gap of Sh1 trillion to be financed through borrowing.
The Treasury published draft regulations that exclude non-resident digital service providers from SEP tax if they supply an airline in which the government holds at least 45 percent.
The lender-appointed administrators have assumed management of Korara Highlands Tea Factory Limited, which owes Sh1.155 billion, while a receiver manager has taken over Elson Plastics of Kenya Limited, which is indebted by Sh775 million.
The report shows that total claims and policyholder benefits across general, long-term, and micro-insurance surged 16 per cent to Sh123 billion, up from Sh106 billion in Q2 2024.
The project had been submitted as a Privately Initiated Proposal by the GBM consortium in January 2023 and approved to enter the project development phase.
The Environment and Land Court (ELC) had halted construction of the 30,000-tonne terminus pending the hearing of a petition by local residents.
According to Treasury data, monthly loans to the private sector rose to Sh10.7 billion in June, compared to Sh2.5 billion during the same period last year, ending a five-year stretch where lenders were reluctant to advance funds.
The SEP tax, introduced in December 2024 through the Tax Laws (Amendment) Act, charges foreign firms three percent of their gross turnover from digital services in Kenya.
Data from the Communications Authority of Kenya (CA) shows the pay-TV provider had only 188,824 active users by June 30, 2025, a steep fall from 1.19 million in the same period last year.
Exemptions cover goods brought in by privileged persons and institutions, as outlined in the Fifth Schedule of the East African Community Customs Management Act (EACCMA) 2004.
The Auditor-General’s report covering the year to June 2024 shows that 76 water service providers produced 440.39 billion litres of water but billed customers for only 235.98 billion litres.
Figures from the Business Registration Service (BRS) reveal that 2,260 companies applied to cease operations, both voluntary and forced, marking a 24.3 percent increase from the 1,817 that closed in the previous year ending June 2024.
The takeover gives Canal+ a dominant foothold in Africa's fast-growing pay-TV market, where MultiChoice operates across 50 countries.
The ‘A’ grade is part of Global Finance’s annual assessment of central bank governors worldwide.
The budget airline, which is fully owned by Kenya Airways, says the new aircraft will allow it to expand flight frequencies on key routes, especially Nairobi–Eldoret and Nairobi–Kisumu, where passenger traffic has been on the rise
DTB Burundi was set up in 2008 as a greenfield operation with Unik Investment holding a 16.33 per cent stake, alongside Abu Dhabi’s Al Bateen Investment Company LLC and the World Bank’s International Finance Corporation (IFC), which were also allocated 16.33 per cent each.
Macharia, who insists he controls Directline through Royal Credit Limited, quickly unveiled a new leadership team, naming Wilson Wambugu Maina as acting chief executive, Stella Kinoti as chief finance officer, with Elizabeth Kuria as her deputy, and James Mari as ICT manager.
CBK pointed out that the BS-SOC will act as a central hub for managing cyber threats targeting Kenya’s financial institutions, which continue to face increasing cyber risk from sophisticated threat actors.
Beyond household finances, Muriithi linked borrowing patterns and trust to the wider political and governance environment. According to him, public trust has been weakened by politics dominated by insults and personal attacks rather than meaningful debate.
According to Energy Principal Secretary Alex Wachira they have teamed up with KenGen, Kenya Power and the Energy and Petroleum Regulatory Authority (Epra) to design a fresh roadmap expected to be ready by mid-October.
The bank has filed a notice of preliminary objection, seeking to have the lawsuit dismissed, arguing that the matter falls within an insolvency proceeding it already initiated.
Vipingo SEZ was officially granted its status by the Ministry of Investments, Trade and Industry on November 29, 2024, affirming the coast region’s position as a growing hub for zones designed to attract investment and expand exports.
The idea is to help people with speech impairments communicate through thought. Neuralink is among the companies testing implants that help patients control a computer with their minds.
Meta CEO Mark Zuckerberg, presenting the product on stage, said the glasses are designed to make technology “disappear” into something people already use daily.
According to the findings, counterfeiting alone drains over Sh153 billion annually, with cigarettes, alcohol, pharmaceuticals, spare parts, textiles and manufactured goods being the hardest hit sectors.
The Digital Debt Automation System will gather all loans from both national and county governments into a single platform.