Hard truths.
The CBK said that while mobile money usage has grown substantially, most users still rely on basic services like person-to-person transfers, with fewer taking up advanced options such as digital credit, insuran...
Household electricity use grew by 13.03 percent to 3,640.32 GWh, making residential consumption one of the fastest-growing segments of the market. Small commercial enterprises also saw an 11.5 percent increase...
During a recent function in Mombasa, President William Ruto acknowledged that port infrastructure must be improved to keep up with growing cargo volumes.
The bank plans to collaborate with other financial sector regulators and the Competition Authority of Kenya to roll out the new guidelines by the end of 2026.
Under Salat's leadership, Hass Petroleum has expanded deeper into regional markets while also diversifying its portfolio.
The CBK plans to work closely with telecom operators and Parliament to achieve more affordable and transparent digital financial services.
The Sacco Societies Regulatory Authority (SASRA), in its latest supervision report, said the non-remitted funds hit 85 regulated Saccos, 62 deposit-taking and 23 non-withdrawable deposit-taking affecting 55,602...
Microinsurance products are designed to provide low-cost coverage, with daily premiums capped at Sh40, maximum benefits set at Sh500,000, and contract terms limited to 12 months.
Last year, a three-judge bench declared the NGCDF Act unconstitutional, stating it breached the principle of separation of powers. The court directed that all projects, programmes, and activities under the fund...
According to KRA, the bulk of the collections came from the Digital Service Tax (DST), which was introduced in June 2020 at 1.5 percent of gross turnover before being replaced by the Significant Economic Presen...
The regulations cover areas including maritime labour, maritime transport operators (MTO), load lines, tonnage measurement, recognized organizations, and prevention of collision.
The tax arrears in question comprise corporate tax, pay-as-you-earn (PAYE), value added tax (VAT), as well as legacy debts, penalties, and accrued interest.