Hard truths. Bold Insights. Real talk.
The decision keeps the products taxed at zero percent VAT, meaning no tax is added on sale, a move aimed at keeping them affordable and supporting local production.
Under the proposal, core transfer services will be exempt from VAT, while services such as cash handling, payment processing, settlement, merchant acquiring, gateway and aggregation services will still attract the tax.
Speaking during the signing ceremony, Airtel Money Kenya Managing Director Anne Kinuthia-Otieno said the partnership demonstrates Airtel Money’s commitment to bringing financial services closer to customers across the country.
Old Mutual Group Chief Executive Officer Arthur Oginga noted that changing customer expectations are also reshaping the role of financial advisers.
Until now, creators and everyday users had only one caption option for a carousel post, meaning the same text remained visible regardless of which image or video was being viewed.
These campaigns targeted users whose SIM cards had gone inactive due to reduced calls, data use, or mobile money transactions. Operators used rewards such as bonus airtime, discounted bundles, loyalty points, and personalised data offers to restore activity on the lines.
The breakdown of transfers shows that those in paid employment received Sh5.06 billion from relatives in Kenya, with Sh2.38 billion in cash and Sh2.67 billion in in-kind support. Students abroad were mainly supported through cash transfers, with very little in-kind assistance recorded.
According to the Communications Authority of Kenya (CA), DStv had 248,053 customers by the end of March 2026, down from 270,017 in December last year. This means the firm lost 22,450 customers in just three months, pointing to continued pressure in the market.
Budget documents tabled in the National Assembly show the National Intelligence Service (NIS) recording the highest upward revision of Sh3.5 billion, increasing its allocation to Sh64.9 billion.
In documents submitted to the National Assembly Delegated Committee, Murkomen said the frequency and sophistication of cyber and ICT-related attacks continue to increase as more sectors shift operations online.
According to the report, the government spent Sh222.7 billion repurchasing Eurobonds between March 2025 and February 2026. The transactions included a Sh78.3 billion buyback in March 2025, Sh86.3 billion in October 2025 and another Sh58.1 billion in February 2026.
The platform converts satellite imagery, climate data, and mobile usage information into financial profiles that allow previously excluded farmers to access formal financial services
The summit will run from June 22 to 26, bringing together policymakers, network operators, technical experts, and industry stakeholders to address key challenges and opportunities facing Africa’s digital ecosystem
The lender says the funding is helping strengthen enterprise resilience, create jobs and drive sustainable economic growth, particularly among businesses that face challenges accessing traditional sources of capital.
Under the arrangement, farmers will access up to 95% financing, which also covers agricultural implements, with repayment periods of up to 60 months. Customers will have the option of monthly repayments or seasonal payment plans aligned to their harvest cycles.
The listing is expected to expand investment opportunities within Kenya’s capital markets as it transitions into a publicly traded institution
The meeting brought together senior government officials, private sector leaders, development partners, and international financiers to coordinate preparations for the continental forum, which is expected to attract investors, policymakers, regulators, and development finance institutions from across Africa and beyond.
The report, launched on Tuesday, June 16, revealed that Kenyans living abroad sent home remittances worth Sh931.8 billion between June 2024 and May 2025, with a significant share of the money directed towards consumption rather than investment.
The survey places diaspora remittances among Kenya’s strongest foreign exchange earners, at times surpassing key traditional export sectors.ey
Tax collections remained the backbone of State revenue, contributing Sh1.72 trillion, or about 54 percent of total inflows. This also reflected an increase of Sh138.2 billion from the previous year.
The lender says the dismissals were triggered by direct involvement in fraud-related activities targeting the bank and its clients, an increase from 34 employees who were shown the door in 2024 for similar misconduct.
National Treasury says Finance Bill 2026 will amend the Tax Procedures Act so collection for Commissioner-favourable judgments only stops with a stay order. Business leaders and tax experts warn it may pressure firms during ongoing tax appeals and tribunal processes.
With the latest position, the total tax burden on imported mobile phones is expected to ease only slightly, dropping to about 50 per cent from the current 54.5 per cent, rather than the sharp reduction that had been anticipated.
The lender also screened Sh587.9 billion in transactions under its Environmental and Social Due Diligence framework across Kenya, Uganda, Tanzania and Rwanda, helping it surpass its target of allocating 25% of total lending to green projects, reaching 25.84% in 2025, up from 21.6% in 2024.
The 2026 Global Peace Index says Kenya, while not in direct armed conflict, could face politically sensitive economic strain as regional instability and tighter global finances increase debt repayment and food supply risks ahead of elections.
The total banking sector loan book also expanded to Sh4.54 trillion in May, compared to Sh4.15 trillion a year earlier. This growth has been supported by a steady decline in borrowing costs, following pressure on banks to lower lending rat
Even with the expected revenue and grants, the budget will still face a financing gap of Sh1.146 trillion, forcing the government to seek both local and foreign borrowing to bridge the shortfall.
To reverse the revenue slowdown, Mbadi said the government is accelerating the use of technology in tax administration, aimed at widening compliance and sealing loopholes.
The CS noted that the fiscal outlook has been strained by weaker-than-expected revenue collection, rising wage obligations, and emergency spending demands that have constrained government finances
Mbadi said the fund has grown into one of the largest financial inclusion interventions in the country, reaching millions of Kenyans who were previously locked out of formal lending systems.