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Centum, Mi Vida plan asset-backed securities to get long-term funding

Nairobi, July 5 -- Centum Investment Company and Mi Vida Homes are in a race to raise funds from the country's first real estate asset-backed security in the private sector as the two firms grapple wi... Read More


Absa Bank CEO Abdi Mohamed exits, set for new job

Nairobi, June 28 -- Abdi Mohamed has resigned as Absa Bank Kenya chief executive officer (CEO) three years after he took the job. The Business Daily has established that a leadership transition is al... Read More


Income tax filing phased from next January to ease last-minute congestion

Nairobi, June 24 -- Income tax returns will be filed in phases starting January 1, 2027, in a strategy aimed at easing congestion, a shift from the present scenario where all taxpayers are obligated t... Read More


Banks win as VAT on sale of seized assets removed

Nairobi, June 24 -- Banks and other lenders including saccos will now be spared imposition of Value Added Tax (VAT) on sale of repossessed collateral from defaulting borrowers, marking a major win for... Read More


Income tax filing is phased from January 2027 to ease congestion

Nairobi, June 24 -- Income tax returns will be filed in phases starting January 1, 2027, in a strategy aimed at easing congestion, a shift from the present scenario where all taxpayers are obligated t... Read More


Taxpayers win right to amend, approve KRA pre-populated tax returns

Nairobi, June 19 -- Taxpayers will now be empowered to amend and approve income tax returns pre-populated by the Kenya Revenue Authority (KRA), marking a major win for Kenyans in the Finance Bill 2026... Read More


MPs seek to cut dividend payout rate to 40pc in tax raising plan

Nairobi, June 18 -- The National Assembly's Departmental Committee on Finance and National Planning has differed with the National Treasury over a proposal to empower the Kenya Revenue Authority (KRA)... Read More


Absa Group offers Sh31bn for extra 16.5pc stake in Kenya unit

Nairobi, June 18 -- South Africa's Absa Group Limited is set to spend Sh30.9 billion to raise its ownership in Absa Bank Kenya to 85 percent from the current 68.5 percent, marking the latest mega deal... Read More


Security agencies main gainers in Sh17bn second mini-budget

Nairobi, June 17 -- Kenya's security agencies are the biggest winners in the freshly tabled second supplementary budget for the current 2025-26 financial year, which proposes to raise spending by Sh17... Read More


KPA, coastal counties line up Kenya's first blue bond

Nairobi, June 16 -- Capital market stakeholders, coastal counties and Kenya Ports Authority (KPA) are in a race against time to structure and market the country's inaugural blue bond before the close ... Read More