Nairobi, May 12 -- The National Assembly Finance Committee deleted a five percent tax on Mitumba imports from a draft Finance Bill that had the backing of the Treasury and State House amid pressure to... Read More
Nairobi, May 11 -- Fuel tax cuts following the Iran war and fear of Sh35 billion revenue hole forced the Treasury to backtrack on the pledge to include income tax cuts for salaried workers earning bel... Read More
Nairobi, May 10 -- Delays in the sale of the government's 15 percent stake in Safaricom to South Africa's Vodacom in the wake of a suit are on course to gift the Treasury Sh16.1 billion in dividends. ... Read More
Nairobi, May 10 -- About 84,000 small investors bought shares on the Nairobi bourse through the M-Pesa stock-trading platform, Ziidi Trader, between February and March this year, underlining the impac... Read More
Nairobi, May 7 -- Telecoms operator Safaricom Plc on Thursday reported a 67 percent increase in full-year net profit, supported by momentum in its Kenya business, and significant loss reduction in Eth... Read More
Nairobi, May 7 -- Safaricom Plc has raised its total dividend by 66.7 percent to Sh2 per share for the year ended March 31, 2026 after posting a 67.3 percent rise in net profit to Sh99.7 billion, driv... Read More
Nairobi, May 7 -- Kenya has omitted funding from the International Monetary Fund (IMF) in the national budget for the year starting July in the wake of uncertainty whether fresh talks tied to tough co... Read More
Nairobi, May 7 -- Safaricom Plc has raised its total dividend by 66.7 percent to Sh2 per share for the year ended March 31, 2026 after posting a 67.3 percent rise in net profit to Sh99.7 billion, driv... Read More
Nairobi, May 7 -- A smaller loss in Ethiopia and M-Pesa's double-digit growth helped Safaricom report a 36.9 percent jump in profits, making the Kenyan unit the first to cross the Sh100 billion mark i... Read More
Nairobi, May 6 -- The Treasury will seek an additional Sh201 billion in tax revenue in the next financial year, signalling potential new taxes in the Finance Bill and a crackdown on tax cheats. The K... Read More