Sasra chief on Kuscco lessons and why Saccos should merge

Nairobi, Oct. 8 -- The regulated Sacco sector is becoming increasingly concentrated, with 61 tier-one societies controlling more than 70 percent of the market even as smaller groups hold on to their e... Read More

Banks escape 20pc KRA tax on overdue loan interest

Nairobi, Oct. 7 -- Banks have secured relief from a tax claim on interest earned from borrowers who delay loan repayments after the Tax Appeals Tribunal ruled that default interest is not subject to e... Read More

CBK fines slapped on banks, forex bureaus now hit Sh93 million

Nairobi, Oct. 7 -- The Central Bank of Kenya (CBK) penalties imposed on commercial banks and foreign exchange bureaus rose 57.6 percent to Sh93 million in the year ended June 2026, coinciding with the... Read More

Saccos cautioned on high-risk investments as portfolio nears Sh100bn

Nairobi, Oct. 6 -- The State Department of Co-operatives has cautioned saccos against aggressive expansion into specialised investment schemes such as special funds and offshore placements even as the... Read More

Mbadi expands KRA transfer pricing checks in tax cheat fight

Nairobi, Oct. 6 -- The National Treasury has expanded the list of transactions to be checked for prices charged by multinational firms when trading with subsidiaries within the same company, signallin... Read More

Banks take battle to telcos over use of phone numbers for transactions

Nairobi, Oct. 5 -- Banks are set to allow their customers to send money using their mobile phone numbers instead of the current requirement of account numbers, in a move that seeks to replicate the si... Read More

Why creditors cannot directly liquidate saccos

Nairobi, Oct. 5 -- The High Court has blocked creditors from directly using the Insolvency Act to liquidate co-operative societies, ruling that they must first follow the winding-up process prescribed... Read More

Ndegwas buy back ICEA Insurance stake for Sh8.5bn

Nairobi, Oct. 5 -- The family of the late former Central Bank of Kenya governor Philip Ndegwa will buy back a 24.1 percent ICEA Lion Insurance Holdings and regain sole ownership of the company in a de... Read More

Small banks make loans expensive on costly funds

Nairobi, Oct. 5 -- Smaller banks are charging higher interest rates on loans to offset the premium they pay to attract deposits, highlighting a funding disadvantage that is increasing borrowing costs ... Read More

Costly deposits make loans expensive at small banks

Nairobi, Oct. 5 -- Smaller banks are charging higher interest rates on loans to offset the premium they pay to attract deposits, highlighting a funding disadvantage that is increasing borrowing costs ... Read More

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