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Banks raise NSE wealth share to record 42.5pc on bull run

Nairobi, June 25 -- The share of investor wealth at the Nairobi Securities Exchange (NSE) concentrated on the banking segment has climbed to a record 42.5 percent after a price rally in the past year ... Read More


KRA loses Sh221 million tax battle against seed company

Nairobi, June 25 -- The High Court has overturned a Sh221 million tax assessment against East African Seed Company, handing the agribusiness a major victory in a dispute over value-added tax and withh... Read More


New Act to spur Kenya's coffee renaissance

Nairobi, June 25 -- The assent of the new Coffee Act by President William Ruto marks a major turning point in Kenya's agricultural and economic landscape. Coming at a time when the country is seeking... Read More


Inside Gawio Day: Tracking the value of public investment

DAR ES SALAAM, June 25 -- AS Tanzania prepares to commemorate Gawio Day on June 30,2026 public investment has emerged as one of the key pillars driving economic transformation, improved public service... Read More


Elon Musk loses trillionaire status as SpaceX and Tesla shares tumble

United Kingdom, June 25 -- Elon Musk has lost his trillionaire status less than two weeks after becoming the first person to surpass the $1 trillion mark, following a sharp sell-off in shares of Space... Read More


Meta working on 'prediction markets' app

United Kingdom, June 25 -- Meta is reportedly developing a new standalone app that will allow users to predict the outcomes of future events, as the technology giant looks to tap into the rapidly grow... Read More


KRA loses Sh221m tax battle against seed company

Nairobi, June 25 -- The High Court has overturned a Sh221 million tax assessment against East African Seed Company, handing the agribusiness a major victory in a dispute over value-added tax and withh... Read More


Sh1.2bn Royco dispute tests multinationals' tax rules

Nairobi, June 25 -- The High Court has allowed the Kenya Revenue Authority (KRA) to pursue a fresh appeal against Unilever Kenya in a dispute involving more than Sh1.2 billion in customs taxes, reopen... Read More


Eala endorses $4.7 million supplementary EAC budget

Tanzania, June 25 -- Arusha. The East African Legislative Assembly (Eala) has approved a supplementary budget of about $4.79 million (about Sh12.61 billion) for the 2025/2026 financial year. At the s... Read More


ABSU warns of new Bodoland stir over accord delays

India, June 25 -- The All Bodo Students' Union (ABSU) has issued a stern warning to the Centre and the Assam Government over the lackadaisical implementation of the 2020 Bodo Peace Accord, cautioning ... Read More