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House team backs Sh204bn Safaricom State shares sale

Nairobi, Feb. 4 -- The parliamentary Finance and National Planning Committee says only Sh29.8 billion will be available for development expenditure in the 2025-26 financial year, underscoring the urge... Read More


Why court backs KRA in fight against doubtful 'nil tax' filings

Nairobi, Feb. 4 -- A Nairobi restaurant has lost a bid to overturn a tax assessment after the High Court ruled that the law cannot assist a taxpayer, who files nil returns while failing to maintain st... Read More


Kenyan TikTok creators earn Sh45m in first year of monetisation

Nairobi, Feb. 3 -- Kenyan digital creators earned Sh45.1 million in brand collaborations during the first year of TikTok's commercial operations in the country, boosting the platform's local creator e... Read More


KeNHA gets nod to fight Sh201m contractor payment order

Nairobi, Feb. 3 -- The Kenya National Highways Authority (KeNHA) has been allowed to challenge a decision directing it to pay Sh201 million to an Israeli construction firm. A judge of the Court of Ap... Read More


Operators say electric buses make more profit, cut costs

Nairobi, Feb. 3 -- Electric vehicles (EVs), once dismissed as a far-fetched dream for Africa's chaotic matatu industry, are now carving a niche and redefining the systems that have sustained Kenya's p... Read More


Kenyan tech startups drive Africa's record rise in debt financing

Nairobi, Feb. 3 -- Kenyan technology startups are increasingly turning to debt financing as a primary source of capital, reflecting a broader shift in Africa's venture funding landscape, where more yo... Read More


CDF offices, 3 counties face fines on contractors levy

Nairobi, Feb. 3 -- The public procurement watchdog is pursuing 221 constituency offices, three counties, and a number of State agencies for failing to deduct a new levy when paying suppliers and contr... Read More


How KRA officer was framed in Busia sugar smuggling racket

Nairobi, Feb. 3 -- A former Kenya Revenue Authority (KRA) officer was unfairly dismissed after being set up as the "fall person" in a sugar smuggling racket at the Busia border, the Employment and Lab... Read More


Cooling inflation, reduced currency volatility boost Safaricom Ethiopia

Nairobi, Feb. 3 -- Cooling inflation and reduced exchange rate volatility in Ethiopia has handed Safaricom some respite as it eyes turning a profit in the market by March next year. The lower consume... Read More


Court backs KRA's push to tax unexplained bank deposits

Nairobi, Feb. 3 -- The Kenya Revenue Authority (KRA) has received backing from the Tax Appeals Tribunal to tax unexplained bank deposits in the fight against tax evasion. The tribunal ruled that mone... Read More