Category
Finance
KRA Connects eTIMS to Little Cab as Ride-Hailing Sector Faces Tax Crackdown
The Kenya Revenue Authority has integrated its eTIMS platform with ride-hailing service Little Cab, allowing Kenyans to claim digital taxi fares as legitimate tax-deductible business expenses for the first time. The move, driven by Finance Act 2025 requirements, marks a significant push to bring the digital transport sector into full tax compliance.
High Court Throws Out KRA's Sh221m Tax Demand Against East African Seed Company
The High Court has handed East African Seed Company a major legal victory, nullifying a Sh221 million tax demand from the Kenya Revenue Authority linked to a 2020 corporate restructuring. The ruling overturns decisions by both KRA and the Tax Appeals Tribunal, finding the company had adequately backed its tax position.
Insurance Safety Net: PCF Pays Out Sh390.8 Million to Policyholders Hit by Insurer Collapses
The Policyholders Compensation Fund has paid out Sh390.8 million to 2,146 policyholders whose insurance companies collapsed, with Xplico Insurance accounting for the largest share at Sh137.8 million. The fund has also begun processing claims for Trident Insurance and is intensifying grassroots outreach across 14 counties to educate Kenyans on their compensation rights.
High Court Clears Path for Omtatah's Sh7 Trillion Public Debt Petition
The High Court has dismissed attempts by the Attorney General and other respondents to have Senator Okiya Omtatah's petition thrown out, paving the way for a full hearing into how Kenya accumulated approximately Sh7 trillion in public debt over the past decade. The Busia senator called the outcome a major victory for transparency and accountability.
KRA Stands Firm: No Extension for June 30 Income Tax Return Deadline
The Kenya Revenue Authority has shut the door on any hopes of a deadline extension, insisting that all taxpayers must file their 2025 income tax returns by June 30, 2026. With only two days remaining, KRA is urging Kenyans to act immediately or face stiff penalties and default tax assessments.
Kapchorua and Williamson Tea Dig Into Reserves to Fund Bumper Dividends
Williamson Tea Kenya and Kapchorua Tea Kenya have announced bumper dividends for the year ended March 2026, with Williamson tripling its total payout to Sh525.3 million and Kapchorua raising its distribution by 140 percent to Sh469.4 million. Both listed tea firms will tap substantial retained earnings to fund payouts that comfortably exceed their net profits.
Kenyan Banks Seize Record 42.5% of NSE Investor Wealth in Sustained Bull Run
Kenyan banking stocks have captured a record 42.5 percent share of all investor wealth at the Nairobi Securities Exchange, with the sector's combined valuation surging 70.4 percent to 1.56 trillion shillings over the past year. The rally, driven by stronger profits, acquisition deals, and Family Bank's new listing, has pushed banks past Safaricom in total market value.
CBK Targets Sh80 Billion in July Bond Auctions Amid Rising Interest Rates
The Central Bank of Kenya plans to raise Sh80 billion in July through the reopening of long-term government bonds and a debt switch operation, as it works to manage refinancing risk in a high-interest-rate environment driven by rising global commodity prices and persistent inflation pressures.
Family Bank Hunts for Strategic Investor to Trim Founders' Dominant Stakes
Family Bank is seeking a strategic investor to dilute the dominant stakes held by founder Titus Muya and the Kenya Tea Development Authority, which together control 59.5 percent of issued shares. The move, disclosed in listing documents ahead of the bank's NSE debut at Sh18 per share, is aimed at satisfying Central Bank of Kenya ownership regulations.