Key Highlights: Kenya’s savings and credit cooperative societies have implemented their first reduction in dividend rates in three years, cutting the average rate of dividends on share capital to 10.46 percent for the year ending December 2024. This marks a strategic shift as saccos prioritize building stronger capital reserves over maximizing immediate returns to their […]

In a bold regulatory move that could fundamentally reshape Kenya’s digital financial landscape, the Central Bank of Kenya (CBK) has proposed cutting mobile money transaction fees by approximately half, targeting a reduction in average person-to-person transfer costs from KSh 23 to just KSh 10. The proposal, embedded within the Kenya National Financial Inclusion Strategy 2025-2028, […]

Kenya has unveiled the most ambitious digital taxation framework in Africa, introducing sweeping regulations that will fundamentally reshape how global technology giants including OpenAI’s ChatGPT, Netflix, Google, Amazon, and Uber are taxed for services consumed by Kenyan users. The Kenya Revenue Authority’s (KRA) new Income Tax (Significant Economic Presence Tax) Regulations, 2025, published this week, […]

Kenya marked a historic milestone in its tea industry by launching its first orthodox tea auction in Mombasa, signaling a strategic shift toward premium specialty markets as the country seeks to maximize revenue from its position as the world’s largest tea exporter. The inaugural auction successfully traded 2,925 packages equivalent to 91,798 kilograms of orthodox […]

Kenya and the Czech Republic have signed a transformative Agreement on the Elimination of Double Taxation, marking a pivotal moment in bilateral economic relations between the two nations. The landmark accord, formalized at the National Treasury Building by Cabinet Secretary John Mbadi and Czech Ambassador Nicol Adamcová, represents Kenya’s 16th such agreement and signals both […]

In a significant move to support Kenya’s most vulnerable populations, the government has disbursed KSh 422,458,200 in cash transfers to 132,779 households across eight drought-prone counties under the Hunger Safety Net Programme (HSNP). This latest distribution, announced on September 22, 2025, represents a crucial lifeline for families struggling with the devastating effects of climate-related shocks […]

Kenya is intensifying efforts to finalize a groundbreaking bilateral trade agreement with the United States by December 2025, as the African Growth and Opportunity Act (AGOA) approaches its critical September 30 expiration date. This landmark deal would mark the first comprehensive trade agreement between the US and a sub-Saharan African nation, representing a pivotal moment […]

Kenya faces a devastating economic crisis as sophisticated criminal networks systematically drain between Sh243 billion and Sh253 billion annually from the national economy through illicit trade activities, according to a comprehensive joint report by the National Taxpayers Association and Oxfam. This staggering figure, which has more than doubled over the past four years, represents nearly […]

The digital revolution has reached Kenya’s wildlife tourism sector in unprecedented fashion. Uber Technologies Inc. has officially launched Uber Safari, an innovative service that transforms how tourists and locals experience one of Africa’s most unique wildlife destinations. This groundbreaking initiative marks a significant milestone in Kenya’s tourism evolution, combining cutting-edge technology with the country’s rich […]

Kenya and South Korea have signed a Memorandum of Understanding (MoU) to strengthen technical cooperation in nuclear energy research and development, positioning Kenya as a frontrunner in Africa’s nuclear energy renaissance. The historic agreement was signed on September 15 in Vienna, Austria, by Kenya Nuclear Power and Energy Agency (NuPEA) CEO Justus Wabuyabo and Han […]