Kenya and Tanzania are preparing for high-stakes bilateral negotiations scheduled for Friday, October 3, 2025, aimed at resolving tensions stemming from Tanzania’s controversial July decision to prohibit foreigners from engaging in small-scale business activities—a move that has sent shockwaves through the East African Community (EAC) and raised fundamental questions about the future of regional economic […]

The Kenyan government has formalized a landmark bilateral agreement with Belgium designed to eliminate double taxation and prevent tax evasion for individuals and businesses operating between the two countries. The historic deal was signed on Tuesday, September 30, at the National Treasury offices in Nairobi, marking a pivotal moment in Kenya-Belgium economic relations. The agreement […]

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, […]