The Kenya Revenue Authority (KRA) has reaffirmed its commitment to supporting micro and small enterprises through enhanced taxpayer engagement and simplified compliance measures. Speaking during a taxpayer engagement forum in Kisii County , Commissioner for Micro and Small Taxpayers George Obell emphasised that the authority’s role goes beyond revenue collection. “KRA is not just here to collect; we are…
Galaxy S26 Ultra won Best in Show at the Global Mobile Awards (GLOMO Awards) during Mobile World Congress (MWC) 2026 held in Barcelona, Spain. The Global Mobile Communications Association (GSMA) holds the GLOMO Awards annually during MWC to recognize outstanding innovations in the mobile industry. The Best in Show category celebrates consumer-focused products that set…
Absa Bank has reported a 10 per cent increase in net profit to Sh22.9 billion for the year ended December 31, 2025, driven by strong non-interest income growth, improved asset quality and tighter cost management despite pressure on interest income. The lender’s total revenue stood at Sh61.4 billion during the period, reflecting shifts in the interest…
The I&M Bank has partnered with B Lab Africa to roll out a new initiative aimed at strengthening the resilience and sustainability of Small and Medium Enterprises (SMEs) across Kenya. The collaboration will see the launch of the Resilient Sustainable Business (RSB) programme, a nine-week blended learning experience designed to equip SMEs with the expertise…
As erratic weather patterns push up food prices and wipe out harvests across Kenya, agri-tech platform FarmBizAfrica has unveiled an artificial intelligence-powered advisory tool designed to help farmers reduce climate risk and significantly increase earnings. The new platform, HarvestMAX, uses AI to generate customised crop plans based on a farmer’s specific location, soil type and…
The IMF Mission Kenya officially commenced high-stakes negotiations in Nairobi on Tuesday, February 24, 2026, to design a successor loan program aimed at stabilising the country’s precarious fiscal position. This latest visit, scheduled to run through March 4, follows the collapse of a previous $3.6 billion arrangement that expired in April 2025 after the government failed to meet critical…
Liberty Life Assurance Kenya and Heritage Insurance Company Kenya have been awarded an AA+(KE) financial strength rating with a Stable Outlook by Global Credit Rating Company (GCR), an affiliate of Moody’s global rating agency, reinforcing their position among the country’s most financially resilient insurers. The two companies are subsidiaries of Liberty Kenya Holdings, and the…
The Commission on Revenue Allocation (CRA) has proposed a resource allocation of Sh458.94 billion to the County Governments, citing the need for equitable sharing between the two levels of government. Led by its chairperson, CPA Mary Wanyonyi Chebukati, the Commission made their submissions regarding the 2026 Budget Policy Statement (BPS) before the Committee on Budget…
Kenya has taken a bold step toward securing a more reliable, affordable, and sustainable energy future with the enactment of the Energy (Integrated National Energy Plan) Regulations, 2025 (Legal Notice 83 of 2025). The new regulations operationalize provisions of the Energy Act, 2019 and introduce the Integrated National Energy Plan (INEP), a comprehensive framework designed…
Stanbic Bank has renewed its commitment to Africa’s long-term economic transformation through a Platinum Sponsorship of the 2026 Africa Editors Congress. The bank said the sponsorship underscores its support for strong and trusted institutions that enhance market confidence and broaden economic participation across the continent. The inaugural congress, organised by the African Editors Forum and…
