Category: Economy&Finance
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Mr Titus Muya, Family Bank founder. Titus Kiondo Muya’s Family Bank, considered Kenya’s 4th largest lender by network, has called a virtual Extraordinary General Meeting (EGM) on 27th October 2025, seeking the approval of shareholders to list its shares at the Nairobi Securities Exchange (NSE). The board will also seek a nod from its owners…
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Equity Bank Kenya Managing Director Moses Nyabanda addresses the Eastleigh Business Community during the meeting. The initiative was highlighted during a customer engagement forum attended by more than 40 business leaders in Eastleigh. Speaking during a recent customer engagement forum with Equity Bank, Eastleigh Business Community Secretary General Omar Ibrahim Hussein said the shift towards…
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Mi Vida chief executive officer, Samuel Kariuki Nairobi’s push for affordable and eco-friendly housing has received a major boost after real estate developer Mi Vida Homes handed over 200 green housing units to International Housing Solutions (IHS) Kenya at its 237 Garden City project along Thika Superhighway. The project, dubbed Muzi Stawi — meaning Peaceful…
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SACCOs in Kenya Delay by Savings and Credit Cooperative Societies(SACCOs) in refunding cash to members who have exited the Society or intend to transfer their shares to another SACCO, tops the list of grievances that flow into the complaints portal of SACCO Societies Regulatory Authority(SASRA) A glimpse of similar claims over delayed cash refunds have…
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EV charging infrastructure Kenya Kenya is fast-tracking its clean-transport ambitions. The Ministry of Energy and Petroleum has unveiled a $47.26 million (Sh6.12 billion) plan to roll out 10,000 EV charging stations across the country. The project is designed to overcome a persistent obstacle for EV adoption: the lack of charging infrastructure outside Nairobi. The rollout…
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Kenya’s KRA Digital Tax Collection Hits Sh2.3 Billion as Foreign Tech Giants Finally Pay Their Share
By the end of August 2025, the Kenya Revenue Authority (KRA) had pulled in Sh2.3 billion from 454 foreign digital service providers, ranging from ride-hailing apps to streaming platforms. Most of these companies—Amazon, Netflix, Microsoft, Facebook, Alibaba—operate entirely online, with no Kenyan offices, which historically allowed them to sidestep traditional income taxes. This influx is…
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[Photo: Bizna Kenya] Kenya’s digital economy is quietly evolving into a battleground between tech giants and local authorities. With the Significant Economic Presence (SEP) tax replacing the old Digital Service Tax (DST), the Kenya Revenue Authority (KRA) is now considering a move that could redefine how Kenyans interact with global platforms. Local users of Amazon,…
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For nearly two decades, M-Pesa has operated like essential infrastructure and untouchable monopoly at the same time — a utility wrapped in a business model. Now, for the first time since Covid-era fee waivers, the Central Bank of Kenya (CBK) is preparing a permanent intervention: a CBK mobile money fee cap that would cut average…
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TALA founder & CEO Shivani Siroya Most startups that survive long enough begin acting their age — cutting burn, consolidating markets, moving from chaos to caution. Tala, the Santa Monica-based microloan provider, never got that memo. Eleven years in, the company is still unprofitable, still lending to the riskiest customer segment on earth — low-income…
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Five wellheads in Olkaria, in Kenya’s Rift Valley region [Photo Credits: Esipisu/IPS] Olkaria was supposed to symbolize Kenya’s big leap into the future — a geothermal valley where battery-powered vehicles and AI-ready data halls could coexist, each feeding off carbon-free steam rising from the earth. Two headline projects embodied that promise: Aquilastar’s EV plant in…