Category: Economy&Finance
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The Cooperative Bank of Kenya has reported an 8.3 percent profit growth for the half year ended June 30, 2025. According to the financial results announced on Thursday, the bank reported profit Before Tax of Sh19.7 billion, up from Sh18.2 billion in the same period last year. Profit after tax stood at Sh14.1 billion, representing…
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The Nation Media Group has announced Sh41.7 million 2025 half year net loss. This loss after tax was a major improvement from the Sh260.2 million net loss that the media house had recorded in the same period the previous year. During the period under review, the company’s total assets dipped by 1.5 percent to Sh7.4…
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When the Bizna Kenya team arrived at his home in Limuru, Kiambu County, George Simiyu, a real estate magnate, could be spotted at a distance standing at the edge of a glass balcony, sipping an espresso on a Chilly Saturday evening. “Welcome to my ‘tiny’ space,” he jokingly says as he welcomes us into his…
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President William Ruto has set a program to cover 190,000 young Kenyans through savings schemes and startup grants. Speaking on Tuesday, August 2025, during International Youth Day celebrations in Kakamega County, Ruto said the government will help these beneficiaries join the National Social Security Fund (NSSF) to build financial discipline and secure their future. He explained that about 110,000 young entrepreneurs,…
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President William Ruto signed into law the County Allocation of Revenue Bill, 2025, and the County Public Finance Laws (Amendment) Bill, 2023, raising counties’ equitable share of national revenue to Ksh415 billion from Ksh387.4 billion for the financial year 2025/2026. The County Allocation of Revenue Bill, sponsored by Senate Finance and Budget Committee chair Ali…
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CHECK OUT: Earning Potential from Day One. Discover Multiple Revenue Streams That Can Help You Earn $800+ Monthly (At the Start!), Even with a Small Audience .ke journalist Japhet Ruto has over eight years of experience in financial, business, and technology reporting and offers deep insights into Kenyan and global economic trends. The Nation Media…
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The Kenya Revenue Authority (KRA) has introduced new restrictions on tax reliefs applied to lump-sum gratuity payments made to employees, a move that is expected to affect both private and public sector workers receiving end-of-service benefits. The revised guidelines, issued as part of ongoing tax policy adjustments, aim to tighten what the authority describes as…
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Fruit processing giant Del Monte Kenya has unveiled plans to invest Ksh516 million in a state-of-the-art pineapple freezer facility aimed at reducing post-harvest losses and boosting value addition. The proposed project will be located at the company’s expansive plantation and processing site in Thika and is expected to enhance the shelf life of fresh pineapples…
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A leading shareholder in Kenya’s largest supermarket chain, Naivas, has raised the alarm over potential job losses as a Ksh777 million tax dispute with the Kenya Revenue Authority (KRA) escalates. The heir to the family-owned retail empire, which has grown to dominate the country’s formal retail space, says the ongoing tax wrangle could have serious…
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Bitcoin surged to a new all-time high today, bolstered by growing expectations that the US Federal Reserve may begin cutting interest rates in the near future, reigniting investor appetite for risk assets. The world’s largest cryptocurrency climbed past its previous record, driven by a combination of macroeconomic optimism, institutional demand, and a broader rally in…