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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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The Ethics and Anti-Corruption Commission (EACC) has arrested a Nairobi police officer for allegedly soliciting and receiving a bribe in connection with a defilement case. Police Constable Philip Ochieng Adongo, stationed at Sarangombe Police Post, is accused of demanding KSh 4,000 from a complainant as an inducement to arrest a suspect accused of defiling the…
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WhatsApp has accused Russian authorities of attempting to block access to its messaging platform, adding to growing concerns over digital censorship and restrictions on communication tools in the country. The move comes amid heightened tensions between the Russian government and major technology firms, as officials tighten control over online spaces and limit the flow of…
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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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The Equity Leaders Program (ELP) commissioned its 2025 Global Airlift today at Church House, Equity Bank Uganda’s headquarters on Kampala Road. The ceremony,marked the departure of 128 scholars from Uganda, Kenya, Rwanda, and the DRC to top global universities. Under the initiative, these scholars have secured placements in 62 universities across 19 countries with scholarships…
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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…
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In the first quarter of 2025, Kenya’s fixed broadband landscape was dominated by five leading providers, as revealed by fresh data from the Communications Authority of Kenya. These providers collectively shaped the country’s internet market during the period from January to March. At the top of the list was Safaricom, holding the largest slice of…
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The African Union (AU) has thrown its weight behind a campaign urging governments, schools, and international organisations to abandon the centuries-old Mercator world map in favour of a projection that accurately depicts Africa’s scale. The 16th-century Mercator projection, developed for maritime navigation, has long been criticised for distorting landmass sizes—enlarging regions near the poles while…
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Crude oil prices edged higher today following a sharp dip to two-month lows, reflecting renewed risk premiums tied to upcoming geopolitical events and the Federal Reserve’s anticipated rate cuts. Brent crude rose by 28 cents to $65.91 per barrel, while U.S. benchmark West Texas Intermediate gained 23 cents to $62.89 a barrel. The rally comes…