Business

Finance Act 2026 Gives Digital Lenders Tax Relief, but Industry Says More Reforms Are Needed

Finance Act 2026 Gives Digital Lenders Tax Relief, but Industry Says More Reforms Are Needed

Kenya’s digital lending industry has welcomed several tax reforms introduced under the Finance Act 2026, saying the changes will help…
Banks Pull Back on Lending to State Corporations as Treasury Tightens Borrowing Rules

Banks Pull Back on Lending to State Corporations as Treasury Tightens Borrowing Rules

Commercial banks are becoming increasingly cautious about lending to Kenya’s State corporations, with new data showing a sharp decline in…
Tanzanian Billionaire Aziz Flies to Uganda as Talks Begin Over Nation Media Shutdown

Tanzanian Billionaire Aziz Flies to Uganda as Talks Begin Over Nation Media Shutdown

Tanzanian billionaire Rostam Aziz has stepped in personally to help resolve the crisis that has brought Nation Media Group’s (NMG)…
Central Bank of Nigeria Revokes 47 Licenses of Microfinance Banks

Central Bank of Nigeria Revokes 47 Licenses of Microfinance Banks

The Central Bank of Nigeria (CBN) went on a volley Wednesday when it revoked licenses belonging to microfinance banks in…
Court Tightens Rules on Redundancies in Judgement Favouring Employees

Court Tightens Rules on Redundancies in Judgement Favouring Employees

A new court ruling could make it significantly harder for companies in Kenya to lay off employees, raising the threshold…
Rock Investment Bank Acquires Majority Stake in Nabo Capital as Centum’s Holding Drops to 40%

Rock Investment Bank Acquires Majority Stake in Nabo Capital as Centum’s Holding Drops to 40%

Rock Investment Bank has acquired a majority stake in Nabo Capital Limited, meaning Nabo Capital will no longer sit within…
Vodacom Acquires Majority Stake in Safaricom to Majority Shareholding 

Vodacom Acquires Majority Stake in Safaricom to Majority Shareholding 

Vodacom Group has completed the acquisition of an additional 20% effective stake in Safaricom PLC, increasing its shareholding to approximately…
Kenyan MSMEs Contributing Ksh.1 Trillion in Deposits But Face Credit Access Challenge 

Kenyan MSMEs Contributing Ksh.1 Trillion in Deposits But Face Credit Access Challenge 

Kenya’s small businesses contribute over Ksh 1 trillion in bank deposits and support nearly 15 million jobs yet receive just…
Lenders Urged to Sustain Credit Flow Over Mounting Inflationary Pressure

Lenders Urged to Sustain Credit Flow Over Mounting Inflationary Pressure

Metropol has called on financial institutions, particularly Savings and Credit Cooperative Organizations (SACCOs), to adopt balanced lending strategies that protect…
Metropol Assigns Investment Grade Rating to Brisk Marketing Limited

Metropol Assigns Investment Grade Rating to Brisk Marketing Limited

Metropol Credit Rating Agency (MCRA) has assigned an investment grade rating to Brisk Marketing Limited, underscoring the company’s positive growth…
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