KENYA Deloitte fined for Sh2.1bn hidden hole in Chase Bank The capital markets regulator on Wednesday fined Deloitte after the audit firm failed to detect a non-existent Sh2.1 billion Chase Bank accou...
On Wednesday, July 27, 2022, the Central Bank of Kenya launched the Money Laundering and Terrorism Financing National Risk Assessment Report (NRA). The report identifies and assesses Kenya’s Money L...
KENYA Kenya inks cheap power deal with Ethiopia Kenya on Tuesday officially signed a Power Purchase contract with Ethiopia for the purchase of cheap hydroelectric power even as Nairobi nears completin...
A green taxonomy is an official classification or catalogue that defines a minimum set of assets, projects and sectors that are eligible to be defined as “green” or environmentally friendly. Green...
KENYA Kenya disowns port deal promises made to Dubai Kenya has disowned promises of a July tender made to Dubai Port (DP) World that would have allowed the UAE-based firm to offer a bid for developmen...
KENYA Biden dumps Uhuru’s trade deal with Trump The Biden administration on Thursday launched a fresh strategic trade and investment partnership with Kenya, replacing an agreement ex-President Donal...
KENYA Safaricom Ethiopia to start operations next month The Safaricom-led consortium aims to start operations in Ethiopia next month but will stagger the rollout of the telecommunication services acro...
ACTS, 2022 The County Allocation of Revenue Act, 2022 The Supplementary Appropriation (No. 2) Act, 2022. The Appropriation Act, 2022 The Finance Act, 2022 The Traffic (Amendment) Act, 2022 PUBLIC SECT...
A combination of decisions this week have provided some relief and could reduce the political pressure on the administration as it sees out its last days in office. Via the Finance Act, the Treasury r...
The set-up of the Nairobi International Financial Centre is a major milestone in Kenya’s ongoing efforts to become an Upper Middle-Income Country (UMIC). While its significance will largely become c...
KENYA Treasury shuns law set to control goods prices The Treasury will not invoke the law that allows the government to control the prices of essential goods in reaction to the surge in inflation. Tre...
KENYA Hoteliers, traders jostle for piece of KSh6bn rally windfall Palatial homeowners with spacious grounds in Naivasha are hurriedly setting up tents to cash in on the windfall from the World Rally ...