President Ruto signs Sovereign Wealth Fund Bill 2026 as Kenya sets aside 30% of mineral revenues for future generations
Kenya Establishes Sovereign Wealth Fund After President Signs 2026 Bill Into Law Kenya has officially established a Sovereign Wealth Fund after the Sovereign Wealth Fund...
Ruto Signs CBK Amendment Act 2026 Allowing Emergency Liquidity Support for Banks in Crisis
President William Ruto has signed the Central Bank of Kenya (Amendment) Act, 2026, establishing a formal legal framework that allows the Central Bank of Kenya...
CMA Seeks Virtual Assets Blockchain Analytics System to Fight Crypto Fraud, Money Laundering
Kenya’s capital markets regulator is moving to strengthen oversight of the rapidly expanding virtual assets industry by acquiring a blockchain analytics system capable of monitoring...
Tony Elumelu’s UBA Legacy: The Numbers Behind 12 Years of Building a Pan-African Banking Giant
Tony Elumelu has stepped down as Group Chairman of United Bank for Africa (UBA), ending a 12-year tenure that reshaped the lender into one of...
Inside The KRA Tax Amnesty 2026: Full Waiver on Penalties and Interest Explained
The Kenya Revenue Authority (KRA) has rolled out a fresh tax amnesty programme under the Kenya Revenue Authority, giving taxpayers a six-month window to clear...
Airtel Tanzania Pays TZS 65.48 Billion Dividend to Government, Total State Returns Hit TZS 350 Billion
Airtel Tanzania has handed over a TZS 65.48 billion dividend to the Government of Tanzania for the 2025/26 financial year, bringing the telecommunications company's cumulative...
Largest Banks by Market Value in East Africa
NMB Bank NMB Bank's market capitalization has reached approximately TZS 8.11 trillion (USD 3.10 billion), placing it on top of the list of the largest...
NMB Bank Becomes East Africa’s Largest Bank by Market Value After Crossing $3 Billion
NMB Bank Plc has become East Africa’s largest bank by market value after it surpassed TZS 8.08 trillion (about USD 3 billion), overtaking all listed...
Top 10 Countries Sending the Most Money to Kenya as Diaspora Remittances Cross KSh1 Trillion
Top 10 Countries Sending the Most Money to Kenya as Diaspora Remittances Cross KSh1 Trillion Kenya's diaspora remittances have crossed the KSh1 trillion mark for...
Kenya Expands Withholding Tax to Card Payment Fees Under Finance Act 2026
The Finance Act 2026 has expanded the definition of "management or professional fees" under the Income Tax Act to include interchange fees and merchant service...