Kenya Revenue Authority (KRA), in partnership with the National Treasury, proudly announces the successful integration of the Electronic Tax Invoice Management System (eTIMS) with the Integrated Financial Management Information System (IFMIS). This strategic initiative aims to enhance tax compliance and elevate transparency in government transactions. KRA emphasizes that this integration
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Kenyan Retirees Can Transfer 50% of Pension to Medical Fund Under New Rules
Kenyan retirees now have the opportunity to transfer up to 50% of their accrued retirement benefits into dedicated medical funds, enhancing their financial security for healthcare costs post-employment. This initiative, introduced through the Retirement Benefits (Post-Retirement Medical Funds) Regulations, 2026, creates a structured approach for individuals to save specifically for
CBK Treasury Bills Auction Raises Ksh 44.3 Billion on Strong Demand
The Central Bank of Kenya (CBK) successfully accepted Treasury bills totaling Ksh 44.32 billion in its latest auction, significantly surpassing the initial offering of Ksh 28 billion across three maturities.This auction featured 91-day, 182-day, and 364-day Treasury bills, demonstrating robust investor demand for these government securities.According to the results released
Sony Sugar Revival Boosts Awendo Economy
The revival of Sony Sugar has ignited optimism for business growth in the sugar-belt towns, including Awendo Town and its neighboring areas, which are now thriving with activity.In a recent interview, Jane Pamela Odhiambo, Managing Director of Sony Sugar Company 2025 Limited, highlighted that the region's renewed confidence stems from
Mombasa Urged to Unlock Blue Economy Potential Beyond Port Trade
Mombasa has only tapped into about half of its potential in the maritime sector, and it is time to move beyond mere transit trade to fully embrace the broader opportunities presented by the blue economy, as highlighted by foreign maritime expert Rhavy Nursimulu. Nursimulu, the founder and CEO of Logi-Consult,
KRA to Access Uber, Bolt & Glovo Parcel Records Under New CA Rules
The moment you send a parcel through Uber, Bolt, Glovo, or Little in the future, the Government may access information about the sender, recipient, and declared contents of the package.New regulations from the Communications Authority of Kenya (CA) mandate that app-based courier platforms record and verify sender and recipient details,
Egypt Citizenship by Investment Starts at $250,000
Egypt, recognized as Africa's second-largest economy, stands out in Henley & Partners' 2026 global ranking of citizenship-by-investment programs. This unique opportunity starts at an appealing investment of just $250,000.Foreign investors seeking a second citizenship need not limit their options to the Caribbean or Europe. Egypt presents a compelling alternative, featured
Mudavadi-Linked Investors Eye First Assurance Buyback
Just over a decade after divesting a controlling stake in First Assurance to Barclays Africa, a group of investors associated with Prime Cabinet Secretary Musalia Mudavadi is preparing to reacquire the insurance company from Absa in a transaction projected to be valued at a minimum of Ksh3.8 billion.This proposed deal
Esther Koimett Takes 17.48% Stake in Middle East Bank
Esther Jepkemboi Koimett, the former Principal Secretary of Kenya, has emerged as the largest individual shareholder of Middle East Bank Kenya, holding a remarkable 17.48% stake. This significant acquisition follows a multimillion-dollar inheritance from her late father, Nicholas Biwott, a distinguished businessman and former Cabinet minister.Recent ownership disclosures from the
Dangote Meets Canada PM to Boost Africa Trade and Investment
Aliko Dangote, Africa's wealthiest man and the President and CEO of Dangote Industries Limited, recently engaged in a pivotal meeting with Canadian Prime Minister Mark Carney to explore the potential for a dynamic partnership between Africa and Canada.During this crucial dialogue, Dangote emphasized the importance of enhancing trade and investment