SBM Bank Kenya sh819 million Capital from Parent Firm Amid Rising Losses
Mauritius-based SBM Holdings has pumped an additional Sh819 million into its Kenyan subsidiary, SBM Bank Kenya, as part of continued efforts to stabilise operations...
Diaspora Remittances Rise Slightly to Sh159.5 Billion in Q1 Amid Slower Growth
Kenyans living and working abroad sent home $1.23 billion (Sh159.5 billion) during the first three months of this year, reflecting a slower growth rate...
KRA to Unveil New Second-Hand Car Tax Template by July
The Kenya Revenue Authority (KRA) will publish a new valuation template for taxing imported second-hand cars by July 2025. The move follows mounting concerns...
Top Banks Earn Sh61B More in High-Interest Rate Boom
Kenya's top nine tier I banks earned Sh61 billion more from lending in 2024, boosted by high interest rates that widened their margins despite...
Kenya Unveils eRITS to Boost Rental Tax Compliance and Expand Revenue Base
The National Treasury’s Principal Secretary, Dr. Chris Kiptoo, today launched the Electronic Rental Tax Information System (eRITS), a digital platform designed to enhance rental...
