The Kenya Revenue Authority (KRA) has lost Ksh 9.1 billion in tax revenue between the period of April 2026 and May 2026 as a result of the adjustment in the Value Added Tax (VAT) on fuel from a percentage of 16 per cent to a percentage of 8 per cent. In a press release issued
Economic activist Sholla Ard has called on President William Ruto to address growing concerns about money laundering after global payment platform PayPal reportedly began tightening restrictions on Kenyan accounts. The move follows Kenya’s grey listing by the Financial Action Task Force (FATF), which has raised concerns over money laundering risks and increased scrutiny on financial
Express Kenya PLC has announced plans to issue up to 50 million new ordinary shares. As a result, Express Kenya is positioning itself for a major financial shift. The move may also influence activity at the Nairobi Securities Exchange. Meanwhile, the company disclosed the plan in a cautionary notice dated May 28, 2026. In particular,
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