The government tabled the Finance Bill 2026 in Parliament on April 30, 2026, setting out a range of tax proposals that will affect individuals, businesses, and investors across the country. Lawmakers will now debate the bill as part of the budget process for the 2026/2027 financial year. First, the bill proposes reducing the tax return
The Policyholders’ Compensation Fund (PCF) has taken control of three struggling insurance companies placed under its statutory management to protect policyholders and stabilize the affected firms. The three insurers affected are Trident Insurance Company Limited, KUSCCO Mutual Assurance Limited, and Corporate Insurance Company Limited. According to PCF, the companies were placed under statutory management, effective
A report by the Capital Markets Authority (CMA) shows that Kenyans are steadily shifting their investments away from Money Market Funds (MMFs), which were previously popular. The report shows that MMFs’ share of Assets Under Management (AUM) has dropped gradually from highs of over 90 percent in the previous years to about 56 percent by
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