The National Assembly has expressed serious concerns about the recent sale of Tullow Oil’s assets to Gulf Energy, a Nairobi-based oil and gas trading firm. The deal, valued at Ksh15 billion (about $120 million), has raised questions due to the lack of clear information shared with the public and policymakers. In a report by the
The Kenya Revenue Authority (KRA) has come out to explain a recent change in how taxes on imported second-hand vehicles are calculated. This move comes after KRA made an announcement on May 30, 2025, stating that a new Current Retail Selling Price (CRSP) will take effect from July 1, 2025. The CRSP is the price
National Assembly Speaker Moses Wetang’ula has cautioned that the rising tensions between Pakistan and India could have major economic consequences for Kenya. In a statement issued on Thursday, June 5, the Speaker said the disagreement, which might potentially reignite hostilities between the two nations, could have a substantial impact on the country’s export sector, particularly
The National Social Security Fund (NSSF) is facing serious questions after reports showed major financial mismanagement, making many Kenyans worried about the safety of their retirement savings. While workers continue to make their monthly contributions, the fund has been slow in sharing its financial updates. This led to the Office of the Ombudsman, through the
Nelson Amenya, well-known for exposing the Adani-JKIA agreement, has delivered another bombshell. However, this time it is about an alleged hidden redesign of Kenya’s currency, just a year after the money’s security features were upgraded. Amenya told X on Monday, June 2, that the administration had changed the design of the currency and had already
Kenyans are now asking tough questions after it was revealed that money collected from the housing levy might have been used to build markets instead of affordable houses. This shocking news as shared by the daily Nation has raised doubts about the government’s real intentions when it comes to solving the housing crisis. For many,
The National Treasury has announced a new plan to change how the government manages money, starting in July. The goal is to make government spending more efficient, reduce corruption, and improve how services are delivered to the public. This plan, called the Treasury Single Account (TSA), will bring all government funds into one central system,
Equity Bank is one of the leading financial institutions in Kenya, offering important services to millions of customers. The bank is led by James Mwangi, who serves as the chief executive officer. Under his leadership, the bank has grown in both size and reach. However, recent news from the Business Daily newspaper published on Friday,
I&M Bank on spotlight after growing complaints that it may be taking advantage of customers through hidden exchange rate tricks during failed international money transfers. At the center of this troubling pattern that shows the bank possibly refunds failed transactions at a lower exchange rate than the one used when the transfer was initiated, leading
Auditor General Nancy Gathungu has revealed alarming losses to Kenyan taxpayers amounting to more than six billion shillings. This money was lost as fines and interest charges because government funds allocated for various projects were not used on time. Speaking to the National Assembly Budget and Appropriations Committee on May 27, 2025, Gathungu pointed out