The Kenya Revenue Authority (KRA) has collected more than Sh1 trillion in the first four months of the 2026/27 financial year, raising Sh1.010 trillion by the end of October. That’s a month earlier than it typically reaches the milestone. In a statement on Thursday, November 5, 2026, the taxman said it collected Sh260.630 billion in October, beating its monthly target of Sh258.304 billion by Sh2.327 billion. The October haul represented a performance rate of 100.9 per cent and was 15.5 per cent higher than collections in the same month last year, when growth stood at eight per cent. KRA said…
Author: Davin Muthoni
The High Court has allowed Equity Bank to freeze bank accounts and cryptocurrency belonging to four individuals and six companies accused of receiving part of about Sh1.5 billion allegedly diverted from the lender through fake salary transactions. The court capped the frozen accounts at a combined Sh303.2 million and ordered that any identifiable cryptocurrency be converted into ordinary currency within 10 days. The ruling was made public on Wednesday, November 4, 2026. The judge found that Equity had made a strong case that called for answers from the defendants. “The plaintiff has demonstrated a right that strongly appears to have…
Kenya has signed a partnership with Hollywood star Sir Idris Elba’s Akuna Group to open up opportunities for young people in the country’s creative industry. The deal links local talent with financing, investors and new technology. Foreign Affairs Principal Secretary Korir Sing’oei signed a Statement of Intent with Elba on Kenya’s behalf at the Commonwealth Heads of Government Meeting (CHOGM 2026) in Antigua and Barbuda. He announced the deal on Tuesday, November 3, 2026. “Our ambition is to connect Kenya’s extraordinary creative talent to technology, investment and opportunities,” Sing’oei said, adding that the goal was “turning creativity into dignified work,…
NCBA Group has completed the transfer of a 66 per cent controlling stake to South Africa’s Nedbank Group, handing the multinational control of one of Kenya’s biggest banks. Nedbank acquired 1,087,362,891 NCBA shares through a block trade on the Nairobi Securities Exchange (NSE) on Tuesday, November 3, 2026. The trade pushed the bourse’s total equity turnover for the day to Sh107.7 billion. In return, accepting shareholders received 43,631,052 new Nedbank shares, valued at 250 South African rand (about Sh1,928.50) each, and a cash payment of Sh23,228,613,860.87. “The Offer has now been completed in line with the previously indicated timing,” NCBA…
Airtel Kenya has paid Sh8.4 billion ($65 million) for a 25-year licence to use 100 MHz of fifth-generation (5G) spectrum. The deal strengthens its push for a bigger share of Kenya’s fast-growing high-speed internet market. Its parent company, Airtel Africa, disclosed the purchase in its results for the six months ended in September 2026, released on Friday, October 30, 2026. “Airtel Kenya acquired 100 MHz of spectrum in the 3500 MHz band for $65 million for a 25-year term, following approval by the Communications Authority of Kenya, subject to standard conditions,” Airtel Africa said. The extra spectrum will give the…
The Kenya Revenue Authority (KRA) has identified more than one million property owners who collect rent without declaring it for tax, in a fresh drive to seal one of the biggest gaps in government revenue. In submissions to the National Assembly’s Departmental Committee on Finance and National Planning on Wednesday, October 28, 2026, the taxman said the landlords were flagged by a digital system that compares property records with rental income declarations. KRA says undeclared rental income accounts for about 65 per cent of the roughly Sh153 billion the government loses every year to illicit trade, counterfeiting and tax evasion.…
The Kenya Revenue Authority (KRA) is in talks with Safaricom over a plan to enable M-Pesa to generate electronic tax invoices for small businesses. The plan would make it easier for small traders to comply with tax requirements and continue supplying large companies. Under the proposal, Safaricom would issue invoices through KRA’s electronic Tax Invoice Management System (eTIMS) on behalf of traders receiving payments via M-Pesa tills, paybills and other merchant platforms, and transmit the invoices to KRA. A KRA official told the National Assembly Committee on Finance and National Planning on Tuesday, October 27, 2026, that the authority had…
Seasoned journalist Yvonne Okwara has left Citizen TV, ending eight and a half years at the Royal Media Services-owned station and a broadcasting career of about 20 years. Okwara announced her exit on Tuesday, October 27, 2026, at the end of The Explainer, her weekly current affairs show. Speaking from her “Yvonne’s Take” desk, she told viewers she was leaving to pursue a new challenge. “After 20 years of building this ship, it is time to build another,” she said. She did not reveal her next move but signalled that she was taking a new direction rather than stepping away…
President William Ruto and Prime Cabinet Secretary Musalia Mudavadi are heading to Moscow for the Third Russia-Africa Summit, where Kenya hopes to open new markets for its tea, coffee and horticultural produce and attract investment in key sectors. The summit runs from October 28 to 29, 2026, alongside the Russia-Africa Economic and Humanitarian Forum, which continues until October 30. Mudavadi, who is also Cabinet Secretary for Foreign and Diaspora Affairs, left for Moscow on Monday, October 26, ahead of the President, who will lead the Kenyan delegation. The delegation also includes Diaspora Affairs Principal Secretary Roselyn Njogu. The Government says…
Stockbrokers at the Nairobi Securities Exchange (NSE) may have earned as much as Sh14 billion in commissions this year, as the value of shares traded in the nine months to September 2026 rose to Sh395 billion. That is more than double the Sh145 billion traded in all of 2025, according to data from the Capital Markets Authority (CMA), and marks one of the strongest years for the Kenyan stock market in more than a decade. The Sh14 billion figure is the maximum brokers could have earned. It is based on the top brokerage rate of 1.78 per cent charged on…
