Kenya Electricity Generating Company PLC (KenGen) has appointed Eng. Ronoh Kibet Charles as its next managing director and chief executive officer. He will take over from Eng. Peter Waweru Njenga, who is retiring. The company’s board announced the appointment on Saturday, October 24, 2026, and said Kibet will assume office on February 1, 2027, after a transition period to ensure a smooth handover. The board said he was selected through a competitive recruitment process. Kibet is a company insider. He currently serves as KenGen’s general manager for commercial services, where he oversees energy markets, investments, new business and partnerships, marketing…
Author: Davin Muthoni
Kenya’s banks paid a record Sh205.58 billion in taxes in 2025, the first time the sector’s annual contribution to the Exchequer crossed the Sh200 billion mark, according to a new industry report. The 2025 Total Tax Contribution Report by the Kenya Bankers Association (KBA), released on Thursday, October 22, 2026, shows that the tax paid and collected by the sector rose by 5.53 per cent to Sh205.58 billion, up from Sh194.81 billion in 2024. The figure has more than doubled since 2018, when it stood at Sh99 billion. The banks covered by the report accounted for about 8 per cent…
President William Ruto’s plan to stop taxing workers who earn Sh32,333 or less a month has been welcomed by many low-income earners. However, new details show the change would also scrap the Sh2,400 monthly personal relief that every employee currently enjoys. This has raised questions about how the overhaul will affect take-home pay across different income levels. Here is what we know so far and what is still to be confirmed. What has been proposed? The President announced the plan during the Mashujaa Day celebrations in Eldoret on October 20, 2026. Under the proposal, the first Sh32,333 of an employee’s…
The Kenya Bankers Association (KBA) has called on the Government to cut Pay As You Earn (PAYE) tax by five percentage points for all workers. The proposal goes further than President William Ruto’s plan to exempt only those earning Sh32,333 or less a month. Speaking on Thursday, October 22, 2026, during the release of the 2025 Total Tax Contribution Report, KBA Chief Executive Officer Raimond Molenje said a cut across all income brackets would boost spending, create jobs and help borrowers repay loans. “From the banking sector, private sector and employed Kenyans, we are looking to the government to build…
The Government has ordered all public institutions to urgently secure their websites and online systems after two critical security flaws were discovered in PHP, the programming language that powers an estimated 70 per cent of the world’s websites. The flaws have already forced several European governments to take their websites offline. In an advisory issued on the night of Wednesday, October 21, 2026, the State Department for ICT and Digital Economy and the ICT Authority directed ministries, departments and agencies to identify vulnerable systems and install the official security updates without delay. “All Government institutions are required to treat this…
Nigerian billionaire Aliko Dangote has bought a 24.76 per cent stake in Kenya Pipeline Company (KPC) for about Sh42.5 billion ($327 million), becoming one of the biggest shareholders in the state-backed fuel transporter barely a month after breaking ground on his Sh2.2 trillion oil refinery in Lamu. The Dangote Group chief executive disclosed the deal at an event in London on Wednesday, October 21, 2026, according to Bloomberg. “We bought 25 per cent of their pipeline network for the distribution of petroleum products,” he said. The deal covers about 4.5 billion KPC shares. The shares were sold by public institutions…
Former Kiambu Governor Ferdinand Waititu and his wife, Susan Wangari, will remain in custody for at least another five days after the Anti-Corruption Court postponed their sentencing in the Sh588 million roads tender case and referred a dispute over the High Court’s judgment back to the High Court for guidance. On Thursday, October 22, 2026, Chief Magistrate Harrison Barasa at the Milimani Law Courts said he had sought directions from the High Court before proceeding. “Having considered the issues raised, this court deemed it prudent to place a file before the High Court through the Deputy Registrar for directions,” he…
Kenyans earning Sh32,333 or less a month will no longer pay Pay As You Earn (PAYE) income tax under a proposal announced by President William Ruto during the Mashujaa Day celebrations at Kipchoge Keino Stadium in Eldoret on Tuesday, October 20, 2026. The President said the move is meant to put more money in the pockets of low-income workers as the cost of living rises. “We have prepared a proposal to exempt Kenyans earning Sh32,333 per month or less from paying PAYE,” he said. He directed the National Treasury to table the proposals in Parliament next week. If approved, the…
An investment company linked to Prime Cabinet Secretary Musalia Mudavadi and Lamu Governor Issa Timamy has agreed to pay about Sh3 billion to buy majority stakes in two insurance companies from South Africa’s Absa Group. The deal returns control of the businesses to the investors who sold them to the lender a decade ago. People familiar with the transaction said First Assurance Investments Limited will pay Absa an estimated Sh3 billion for its 63.3 per cent stakes in Absa Life Assurance and First Assurance Kenya Limited. The price values the two insurers at about Sh4.77 billion. Absa announced the agreement…
President William Ruto has announced plans to decentralise the New Kenya Co-operative Creameries (New KCC) and hand dairy farmers greater ownership and control of its factories. He also pledged to raise the price farmers are paid for milk to Sh65 per litre as part of reforms aimed at turning the state-owned processor into a profitable business. Speaking in Kapsabet, Nandi County, on Sunday, October 18, 2026, during the launch of development projects in the county, the President said the government would also clear about Sh400 million owed to dairy farmers by the end of October. He said the changes would…
