- The crackdown is taking place nationwide, with both individuals and businesses targeted. As of September last year, 511 companies had been found to be actively evading taxes, which cost KRA Ksh79 billion.
- In today’s newsletter, we are covering the approved Finance Bill 2025 by highlighting key proposals that are targeting businesses, employees and employers.
- As more Kenyans seek safer and smarter ways to grow their savings, Money Market Funds (MMFs) are gaining popularity as a low-risk, accessible investment option. As always, prospective investors should carefully assess their investment objectives and consult financial advisors if necessary before…
- Every Monday, Money254 will be publishing the prices of 10 basic products, including maize flour, rice, cooking oil, and eggs, and comparing prices across four major outlets to help you make a decision which deals to snatch. Here we compare the cheapest prices this week.
- Parents lamented that they were unable to buy stationery and meet school fees as schools reopened on Monday, April 28 — an inconvenient date for many salaried individuals.
- In this Newsletter, we cover the back-to-school headache for parents, coffee farmers smiling all the way to the bank, Kenya’s upcoming Ksh97 billion loan, and 97 Kenyans scammed Ksh15,000 each.
- In the end, one Kenyan friend earned Ksh32 million while the other only reaped Ksh2 million despite kicking off their investments with Ksh5,000. Here is the power of compound interest that billionaire Warren Buffett (Ksh20 trillion net worth) swears by.
- Chau identified electricity supply as a major obstacle to investment, noting that Kenya's 4-gigawatt capacity is insufficient for a population of 50 million.
- Driving a car with foreign plates in Kenya is permitted, but it’s not as simple as crossing the border. You must comply with Kenya’s customs and traffic laws
- At a time when returns on passive income investment vehicles have been falling, the Mansa X special CIS fund has been piquing investor interest due to its relatively high interest rates.
- President William Ruto called for leadership changes at the IMF and the World Bank, noting that some of their practices were archaic and the world order has since changed.
- Motorists, including boda bodas and vehicles, risk paying a fine as high as Ksh20,000 should they not present their vehicles for emissions testing regularly.
- A previous study by the Kenya Medical Association found that patients in urban hospitals wait an average of 3 to 6 hours for outpatient services, with consultation times often lasting less than 10 minutes. Antara is helping more Kenyans stay healthier without paying more by building relationships…
- Treasury Cabinet Secretary John Mbadi and his Principal Secretary, Chris Kiptoo, embarked on fresh talks with the Bretton Woods Institutions among them IMF and World Bank.
- According to the government, over 45,000 Kenyans have become homeowners through the affordable housing programme, 367,000 have registered for Boma Yangu services, and 531,043 savers have contributed over Ksh 2.255 billion. Here is a list of all projects and units available.
- A source noted that the Iranian Government jailed 66 individuals in connection with the scandal and demanded action against their Kenyan counterparts.
- As an adult decades later - with a decent job, family, and all - I’ve realised just how resourceful the women were. None had any formal employment, and most had husbands unemployed as well. It's hardly hyperbole. Women, indeed, run the world. A Ksh100 note is worth twice to a woman, as it is to a…
- President William Ruto (left) speaks to Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), at a summit in Paris in June 2023.
- Today, we unpack a shift in Kenya’s banking sector after a decade-long freeze, a budget rescue mission with help from the World Bank and AfDB, and looming auction threats for affordable housing defaulters. Plus: What RBA is saying about early pension access, and why Parliament paused VAT reforms…
- Kenyan users of the CBEX crypto platform lost millions after their wallets were wiped out. The platform blames fraudsters and demands verification fees of up to Ksh25,930 before compensation. In other news we cover the Mitumba puzzle, and what Super Metro CEO Nelson Nduki confided to Money254.
- He expressed that the current tax measures, usually adopted every year through the Finance Bill, have made many businesses fearful, with some companies even warning of job losses.
- Speaking exclusively to Money254.co.ke, Super Metro's CEO Nelson Nduki confirmed that the company would comply with the ruling even as the drivers take a retest.
- Government Spokesperson Isaac Mwaura, in an address to the press on Monday, noted that Macadamia farmers were among the biggest winners, with prices rising from Ksh24 to Ksh100 per kilogram — a more than fourfold increase.
- Some motorists in parts of the country will still pay up to Ksh188 for a litre of Super Petrol, a significant variation from the Nairobi area standard price of Ksh174.63.
- The Energy and Petroleum Regulatory Authority (EPRA) on Monday announced a decrease in fuel prices across Petrol, diesel, and Kerosene. Petrol will now retail at Ksh174.63, Diesel at Ksh164.8,6 and Kerosene at Ksh148.99 in Nairobi.
- Government Spokesperson Isaac Mwaura on Monday reiterated that Finance Bill 2025/26 was yet to be tabled, refuting reports that a version of the proposal was already in the public domain, insinuating an increase in 8 different tax and levy categories.
- KRA will roll out a new valuation system for second-hand car imports by July 2025 to reflect current market prices after a court ruled the 2019 version unconstitutional. Depending on the revised values, car prices will change. Top Kenyan banks earned Ksh61B more in 2024 due to wider lending margins.
- Boma Yangu is a portal created to support Kenya’s Affordable Housing Programme (AHP). It serves as a central hub where you can register, save money towards a home, and apply for housing units under government-backed projects. The Kenyan government launched the AHP in 2017 as part of the Big Four…
- When you receive your paycheck, you’ll quickly discover that the salary you agreed to isn’t what you are bringing home. Your payslip typically contains three main parts; how much you are being paid, the taxes you are paying, and any other deductions that are being made. Understanding these…
- Umba has secured USD 5 million (Ksh650 million) funding to expand its operations in Kenya. The digital bank, which has operations in Kenya and Nigeria, specializes in lending to Small and Medium-sized Enterprises (SME) while also offering flexible financial products, such as vehicle financing and…
- National Treasury Principal Secretary Dr. Chris Kiptoo on Thursday, April 10, launched the Electronic Rental Tax Information System (eRITS), a groundbreaking initiative aimed at revolutionizing rental income tax collection and increase the tax by by more than five times.
- The ongoing trade war between China and the United States intensified after President Donald Trump raised tariffs on Chinese imports from 104% to 125%, even as he paused new duties on Kenya and other countries for 90 days.
