— Diageo, the world’s largest spirits producer, has agreed to sell its 65% stake in East African Breweries Limited (EABL) to Japan’s Asahi Holdings for $2.3 billion, marking its exit from direct ownership of African beer assets. The transaction values EABL, a Nairobi Securities Exchange blue-chip stock and one of East Africa’s most valuable companies […]
As more Kenyans seek alternatives to traditional banking in a bid to grow their wealth, SACCOs and Money Market Funds (MMFs) have emerged as two of the most accessible and trusted options. But how do they differ—and which one is better suited for your financial goals in 2025 and beyond? To gain deeper insight, Newsly.co.ke […]
In Kenya’s fast-paced digital economy, M-Pesa addiction is emerging as a silent threat to household stability. What started as a financial lifeline has, for many families, turned into a cycle of debt, secrecy, and emotional strain. As mobile loan apps continue to promise “quick fixes,” thousands of Kenyans are falling into an unseen trap—borrowing to […]
Last-Minute Relief for Kenyan Taxpayers The Kenya Revenue Authority (KRA) has officially extended the deadline for filing individual tax returns by 24 hours, moving it from June 30 to midnight on July 1, 2025. The decision comes after widespread complaints about iTax portal errors and system delays due to last-minute filing traffic. With the clock […]
Kenya is at the cusp of a major financial shift. The fast payment system in Kenya, championed by the Central Bank of Kenya (CBK), aims to rival Safaricom’s M‑Pesa by enabling instant, interoperable payments across banks and mobile money platforms. This new real-time system seeks to enhance financial inclusion and foster innovation across the country’s […]
Which counties in Kenya pay the most in taxes? The answer reveals significant economic activity concentrated in a few key counties. According to the Controller of Budget, Kenyan counties generated a record KSh 58.9 billion in own-source revenue during FY 2023/24 — funding essential local services Top 10 Tax-Contributing Counties (FY 2023/24) Rank County OSR Collected (KSh) % […]
KRA targets VAT as top revenue source with a bold digital overhaul aimed at transforming Kenya’s tax landscape. The Kenya Revenue Authority (KRA) is spearheading a tech-driven strategy to make VAT its most dependable and largest collection category—ushering in real-time oversight, fraud prevention, and a broader tax base. What’s Driving the Push At a recent […]
In a bold move to digitize and reform public procurement, the Government of Kenya has allocated Ksh700 million in the 2025/2026 national budget for the implementation of the Electronic Government Procurement (eGP) system. Treasury Cabinet Secretary John Mbadi, while presenting the Ksh4.29 trillion budget in Parliament, confirmed that the funds would support the nationwide rollout […]
