The Kenya Revenue Authority (KRA) has temporarily suspended KRA Nil Tax Return Filings until the end of March, in a strategic move aimed at converting nil filers and non-filers into active taxpayers. Deputy Commissioner Patience Njau confirmed the decision during a Friday press briefing, explaining that the suspension will give KRA time to validate taxpayer […]
The U.S. dollar sits at the center of the global financial system. It is the currency most international trade is priced in, the primary reserve asset held by central banks, and the backbone of global lending and capital markets. Even transactions between countries with no direct economic ties to the United States often rely on […]
In today’s fast-paced world, managing finances efficiently is crucial. For millions of Kenyans, M-Pesa, Safaricom’s mobile money platform, is a lifeline for daily transactions. One of its lesser-known but highly convenient features is M-Pesa Ratiba, which allows users to schedule payments automatically. What is M-Pesa Ratiba? M-Pesa Ratiba is a service provided by Safaricom that […]
— 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 […]
