If you had KSh 1 billion and spent only KSh 4 million a year, you could theoretically take 250 years to spend it — and investment returns could make the fortune even more powerful What would you do if you suddenly woke up one morning and discovered that you had KSh 1 billion in your […]
The Kenya Revenue Authority (KRA) has issued a national public advisory urging citizens and business owners to remain vigilant against fraudsters impersonating tax officials to extort money and gain unauthorized access to private financial data. The alert follows a rising trend of impersonation scams, where fraudsters use official-sounding jargon and fake documentation to pressure individuals […]
Safaricom has issued an urgent public advisory warning Kenyans to beware of fraudulent online platforms and links impersonating its official Ziidi Trader investment service. The telecommunications company raised the alarm on Friday, July 17, following a surge in unauthorized websites and social media pages mimicking its branding to deceive users. Scammers are increasingly using these […]
The Raphael Tuju saga has in recent months captured national attention, raising questions about how one of Kenya’s most prominent political figures found himself at the center of a high-stakes financial and legal storm. Once a powerful insider in government, Raphael Tuju is now battling to hold onto his wealth, reputation, and legacy amid mounting […]
Kenya’s financial markets delivered a mixed performance in the week ended February 19, with a sharp surge in bond trading standing in contrast to softer activity at the equities market, according to the latest weekly bulletin issued by the Central Bank of Kenya (CBK). Turnover in the domestic secondary bond market rose by 57.21 per […]
Kenya is a country of extraordinary potential, yet millions of its citizens struggle with low incomes, high living costs, and limited opportunities. Former President Uhuru Kenyatta once estimated that the country loses roughly Ksh 2 billion every single day to inefficiencies, mismanagement, and corruption—amounting to nearly Ksh 700 billion per year. Imagine what could happen […]
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 […]
