If you are looking for a low-risk investment in Kenya that allows you to grow your savings while keeping your money accessible, the ICEA LION Money Market Fund is worth understanding. This guide explains how it works, who it is for, its benefits, requirements, and key considerations for investors. What Is the ICEA LION Money […]
Parliament has opened a sweeping inquiry into what members of the Public Investments Committee on Social Services, Administration, and Agriculture describe as one of the most alarming public land scandals to come before the House. The committee is investigating the alleged illegal subdivision and disposal of land belonging to the Kenya Veterinary Vaccines Production Institute, […]
Kenya’s Budget and Appropriations Committee has received a detailed assessment from the Auditor General highlighting deepening challenges in the implementation of the 2024/25 national and county budgets. The Committee met Auditor General FCPA Nancy Gathungu to evaluate audit findings covering the ongoing fiscal year and the first quarter of 2025/26, amid growing concerns about stalled […]
Kenya’s housing landscape continues to reflect deep regional inequalities, with new data showing more than half of households in several counties still rely on mud or cow dung as their main walling material. The figures, drawn from national household statistics, underline persistent poverty gaps, slow rural infrastructure growth and uneven access to durable construction materials. […]
Stanbic Bank Kenya Limited recorded a profit after tax of KES 9.38 billion for the nine months to September 30, 2025, marking a 7.5 percent drop in bottom line performance. The bank attributed the contraction to a 25 percent fall in gross interest income driven by lower interest rates and a 49 percent decline in […]
Kenya Revenue Authority (KRA) marked this year’s Taxpayers’ Day at State House Nairobi with a strong endorsement from President William Ruto, who praised the Authority’s deployment of artificial intelligence tools that are already reshaping revenue administration and boosting collections. The President said AI-powered risk engines introduced by KRA have pushed Customs to its highest monthly […]
The Port of Mombasa is set to handle 42 vessels over the next 14 days, with 23 container ships, 15 conventional cargo vessels, 3 oil tankers, and 1 car carrier scheduled to dock. Meanwhile, the Port of Lamu is expected to receive 9 container vessels. Notable arrivals at Mombasa include: Other significant cargo includes bulk […]
The National Assembly Committee on Education has pressed the Kenya Association of Private Universities (KAPU) to provide verified data on government-sponsored students and explain the rising pending bills that have pushed several institutions into financial strain. Appearing before the Committee chaired by Hon. Julius Melly, KAPU led by Very Rev. Prof. Stephen Mbugua said the […]
The Public Accounts Committee has raised serious concerns over billions advanced to Kenya Airways, the purchase of Telkom Kenya shares, and avoidable legal costs tied to delayed payments, during scrutiny of the National Treasury’s audit for FY 2023/2024. Vice Chairperson Amina Udgoon Siyad said the audit revealed “very serious questions of accountability,” including KSh10 billion […]
Senator Andrew Okiya Omtatah (Busia) has raised three pressing concerns in the Senate, calling for swift investigations and corrective action on deteriorating infrastructure, stalled academic accreditation, and weak enforcement of trade measurement standards. In a Statement to the Standing Committee on Agriculture, Livestock and Fisheries, the Senator said the dire state of roads in Kenya’s […]
