Less Than 1% of Kenyan Bank Accounts Hold Over KSh 500,000, CBK Data Reveals
Fewer than one percent of all bank accounts in Kenya hold balances exceeding KSh 500,000, exposing…
Category: Finance & Economy
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TikTok Demands Tax Information from Kenyan Creators in New KRA Compliance Move
Short-form video giant TikTok has officially directed Kenyan content creators to submit their tax and residency…
Global Alcohol Market Loses KSh 107 Trillion as Gen Z Rejects Drinking
The global beverage industry is facing a massive financial blow as Generation Z systematically moves away…
Kenya’s Illicit Alcohol Market Hits Sh203B, Claiming 14,000 Lives Annually
Kenya’s underground alcohol trade has ballooned into a Sh203 billion shadow industry, now controlling a staggering…
Kenya Tops Global AI Usage at 97%, But Cognitive Risks Emerge
Global Update Report—compiled by DataReportal alongside We Are Social—Kenya outperforms every other surveyed market, ahead of…
Employers Face 5% Penalty in Proposed Student Loan Payroll Deduction Bill
Draft legislation seeking to overhaul student loan recovery in Kenya proposes placing direct legal and financial…
Mudavadi-Linked Firm to Buy Back Absa Insurers for Sh3.8B
An investment company associated with Prime Cabinet Secretary Wycliffe Musalia Mudavadi has signed a definitive agreement…
Auditor General Exposes Sh55B NG-CDF Bursary Accountability Gap
Kenya’s constituency-based education safety net is operating without basic financial tracking, leaving billions of shillings unaccounted…