The Controller of Budget has warned Nairobi County over high spending on salaries and allowances after 69 percent of its first quarter revenue in the 2025 2026 financial year went to employee compensation. The report calls for stricter staffing controls, improved payroll systems and better adherence to approved staff levels to enhance financial efficiency.
KRA Releases Countries List for Automatic Exchange of Financial Account Information
The Kenya Revenue Authority has published a list of countries whose tax authorities will automatically share financial account information with Kenya starting from the 2025 tax period. Issued under the Common Reporting Standards Regulations, 2023, the move is aimed at improving transparency, tracking offshore income, and strengthening tax compliance for individuals and businesses with foreign financial accounts.
Safaricom Learns the Challenger Game in Ethiopia as Startup Losses Narrow
In Safaricom’s latest financial results, Safaricom Ethiopia’s start up losses reduced to KSh13.3 billion from KSh28.2 billion in a similar period last year
Massive Job Cuts on the Horizon? New Company Filings Spark Concern
Recent company filings have raised alarm bells about potential large-scale layoffs across multiple industries, signaling a possible wave of job cuts that could affect thousands of workers. Financial disclosures and internal reports indicate that several firms are reassessing workforce needs amid rising operational costs, slowing growth, and shifts in market demand.
Digital Lending Boom: What It Means for South Africa’s Consumers and Businesses
South Africa’s financial landscape is undergoing a quiet but transformative shift as digital lending platforms reshape how citizens access credit. Mobile apps, online lenders, and fintech startups are increasingly offering instant loans, bypassing traditional banks and creating new pathways to funding for millions of South Africans.
Japan Finance Minister Flags Yen’s Rapid Decline as Detached from Economic Fundamentals
Japan’s Finance Minister has expressed concern over the yen’s recent rapid depreciation, stating that the currency’s slide is “clearly not driven by fundamentals.” The comments come amid growing volatility in currency markets, where the yen has weakened sharply against the dollar and other major currencies in recent weeks.
How to File KRA Returns Online in 2026 – No Agent Needed
Learn how to file your KRA returns without a tax agent. Simple steps for employed, self-employed, and nil returns. Avoid penalties and file in minutes.
How Compound Interest Can Make You Rich Over Time
Discover how compound interest can grow your wealth exponentially over time. Learn practical strategies, tips, and mistakes to avoid for financial freedom.
M-PESA Partners with Visa to Launch GlobalPay Virtual Visa Card
In a major step toward financial inclusion and global connectivity, M-PESA, Africa’s leading mobile money platform, has partnered with Visa to launch the M-PESA GlobalPay Virtual Visa Card — a service designed to enable millions of M-PESA users to make seamless and secure international payments. The launch marks a milestone […]
Falling Incomes, Limited Jobs Leave Most Families Surviving on KSh 20,000 or Less
Falling Incomes, Limited Jobs Leave Most Families Surviving on KSh 20,000 or Less A new national survey has laid bare the economic strain facing millions of households, showing how falling incomes, limited job opportunities and rising costs, made worse by the Finance Bill, are reshaping everyday life. The TIFA study, […]
