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HomeDaily NewsWednesday, November 5, 2025Kenyan Authorities Mandate Registration and Seek Compliance from Businesses - November 2025
Business & Economy3 stories from 1 sources

Kenyan Authorities Mandate Registration and Seek Compliance from Businesses - November 2025

Nandi Hills MP Bernard Kitur has demanded that global payment firms Mastercard and Visa provide details on their tax remittances and data protection compliance in Kenya. In another regulatory action, the Kenya Sugar Board (KSB) has mandated that all sugar re-packaging firms must register by November 17, 2025. This directive aims to enhance product traceability and enforce quality standards within the sugar industry. Meanwhile, in the fintech sector, the Chumz app, which helps foster a savings culture, operates with a license it received from the Capital Markets Authority in 2022.

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Wednesday 12:10 PMCapital Business

MP seeks answers on Mastercard, Visa tax, data compliance

MP seeks answers on Mastercard, Visa tax, data compliance

Nandi Hills MP Bernard Kitur has demanded that global payment giants Mastercard and Visa provide details on their tax remittances and data protection compliance in Kenya.

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Key Highlights

Nandi Hills MP Bernard Kitur has demanded that global payment giants Mastercard and Visa provide details on their tax remittances and data protection compliance in Kenya.

  • Kitur is requesting data for the past three financial years, including the total value of transactions processed.
  • The MP highlighted that Mastercard and Visa handle billions in transactions between banks, merchants, and consumers.
  • Kitur seeks clarification on the firms' tax compliance status and the mechanisms used by the Kenya Revenue Authority (KRA) to assess and collect taxes from these platforms.
Tuesday 9:49 PMCapital BusinessFirst

Kenya Sugar Board orders registration of all sugar re-packagers

Kenya Sugar Board orders registration of all sugar re-packagers

The Kenya Sugar Board (KSB) has mandated all sugar re-packaging firms to register by November 17, 2025, to enhance product traceability and enforce quality standards within the industry.

Read Story

Key Highlights

The Kenya Sugar Board (KSB) has mandated all sugar re-packaging firms to register by November 17, 2025, to enhance product traceability and enforce quality standards within the industry.

  • Registration is required under Section 61 of the Sugar Act, 2024, and the Sugar (General) Regulations, 2025.
  • All applications must be submitted online via the Kenya Sugar Board’s Integrated Management Information System (IMIS) portal at https://imis.ksb.go.ke/.
  • This directive aims to strengthen market oversight and protect consumers from substandard sugar.
Wednesday 8:37 AMCapital Business

How mobile-based tools are helping to build a saving culture in Kenya

How mobile-based tools are helping to build a saving culture in Kenya

As Kenyans face a high cost of living, mobile-based tools are emerging as a crucial solution to foster a savings culture, particularly for special occasions and recurring expenses like school fees. The Chumz app, licensed by the Capital Markets Authority in 2022, offers a way to automate and manage savings effectively.

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Key Highlights

As Kenyans face a high cost of living, mobile-based tools are emerging as a crucial solution to foster a savings culture, particularly for special occasions and recurring expenses like school fees. The Chumz app, licensed by the Capital Markets Authority in 2022, offers a way to automate and manage savings effectively.

  • Users can start saving with as little as five shillings, setting specific goals like "Christmas 2025" or "Term 1 Fees – 2026."
  • Samuel Njuguna, the founder of Chumz app, highlights its use of behavioral psychology, gamification, and customizable tools to track savings.
  • The app allows automation through linking with M-Pesa, offering options like daily/weekly savings, saving a percentage of incoming funds, and rounding up transactions.
  • The app also features a group saving option, enabling families or chamas to contribute towards a common fund, and partners with regulated financial institutions to earn interest on savings.
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