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The Kenya Revenue Authority (KRA) surpassed its revenue targets for December, marking the highest-ever monthly collection from customs and a strong start to the second half of the 2025/26 financial year. In corporate news, the Kenya Pipeline Company (KPC) announced it will reinvest half of its annual profits as part of a significant expansion and diversification strategy. KPC will also afford its employees the opportunity to acquire a stake in the company after its upcoming initial public offering. In the banking sector, NCBA has received a strategic investment proposal from Nedbank, which is seeking to acquire a significant stake in the Kenyan bank.
The Kenya Revenue Authority (KRA) has successfully surpassed its revenue targets for December, marking a strong start to the second half of the 2025/26 financial year. This achievement includes the KRA's highest-ever monthly collection from customs.
After its upcoming initial public offering (IPO), the Kenya Pipeline Company (KPC) will afford its employees the opportunity to acquire a stake in the company. This move aims to involve KPC staff in the company's ownership as it transitions.