The Kenya Revenue Authority (KRA) has appointed Mohamed Abdul M’maka, a former military intelligence chief, as the new Commissioner for Investigations and Enforcement. This appointment is aimed at bolstering the KRA's capacity to combat tax evasion and revenue leakages.

• Mohamed Abdul M’maka brings over 21 years of experience in intelligence, security, and investigations from the Kenya Defence Forces and previous roles within the KRA.
• The appointment, made by the KRA board on Wednesday, March 11, 2026, seeks to enhance enforcement and intelligence capabilities.
• Mr. M’maka will lead efforts to detect, investigate, and deter tax fraud and smuggling, taking over a role last substantively filled in February 2023.

Kenyan companies are witnessing a surge of interest from Tanzanian billionaires, marked by significant acquisitions in recent months. This trend highlights a growing investment flow from neighboring Tanzania into Kenya's key economic sectors.

• Tanzanian billionaires, including Edha Nahdi and Rostam Azizi, have acquired controlling stakes in prominent Kenyan companies.
• Notable acquisitions include Bamburi Cement by Amsons Group and Nation Media Group by Taarifa Ltd (controlled by Azizi).
• Amsons Group has also increased its stake in East African Portland Cement Company to 69 percent.

Kenya's Real Estate Investment Trusts (REITs) market capitalization has surged dramatically, nearly tripling to Sh24.6 billion in the past five years, signaling robust investor interest in accessible real estate investment opportunities.

• The market capitalization has grown from Sh9.8 billion in 2021 to its current Sh24.6 billion.
• Key organizations involved include the REIT Association of Kenya and listed entities like the Acorn D-REIT, Acorn I-REIT, Fahari, and Imara REITs.
• A new multi-billion shilling REIT, the Two Rivers International Finance and Innovation Center (TRIFIC) Income REIT, is expected to list this year, further boosting the industry.

A Kenyan reform lobby group, Kuna Dawa, is proposing a constitutional amendment to replace the National Treasury with a new National Economic Council (NEC) to streamline national development and public finances.

• The NEC, chaired by the President, would oversee economic policy and development planning.
• The proposal includes restructuring the National Development Budget, allocating 20% to national projects and 80% to regional development through County Economic Blocks.
• Kuna Dawa plans to collect at least one million signatures to initiate the popular initiative process.