Creditors Urge Court to Speed Up United Insurance Compensation - May 2026

Creditors of the now-defunct United Insurance Company are urging the High Court to expedite the conclusion of their compensation claims. In separate financial developments, Cabinet Secretary Abdala Mbadi retained the 7.5% rental tax in Finance Bill 2026, dropping a proposed increase to 10%. Additionally, Mbadi stated the government is reviewing a PAYE cut plan amid concerns over a KSh 35 billion annual tax shortfall, while investment in the digital economy has been identified as crucial for driving cross-border trade in Kenya.