Co-op Bank Posts Record Sh11.4bn Q1 Profit: Co-operative Bank of Kenya has announced a record-breaking pre-tax profit for the first quarter of the year, marking a significant financial achievement for the lender. Simultaneously, Kenyan banks are advocating for a reduction in Pay As You Earn (PAYE) tax, believing it will boost the economy, generate employment, and alleviate financial burdens on households. At the same time, minority shareholders at Scangroup are planning to oust the current board of directors at the upcoming June AGM, indicating internal corporate turbulence alongside the broader banking sector's advocacy for tax reforms. Long Distance Buses Begin Fare Hikes After EPRA Raises Fuel Prices: Long-distance bus companies in Kenya have begun implementing fare hikes following the Energy and Petroleum Regulatory Authority's announcement of significant fuel price increases. The Kenyan Shilling experienced marginal depreciation against the U.S. Dollar and Euro during the week ending May 15, influenced by global energy shocks and rising international crude oil prices. The Kenya National Chamber of Commerce and Industry is urgently calling for a review of fuel taxes and levies, especially on diesel, due to soaring prices that threaten business sustainability and increase the cost of living. Former Chief Justice David Maraga stated that Kenya could have avoided its current fuel crisis through better resource management and sustainable investments. Transport operators are demanding the immediate disbandment of EPRA and threatening a nationwide strike starting Monday. New outbreak of Ebola kills 80 in eastern DR Congo: Africa's top health agency has declared an Ebola outbreak in the Democratic Republic of Congo's eastern Ituri province, with 80 deaths reported among at least 246 cases. The outbreak involves the Bundibugyo strain of the virus. Kenya's Ministry of Health has heightened Ebola surveillance and preparedness measures following the confirmed outbreak in eastern DRC. The Ministry has assured the public that there are no confirmed cases of Ebola in Kenya while urging continued vigilance. Athletics Kenya Announces National Trials for World Under-20 Championships in Oregon: Athletics Kenya has announced the national trials for the upcoming World Under-20 Championships set to be held in Oregon. This comes as Kenya bolsters its athletics development programs to maintain global dominance in sports, ensuring a continuous pipeline of elite talent. Meanwhile, Athletics Kenya is implementing strict measures to combat age cheating during the upcoming U-20 trials, determined to ensure fair competition and uphold the integrity of the sport. Separately, Kenyan athlete Faith Kipyegon is set to make her 2026 season debut at the Shanghai Diamond League in China, further highlighting Kenya's strong presence in international athletics. IEBC Warns Politicians Over Electoral Violence, Flags Voter ID Gaps: The Independent Electoral and Boundaries Commission is warning politicians against electoral violence and misconduct, with a threat of disqualification from the upcoming general election to maintain peace and integrity. Following the 2022 presidential election victory of William Ruto, there is a renewed push among opposition parties to form a grand coalition in anticipation of the 2027 general elections. In related electoral developments, David Kipsang Keter was declared the member of parliament-elect for Emurua Dikirr Constituency following a by-election held on May 14th, while the Kakamega High Court dismissed a petition challenging the results of the Malava by-election, upholding the outcome of the electoral contest. Kamukunji MP Warns Cartels Against Grabbing Public School Land: Kamukunji MP Yusuf Hassan has issued a stern warning to land cartels targeting public school land within his constituency, vowing to protect these vital educational resources from illegal appropriation. In a separate development, the Kenyan government has issued a stern warning to institutions nationwide, cautioning them against violating the standards set forth in the Disability Act, with non-compliance leading to significant consequences. Meanwhile, Tessy Mudavadi, spouse of the Prime Cabinet Secretary, has urged for enhanced collaboration to safeguard vulnerable children in Kenya, highlighting ongoing concerns about protection of marginalized groups. Talanta Stadium Nears Completion as Government Consults CAF on Kasarani Skyboxes: Talanta Stadium is nearing its completion as the Kenyan government is reportedly consulting with the Confederation of African Football regarding renovations to the Kasarani Stadium skyboxes, signifying progress in the country's sports infrastructure ahead of potential international events. The government is in discussions with CAF regarding the construction of skyboxes at Kasarani Stadium in preparation for the upcoming Africa Cup of Nations. Meanwhile, the Raila Odinga Stadium in Kisumu is nearing completion, with 91% of the construction work now finished. However, the Bomas of Kenya project has been hit with another deadline extension, now set for September, raising serious doubts about the Kenyan government's credibility.