National Treasury Cabinet Secretary John Mbadi has announced that proposals for changes to Pay As You Earn (PAYE) deductions will be finalized by the end of September.

• The process will involve collecting views from Kenyans and stakeholders over the next month.
• Key stakeholders include the Kenya Bankers Association, who have submitted alternative recommendations.
• The proposals, once consolidated into a Tax Amendment Bill, will be presented to Parliament for approval.

Former Principal Secretary Esther Koimett is now the largest individual shareholder in a Kenyan commercial bank, holding a 17.48 per cent stake after inheriting wealth from her late father, Nicholas Biwott.

• Koimett holds 17.48 per cent of the bank's shares, surpassing corporate shareholders.
• The stake was inherited from her father, businessman and former Cabinet minister Nicholas Biwott.
• This significant individual ownership places Koimett among prominent Kenyan women investors in the financial sector.

Kenya Power is shifting its focus towards geothermal, hydro, and imports to stabilize the national grid, citing concerns over the growing share of variable renewable energy sources like solar and wind.

• Kenya's grid currently relies on solar and wind power for 34% during peak demand and 36% during low demand, leading to instability.
• This strategic shift is being championed by Kenya Power CEO and Director Eng Joseph Siror.
• The company aims to increase baseload sources to ensure a stable and affordable power supply, contrasting with the global standard recommending variable renewables comprise no more than 15% of a grid's firm capacity.