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HomeDaily NewsTuesday, September 22, 2026KCB Faces Multiple Regulatory and Customs Issues - September 2026
Business & Economy4 stories from 2 sources

KCB Faces Multiple Regulatory and Customs Issues - September 2026

KCB Bank faces potential auction of its goods after overstaying in Customs warehouses, with the Kenya Revenue Authority issuing notices for these consignments to be claimed within 30 days. At the same time, Tanzania's Fair Competition Commission revealed KCB Group's plan to acquire a 22.23 percent stake in the digital payments firm Pesapal Limited. Meanwhile, the Kenya Revenue Authority successfully unlocked compliance for taxpayers participating in its amnesty program following the first round of payments, with the KRA also issuing notices for overstaying goods. These developments come as the government separately initiated an inquiry into the NHIF Sacco Society Limited following numerous disputes over member refunds.

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Tuesday 8:12 AMCapital Business

Kenya Power, KCB, UN goods face auction after overstaying

Kenya Power, KCB, UN goods face auction after overstaying

Numerous organizations, including Kenya Power and KCB Bank, face the potential auction of their goods due to overstaying in Customs warehouses. The Kenya Revenue Authority (KRA) has issued notices for these consignments, which must be claimed within 30 days.

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Key Highlights

Numerous organizations, including Kenya Power and KCB Bank, face the potential auction of their goods due to overstaying in Customs warehouses. The Kenya Revenue Authority (KRA) has issued notices for these consignments, which must be claimed within 30 days.

  • Goods belonging to Kenya Power, KCB Bank, the United Nations, and other entities are slated for public auction.
  • The Kenya Revenue Authority (KRA) has set auctions for October and November 2026.
  • Consignments include electrical equipment, medical supplies, solar products, and foodstuffs, some of which have been in custody since November 2025.
Tuesday 8:39 AMCapital Business

Tanzania’s competition regulator reveals KCB’s 22.23pc planned acquisition in Pesapal

Tanzania’s competition regulator reveals KCB’s 22.23pc planned acquisition in Pesapal

KCB Group is planning to acquire a 22.23 percent stake in the digital payments firm Pesapal Limited, as revealed by Tanzania’s Fair Competition Commission (FCC).

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Key Highlights

KCB Group is planning to acquire a 22.23 percent stake in the digital payments firm Pesapal Limited, as revealed by Tanzania’s Fair Competition Commission (FCC).

  • The planned acquisition involves 22.23pc of Pesapal Limited.
  • Key organizations involved are KCB Group and Pesapal Limited, with the disclosure made by Tanzania's Fair Competition Commission (FCC).
  • Pesapal is licensed by the Central Bank of Kenya and operates across Kenya, Uganda, Tanzania, Rwanda, and Zambia.
Tuesday 12:40 PMCapital Business

Gov’t orders inquiry into NHIF Sacco amid members’ refund disputes

Gov’t orders inquiry into NHIF Sacco amid members’ refund disputes

The State Department for Co-operatives has initiated an inquiry into the National Hospital Insurance Fund (NHIF) Sacco Society Limited following numerous disputes over member refunds.

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Key Highlights

The State Department for Co-operatives has initiated an inquiry into the National Hospital Insurance Fund (NHIF) Sacco Society Limited following numerous disputes over member refunds.

  • The inquiry will scrutinize the Sacco's financial condition, governance, and operations, as well as the conduct of its management.
  • Key individuals involved include Silas Okoth Dede and Grace Mwihaki Gichuhi, who will conduct the examination.
  • Recent rulings by the Co-operative Tribunal have ordered the NHIF Sacco to refund former members amounts totaling over Sh1.8 million, including Sh629,500 to Ruth Waithira Githei and Florence Wanja Kariru.
Monday 8:00 PMNation BusinessFirst

First payment unlocks compliance in KRA amnesty deal

First payment unlocks compliance in KRA amnesty deal

The Kenya Revenue Authority (KRA) has successfully unlocked compliance for taxpayers participating in its amnesty program following the first round of payments.

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Key Highlights

The Kenya Revenue Authority (KRA) has successfully unlocked compliance for taxpayers participating in its amnesty program following the first round of payments.

  • The first payment installment has been made, crucial for taxpayers to secure compliance under the amnesty.
  • The KRA is the key organization overseeing this initiative.
  • This development signals a positive step towards increased tax compliance, as taxpayers begin fulfilling their obligations under the program.
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