Latest from The Standard Business

7h ago

Vulnerable groups, village elders get Sh42b

The National Treasury has unveiled a plan to allocate Sh42 billion towards supporting vulnerable groups, with a focus on women and youth.

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7h ago

KCB disburses Sh49b green loans, screens Sh588b for regional financing

KCB Group has announced significant milestones in its green financing and sustainability initiatives, disbursing Sh48.8 billion in green loans and screening Sh587.9 billion in regional financing, exceeding its strategic targets.

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7h ago

Mbadi admits Kenyans sought to lessen burden but offers little hope

National Treasury Cabinet Secretary John Mbadi presented a dual-faceted Budget statement on Thursday, acknowledging public desire to ease economic burdens while offering limited optimism amidst significant domestic and global challenges.

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7h ago

Out of touch: 'Hustlers' say Mbadi's Sh4.8tn plan won't uplift their lives

Ordinary Kenyans, referred to as 'hustlers', have criticized National Assembly Finance Committee Chairperson Benjamin Cheboi Mbadi's Sh4.8 trillion budget plan, deeming it out of touch with their daily struggles.

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12h ago

Win of village elders as state allocates Sh3.9 billion stipend

Treasury Cabinet Secretary John Mbadi has proposed a significant allocation of Sh3.9 billion as a stipend for village elders, recognizing their crucial role in local administration and security.

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11h ago

Why Mbadi wants you to file nil tax returns five months earlier under new rules

Starting January 31 next year, Kenyans declaring zero income will have to file their tax returns five months earlier, under new rules proposed by Treasury Cabinet Secretary John Mbadi.

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15h ago

Family Bank gets regulatory nod to list on NSE

Family Bank has received official approval from the Capital Markets Authority (CMA) to be listed on the Nairobi Securities Exchange (NSE) by way of introduction on June 23, 2026.

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14h ago

Government warns over briefcase Saccos out to defraud Kenyans ahead of polls

The Kenyan government has issued a stern warning against the proliferation of fraudulent Saccos (Savings and Credit Cooperative Societies) being established to defraud citizens, especially ahead of the 2027 General Election.

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22h ago

How weak revenues are testing Ruto's bid to shift from debt to PPPs

President William Ruto's initiative to shift Kenya away from debt-financed projects towards Public-Private Partnerships (PPPs) is encountering significant obstacles due to insufficient government revenue.

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1d ago

People Vs State: Mbadi's Sh4.8tr budget raises tax fears

Treasury Cabinet Secretary John Mbadi is set to present the Sh4.8 trillion budget statement amidst significant economic challenges and public apprehension regarding potential tax increases.

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1d ago

Wealth creation, spending discipline: What I want to hear in Mbadi's budget

Treasury Cabinet Secretary John Mbadi is set to present the 2026 Budget Statement, with expectations focused on wealth creation and spending discipline.

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1d ago

Why you lost that underground tank after huge investments.

Many Kenyan homeowners who invested in underground water tanks may have experienced loss due to a growing environmental concern. The article highlights an issue affecting residents in locations like Nakuru County, where underground tanks are becoming increasingly vulnerable.

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1d ago

House team warns tonnes of raw sugar import may be harmful

A parliamentary committee has raised concerns about the safety of thousands of tonnes of imported raw sugar due to a lack of crucial manufacturing and traceability information.

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1d ago

Weak revenues test Ruto's bid to shift from debt to PPPs

President William Ruto's strategy to move away from debt-financed projects faces significant hurdles due to ongoing revenue shortfalls and a growing budget deficit.

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1d ago

Deal at last! MPs, senators agree to allocate counties Sh428 billion

The National Assembly and Senate Mediation Committee has reached an agreement, concluding their protracted deliberations on the Division of Revenue Bill 2026.

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1d ago

New AI-driven platform to tackle shrinking budgets

Dentsu Kenya has launched a new AI-driven platform, Merkury, to help brands navigate shrinking marketing budgets and consumer spending power by enabling precise consumer targeting.

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1d ago

Mbadi's Sh4.8tr budget raises taxes fears amid economic stress

Treasury Cabinet Secretary John Mbadi is set to present a Sh4.8 trillion budget statement today, presenting fears of increased taxes for Kenyans already facing economic hardship.

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1d ago

Government urges youth, MSMEs to embrace manufacturing, value addition

Kenya's government is urging young people, Micro, Small and Medium Enterprises (MSMEs), and the private sector to increase their involvement in manufacturing and value addition to boost economic growth and exports.

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1d ago

Kenya woos Slovak investors at Nairobi forum

Kenya is actively encouraging investors from the Slovak Republic to establish businesses in the country, highlighting over 50 investment opportunities and favorable business conditions.

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1d ago

How Treasury's tax proposals are threatening to stall EV momentum

Proposed changes in the Finance Bill, 2026, threaten to reverse gains in Kenya's electric vehicle (EV) adoption by altering tax incentives.

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1d ago

Experts and lawyers warn Bill makes KRA judge and executioner

Experts, lawyers, and industry bodies are warning that the Finance Bill, 2026, grants the Kenya Revenue Authority (KRA) unprecedented powers, effectively making it judge, jury, and executioner in tax disputes.

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1d ago

How IMF pressure shaped Ruto's tax hikes

Kenya's Finance Bill 2026, unveiled last month, faces scrutiny as critics highlight the influence of the International Monetary Fund (IMF). The global lender has been urging Nairobi to address a significant fiscal deficit.

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2d ago

How digital data has birthed problematic loans

Digital lending in Kenya has given rise to predatory loan practices, trapping borrowers in a cycle of debt despite technological advancements meant to offer financial inclusion.

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2d ago

Lender earmarks Sh1b to support SMEs growth

Credit Bank has pledged Sh1 billion by 2026 to bolster the growth of Kenyan SMEs, recognizing their critical role in job creation and economic development.

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1d ago

Tax burden: How policy gaps leave informal sector untaxed

Economists are criticizing the Kenyan government for its perceived inaction in taxing the significant informal sector, which is a major contributor to the national economy.

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1d ago

Why scrap metal dealers are happy with 1.5pc withholding tax proposal

Scrap metal dealers in Kenya are reportedly pleased with the proposed 1.5 percent withholding tax on their sales, set to be implemented from July if the Finance Bill 2026 is passed.

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1d ago

How Siaya couple is reaping big from worm juice

A couple in Siaya County is finding unexpected success by transforming earthworms into valuable agricultural products. Owino Otieno and Mary Owino are now earning a livelihood from their innovative farming method.

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2d ago

Scrap metal dealers welcome 1.5pc withholding tax proposal

Scrap metal dealers in Kenya are set to face a new financial regulation if the Finance Bill 2026 is passed, requiring them to pay a withholding tax on their sales.

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2d ago

Kenya has talent to build big firms, why can't it own them?

Kenya possesses significant talent capable of building large corporations, but lacks structures for these professionals to achieve ownership. Special Purpose Acquisition Companies (SPACs) are proposed as a solution to bridge this gap.

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2d ago

Global forum targets skills gap between classrooms and workplaces

A new global initiative, the LIONS Educators Forum, has been launched to address the widening skills gap between university graduates and the demands of the modern workplace, particularly in an AI-driven economy.

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