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KRA Delays M-Pesa Paybill Conversion to ETRs, Shifts Focus to Small Businesses and Rental Income Tax

 The Kenyan government has pulled back on its plans to convert M-Pesa paybills into electronic tax registers (ETRs) and is instead focusing on other revenue generating initiatives. Initially the government had set December 25 2024 as the deadline for all digital payment points to be converted into virtual ETRs. This was to close the gaps
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How I started Sh. 80 million real estate company in Kenya with Sh. 40,000 only!

 Real estate company in Kenya: This feature is originally written and published by PAULINE ONGAJI in the Business Daily. Cash is always in short supply for many university students and saving is the last thing on their minds. However, Moses Muriithi went against the grain and started saving to raise capital for a real estate
How I started Sh. 80 million real estate company in Kenya with Sh. 40,000 only! first appeared on Bizna Kenya Read More

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China Square Opens Sixth Outlet at Two Rivers Mall, Expands Further in Kenya

 China Square, a fast growing personal and household merchandise retailer has opened its 6th store in Kenya with a new 75,000 sqft store at Two Rivers Mall in Nairobi. The retailer known for its affordable prices plans to expand further across the country. Expansion in Kenya Since opening its first store at Unicity Mall near
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Kenya Drafts Crypto Policy to Regulate Virtual Assets Amid Rising Adoption

 Kenya has released a Draft National Policy on Virtual Assets (VAs) and Virtual Asset Service Providers (VASPs to address tax evasion, fraud and cybercrime risks associated with cryptocurrencies. This is a big shift from restricting crypto to promoting its safe use in the economy. Key Points in the Draft Policy The policy by the National
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Kenyan private sector expands in December, but inflation concerns rise

 The Stanbic Bank Kenya PMI for December 2024 edged lower to 50.6 from 50.9 in November, but remained above the 50-point mark for the third consecutive month, indicating sustained expansion in the private sector. The Stanbic Bank Kenya PMI for December 2024 indicates a mixed picture for the Kenyan private sector. While there are positive
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David Kippen appointed as Rendeavour board chair

 Rendeavour has announced the appointment of David Kippen as Chairman of the Board, joining Lord Ashcroft KCMG PC, who continues in his role as Deputy Chairman. In addition, Graeme Wheeler and Darrell M. Blocker have joined the Board as Independent Directors. As part of regular board rotation, Frank Mosier, Rendeavour’s Founding Chairman, retired as chair,
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Safaricom M-Pesa charges for 2025

 M-PESA is Safaricom’s mobile money service that allows Kenyans to send money to each other, pay bills and transact online. Safaricom M-PESA customers can send money, pay bills or access loans by using the Safaricom SIM toolkit manually or dialling the USSD code *334#, selecting the service they want and following the prompts. They can
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High Court Decision Allows Vehicle Insurers Free Rein in Premium Pricing

 In a precedent ruling, the High Court has given Kenyan insurance firms the green light to set vehicle underwriting premiums without interference from regulatory bodies. The ruling by the High Court was based on a case that was dismissed, filed by the Kenya Human Rights Commission in 2022, accusing insurance firms of raising premiums for
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