PRIME Safaricom wins affordable housing internet deal The affordable housing units will be connected through Wi-Fi Bamba, a tokenised fibre broadband service
PRIME Airtel loses fight against Safaricom's 10 cents tariff Globally, the MTR is viewed as the lowest cost possible for a voice call, deeming any tariffs below the rate as undercutting rivals.
PRIME Heineken beats Sh56m fee claim by its lawyers In rejecting LJA Associates' attempt to overturn an earlier decision by the taxing master dismissing the firm's bill of costs, the court found no basis for interfering with the taxing master's...
PRIME Stanbic taps Safaricom’s top strategy executive as CEO Stanbic said Mr Mutiga’s experience in strategy execution, corporate finance, business growth, stakeholder engagement and transformation would support the bank’s next phase of growth.
PRIME Banks to protect disputed funds after payment errors The court added that KCB's internal process of escalating the complaint from its headquarters to the branch "resulted in a delay that allowed the recipient to withdraw the funds."
PRIME Microfinance banks post deposit growth after 3 years The latest deposits held by the 14 deposit-taking microfinance banks regulated by the CBK mark a reversal of a prolonged decline that saw customer savings fall from Sh48.65 billion in 2021 to...
PRIME Banks dealt blow in fight over bancassurance charges ban The court struck out the petition without determining the legality of the circular itself. It held that the row was fundamentally regulatory and should first be heard through the statutory...
PRIME Insurer MUA Kenya to get extra capital after Sh1.6bn hole MUA says in the latest review of operations in 2025 and the first quarter of 2026 that the under-capitalisation of the Kenyan arm has constrained growth and customer acquisition and it is working...
PRIME Billionaire Kirima’s firm locked in rental income tax row The tax dispute arose after KRA reviewed the company's income tax declarations and disallowed deductions claimed for repairs, maintenance and security costs.
PRIME Court freezes Multiple Hauliers insolvency row in Sh532m debt claim The company’s broader insolvency dispute pits major secured lenders owed in excess of Sh16 billion –though the Official Receiver’s November 2024 report indicated that the total debts were in...
PRIME SA bank ready to buy more Absa shares in open market The pricing schedule released by Epra shows a subsidy of Sh5.08 and Sh14.72 per litre of petrol and kerosene, respectively.
PRIME Coca-Cola sued over marriage certificate requirement for spouse medical cover The judge said key questions were still unresolved and would need witnesses and interpretation of the CBA, past practice, and the Marriage Act before a final decision could be made.
PRIME EAPC gives squatters 30 days to pay for plots or vacate Payments for the regularised land payments are to be made to HFCB Properties Limited, which has served as a consultant for the exercise.
PRIME Tribunal curbs KRA's power to reopen ‘expired’ tax records Tribunal stated that KRA could not demand records or issue assessments beyond the five-year limitation period unless it pleads and proves fraud or tax evasion.
PRIME Safaricom’s Ethiopia partners have right to buy back 2.8pc stake Safaricom has projected that the Ethiopia business will break even by March 2027, as losses for the unit fell 35 percent to Sh21.2 billion in the year ended March 2026 from Sh36 billion a year...
PRIME DTB, Safaricom to pay client Sh4.4m for fraud loss Court rules that both institutions failed in their separate duties to protect the client from the fraud.
PRIME Kakuzi fails to stop order to cede 3,200 acres land Dispute stems from a November 14, 2025 Gazette notice containing recommendations arising from historical land injustice claims lodged against the company.
PRIME KRA, SportPesa fight over seizure of Sh1bn in telcos The fresh tax row comes seven years after the pursuit of Pevans East Africa, which then operated the SportPesa brand, over unpaid taxes and an increase in levies forced the betting firm to close...
PRIME Seven insurance firms face IRA fines for reporting breaches The latest disclosures highlight persistent compliance gaps in the sector, where 33 insurers were fined Sh80.21 million in 2024 for breaches, including missed reporting deadlines for either...
PRIME BOC’s share price doubles after Carbacid withdraws buyout offer The company’s market capitalisation has now grown to Sh3.4 billion, driven by higher earnings and dividend payouts in a general bull market.
PRIME SK Macharia’s PSV insurer topples Ruto-linked firm The latest shifts in market leadership underline the fluid nature of the PSV insurance segment, where dominance can change quickly, depending on pricing, claims management and distribution networks.
PRIME KRA squeezes debtors as new taxpayer growth fades The authority is increasingly relying on third-party data, electronic invoices and transaction matching to ensure correct taxes are filed.
PRIME Fresh twist in Devani trial over Sh7.6bn Triton oil scandal Mr Devani was charged in 2024 after his forcible return to Kenya, having remained at large since 2008 when authorities accused the KPC of releasing petroleum products worth nearly Sh7.6 billion...
PRIME Kenya Re pumps Sh284m in Zambia subsidiary on new capital rules Kenya Re’s fresh capital, disclosed in the reinsurer’s latest annual report, signals a push to strengthen its position in the Zambian market where it operates a fully owned subsidiary.
PRIME KMC survival in doubt over mounting losses Amid the mounting debt and losses, KMC has been unable to service many of its equipment, reducing its production capacity.
