Category
Finance
Personal and national finance in Kenya: banking, credit, taxes and money decisions explained clearly.
Co-op Bank half-year profit jumps 28% to Sh18bn on subsidiaries boom
Co-operative Bank posted a record first-half net profit of Sh18 billion, up 28% from Sh14.1bn, as subsidiaries surged, NPLs fell to 13.9% and staff rose to 6,591 under Gideon Muriuki’s Good to Great strategy.
PAYE hits Sh598.8bn, beating Treasury target for first time in three years
Pay-As-You-Earn collections reached Sh598.807 billion in the year to June 2026, beating the Sh592.1bn target by Sh7.7bn after three years of misses; KRA CG Adan Mohammed called growth encouraging but below 8.5% prior averages.
CMA approves broker-dealer upgrade and new fund manager licences
Capital Markets Authority approved Kestrel Capital’s upgrade from stockbroker to broker-dealer, a Fund Manager licence for Hass Crest Capital (Sharia-compliant plans), plus investment adviser and corporate trustee licences to deepen market capacity.
KRA Customs posts record Sh92.53bn in July, 107% of target
Customs collected a record Sh92.53 billion in July 2026/27, beating the Sh86.16bn Treasury target by Sh6.37bn (107.39%) and up 15.3% from July 2025; non-oil revenue hit a first-time Sh61.50bn.
CBK holds policy rate at 8.75% as inflation edges to 6.5%
MPC on 11 August 2026 kept the Central Bank Rate at 8.75% for a third straight meeting, citing inflation at 6.5% in July and risks from Middle East conflict and global energy prices; global growth projected at 3.0% in 2026.
DPP charges NCBA, KCB and Co-op Bank CEOs over Sh363m fraud reporting failure
DPP Renson Ingonga approved POCAMLA charges against the CEOs of NCBA, KCB and Co-operative Bank over alleged failure to report suspicious transactions tied to a Sh363.4m First Assurance Investment fraud; plea set for 11 August 2026.
GCR keeps Kenya Re at B / AA+(KE) as capital hits Sh59.49bn
GCR Ratings (Moody’s affiliate) affirmed Kenya Re’s international and national-scale financial strength ratings at B and AA+(KE) with a stable outlook, citing capital of Sh59.49 billion and strong liquidity expectations.
Only six counties grade A on development spending; Kwale tops at 1.000
A fiscal report says only Kwale, Embu, Kericho, Mandera, Siaya and Uasin Gishu earned an A for exceeding the statutory 30% development budget share; Kwale scored a perfect 1.000 while Nairobi and Taita Taveta ranked among the worst.
M-Pesa Charges, Limits, Till vs Paybill Explained (Kenya 2026)
A practical explainer of M-Pesa transaction limits, fee principles, and when to use Lipa na M-Pesa Till versus Paybill — always confirm live tariffs in the official app.