safaricom revenue Stories
M-Pesa revenue surged 14 per cent to Sh88.1 billion, while fixed service and IoT income rose 9.5 per cent to Sh9.8 billion.
The funds are expected to ease cash flow challenges in county governments and revive projects affected by the prolonged budget impasse.
Counties with strong infrastructure perform better across these areas, creating a cycle of investment and innovation that further strengthens local ec...
In a statement, KRA Corporate said urgent efforts are underway in collaboration with X to retrieve and secure the official account.
Sifuna said the cuts were punitive measures aimed at forcing county governments to comply with decisions they had not agreed to.
The Tax Appeals Tribunal ruled in Zhao's favour, finding that the 60-day period within which KRA was required to issue its objection decision should h...
In Meru County, all three former governors, Peter Munya, Kiraitu Murungi, and Kawira Mwangaza, owe a combined Sh58.04 million to the county’s Executiv...
The CBK on October 7 reduced its Central Bank Rate to 9.25 per cent from 9.50 per cent, continuing a trend of monetary easing that began in August 202...
According to records from the Office of the Controller of Budget, counties missed their own-source revenue target of Sh87.67 billion by 23 per cent in...
Counties such as Mandera, Kilifi, and Kiambu also featured prominently, each receiving allocations exceeding Sh110 billion, reflecting significant inv...
Busia Governor Paul Otuoma said that relying solely on equitable revenue sharing and local collections is not enough for counties like his, which face...
The authority has set the public auction to run online from November 10 to 14, 2025, allowing buyers to bid for the items through KRA’s official porta...
In East Africa, Kenya led with 2.4 million visitors in 2024, ahead of Tanzania (2.1 million), Mauritius (1.38 million), Rwanda (1.36 million) and Ugan...
Many contractors are now embroiled in lawsuits, while others face financial ruin, mental health challenges, or even death due to unpaid debts.
Nyakang'o noted that while facility improvement funds helped offset some shortfalls, overreliance on health revenues leaves counties vulnerable to fis...
For shipments where a COO is not available, the Authority has outlined alternative documents that Customs may accept.
The disbursement follows the approval of the County Allocation of Revenue Bill, 2025, which outlines how Sh415 billion of national revenue will be dis...
The County Public Accounts Committee also instructed Governor Natembeya to take administrative action against county revenue officers implicated in th...
KRA said the consignment was intercepted following an intelligence report and had arrived on September 18, 2025, aboard a cargo plane.
Nyakang’o said the persistent neglect of these streams has left most counties vulnerable to salary delays and service disruptions whenever Treasury di...
The wage bill continues to strain devolved units. Counties spent Sh220.6 billion on salaries and allowances in the year, a rise from Sh209.8 billion t...
The figures point to an imbalance in county spending, with Sh346.98 billion, or 74 per cent of the overall Sh470.74 billion used for recurrent expendi...
The review for the financial year ending June 30, 2025, reveals that counties fell short of their own-source revenue (OSR) targets by 23 per cent, lea...
CoB Margaret Nyakang’o highlighted that heavy dependence on hospitals, which make up a large portion of revenue, coupled with arrears of Sh124.95 bill...
In her report, Controller of Budget Margaret Nyakang’o warned that such spending is excessive, unnecessary, and diverts resources from essential infra...
The report, which reviews macro-economic performance for the six months to June, warns that optimism about the country’s growth prospects is fading.
The Council of Governors (CoG) expressed support, particularly for the requirement that all legislation must pass both Houses before presidential asse...
KRA Commissioner General Humphrey Wattanga said the changes are part of “ongoing efforts to strengthen institutional capacity, enhance service deliver...
The move comes amid concerns that the county’s reported Sh13.7 billion collections cannot be independently verified.
