Money

Money

Men win big as High Court nullifies part of Succession law

 Kenyan men have won big after the High Court nullified a section of the Succession law for being discriminatory. In a land mark ruling, the High Court has declared that section 29 (c) of Law of Succession Act is unconstitutional. The law has been requiring widowers to prove that they were dependent on their deceased
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Billionaire Humphrey Kariuki’s business put under administration

 Billionaire Humphrey Kariuki’s business that ran into taxation troubles with the Kenya Revenue Authority (KRA) six years ago has been placed under administration. The business known as Africa Spirits Limited (ASL) has appointed Peter Kahi of PFK Consulting Limited as its administrator with effect from June 17, 2025. “With the appointment, the powers of the
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CLASP, GEAPP invest $6.1M to boost clean energy appliances

 CLASP and the Global Energy Alliance for People and Planet (GEAPP) have announced a $6.1 million expansion of the Productive Use Financing Facility (PUFF), a catalytic initiative that increases access to energy-efficient and income-generating appliances across Africa. PUFF supports growing businesses, farmers, and communities in Nigeria, Ethiopia and Kenya, to acquire up to 10,000 income-generating
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Kenya’s Budget 2025/26; a test for household-centered banking

 The recently presented 2025/26 national budget has drawn attention for its potential to influence household finances in Kenya. In a recent interview, Moses Muthui, Director of Consumer Banking at Absa Bank Kenya, offered insights into how budget measures could directly benefit everyday consumers, and how banks can enable that transition. Kenya’s informal economy remains the
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Mastercard & enza partner to enable fintech innovation across Africa

 Mastercard and enza have announced a partnership to connect fintech companies across Africa to the Mastercard network. The collaboration will enable fintech players to build propositions on the enza platform that serve both consumers and businesses with embedded Mastercard payment solutions capabilities. Fintech companies in Africa will now be able to easily access the full
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