News and Analysis
September 7, 2026
Hello and welcome to the Money News Roundup Newsletter. Today, we look at new changes to the Grade 10 school selection process. We also cover fresh proposals by the Unclaimed Financial Assets Authority (UFAA) aimed at helping recover more than Ksh30 billion in unclaimed dividends.
Grade 9 learners will now select eight senior schools instead of 12 after the Ministry of Education revised the placement process for the transition to Grade 10.
As reported by Nation, learners will list eight preferred schools, comprising three C1 schools (national schools), two C2 schools, two C3 schools and one C4 school. The previous Grade 10 selection process required learners to choose 12 schools, with four schools selected under each of the three pathways.
About 1.2 million learners are expected to take part in the exercise, choosing a minimum of one and a maximum of two subject combinations under three pathways: STEM, Social Sciences, and Arts and Sports Science.
The Ministry says the changes are part of preparations for the second cohort under the Competency-Based Education (CBE) curriculum.
Placement into Grade 10 will be based on learners’ preferences, career interests and academic performance, including KJSEA results and cumulative assessments from Grades 6, 7 and 9.
The selection portal opened on September 7 and will remain accessible until September 11 through the Kenya Education Management Information System (KEMIS).
Parents will be required to sign completed selection profiles before schools submit them.
Also Read: Full List of All National Schools (C1) in Kenya [Per County]
The Unclaimed Financial Assets Authority (UFAA) is proposing changes to help recover Ksh30.5 billion in unclaimed dividends held by saccos and Nairobi Securities Exchange-listed firms.
As reported by the Business Daily, a draft Bill seeks to extend the period before shares and dividends are classified as abandoned from three to five years, giving institutions more time to trace owners.
UFAA also wants to replace current penalties for non-remittance with a simpler charge equivalent to 25% of unremitted assets, arguing the existing regime discourages compliance.
As of June 2026, listed firms and saccos held over Ksh25 billion in unclaimed dividends. UFAA currently holds assets worth Ksh126 billion but has reunited only Ksh3.12 billion with owners.
Kenyan YouTube creators earning through AdSense will now be required to submit their KRA PIN details by October 1 to continue receiving payments as Google implements a new 5% withholding tax requirement.
The Capital Business reported that according to Google, submitted tax details will take between three and five working days to be reviewed and approved. Once the review is complete, creators will receive an automated email confirming the status of their tax form.
The company will also be required to submit monthly reports to the KRA detailing gross payments subject to withholding tax, the total amount withheld, as well as the creator's PIN and address.
The move makes Kenyan tax information a key part of the payment process for affected AdSense for YouTube accounts, with the first 5% withholding tax expected to be deducted from September earnings that will be paid out in October.
Foreign Affairs PS Korir Sing’oei has apologised to Burundian nationals in Kenya who say they have faced harassment following recent government directives on small businesses.
As reported by the Star, speaking at the Embassy of Burundi in Nairobi, Sing’oei said some people misunderstood a directive targeting foreigners operating unlicensed businesses, leading to stigma and anxiety among Burundians.
He assured them that the government’s goal is to ensure foreign nationals are properly documented, safe and able to operate legally. The government plans to strengthen security in areas where they live and conduct public awareness campaigns.
“I say sorry because the other day there was a directive that those who operate small businesses without licences should vacate Kenya. Most of the people did not understand the message well, and because of that, some of you have been exposed to ridicule from neighbours and friends, and we say sorry,” he said.
The development came after Burundi's Foreign Affairs Minister Edouard Bizimana was quoted by the BBC saying there would be implications for Kenyans living in Burundi if its citizens are targeted.
"Kenyans in Burundi were living peacefully but if the hate speech against Burundi continues things will certainty change. Kenya government is responsible for the lives of Burundians living in Kenya," Bizimana stated.
Kenyans can now acquire electric tuk-tuks through M-KOPA after the company expanded its pay-as-you-go financing model to include three-wheelers.
As reported by Capital Business, the financing option allows operators to spread payments over time, reducing the upfront cost of purchasing a vehicle. M-KOPA says customers save an average of Ksh530 daily through lower energy and maintenance costs and access to battery-swapping infrastructure.
The company noted that the success of financing over 10,000 electric motorcycles demonstrated strong demand for affordable electric mobility. Customers also receive insurance, GPS tracking, security features, flexible repayments, and warranty protection.
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