News and Analysis
June 24, 2026
Welcome to the Money News Roundup. Today, we cover KRA's push to integrate eTIMS with taxi-hailing companies. We also look at how a Chinese firm has secured projects worth more than Ksh1.2 trillion in Kenya over the past few years.
KRA has integrated its eTIMS with Little Cab, enabling users to receive KRA-compliant tax invoices for business travel.
As reported by the Business Daily, the integration allows businesses, self-employed professionals and other taxpayers to claim eligible taxi expenses using eTIMS invoices, as required under the Finance Act 2025.
Little Cab is the first ride-hailing platform to complete the integration, with other operators expected to follow.
KRA says the move will improve tax compliance among digital taxi operators while making it easier for businesses to support VAT and income tax deductions. The integration also helps drivers account for their taxable income.
China Road and Bridge Corporation (CRBC) has strengthened its presence in Kenya after winning the Ksh154.2 billion contract to modernise JKIA.
As reported by the Business Daily, the project will expand the airport's passenger handling capacity from 7.5 million to 22 million annually, pushing the value of CRBC's Kenyan projects beyond Ksh1.2 trillion.
The company has delivered or is undertaking several landmark infrastructure projects, including the Ksh658.1 billion SGR, the Ksh86.8 billion Nairobi Expressway, the Ksh170 billion Nairobi-Nakuru-Mau Summit toll highway, the Ksh46 billion Talanta Stadium, and the Ksh38.8 billion Galana Dam.
CRBC also constructed Nairobi's Southern Bypass (Ksh18 billion), Eastern Bypass (Ksh9.3 billion), and Northern Bypass (Ksh8.5 billion).
The company is a subsidiary of China Communications Construction Company (CCCC).
Commuters were left stranded on Thursday morning after police mounted roadblocks on major roads leading into Nairobi's Central Business District (CBD).
As reported by Nation, many Kenyans heading to work were forced to cut their journeys short after matatus were barred from accessing the CBD. Some companies also took precautionary measures by directing their employees to work from home.
Among the affected routes was Waiyaki Way near the 87 area and Kangemi. Police also set up a roadblock at Allsops along Thika Road, while another was erected at Mlolongo on Mombasa Road.
The roadblocks were mounted ahead of commemorative events marking the anniversary of the June 25, 2024, protests against the Finance Bill, during which several people lost their lives.
A lobby group has filed a petition seeking to stop a proposed Kenya-US agreement to develop rare earth minerals at Mrima Hill in Kwale County.
As reported by Citizen Digital, the Centre for Litigation Trust argues the estimated Ksh9.7 trillion project lacks public participation and parliamentary approval. The group claims local communities, the Kwale County Government and other stakeholders were excluded from negotiations.
It is seeking court orders compelling the government to disclose the full terms of the agreement and suspend its implementation until legal requirements are met.
The petition also raises concerns over environmental impacts and the protected status of Mrima Hill, a gazetted National Monument and culturally significant Kaya forest.
Secondary school principals have opposed a proposal to introduce standardised uniforms in public schools, arguing that unique uniforms preserve school identity, heritage and discipline.
As reported by Nation, the Kenya Secondary School Heads Association (KESSHA) said schools should retain their distinctive uniforms while efforts focus on making them affordable and accessible.
The principals argued that different uniforms help identify learners, promote accountability and strengthen school branding. They also cited Kenya's varied climatic conditions as a reason against a single national design.
KESSHA noted that the average cost of uniforms is Ksh9,562 for boys and Ksh10,182 for girls, urging the government to prioritise affordability instead of standardisation.
SHA has suspended services offered by MP Shah Hospital under its health insurance schemes as investigations continue on a matter that was not disclosed.
As reported by Capital Business, patients admitted before the suspension will continue receiving treatment until discharge.
SHA has advised beneficiaries seeking new admissions, follow-up care or other medical services to visit other contracted facilities. The move comes as SHA intensifies efforts to curb fraudulent claims made by hospitals.
Former Kenya Private Sector Alliance (KEPSA) Chairperson Flora Mutahi has been appointed a non-executive director at Ecobank Kenya.
As reported by Capital Business, Mutahi, the founder and CEO of Melvin Marsh International, brings more than 30 years of experience in manufacturing, entrepreneurship and corporate governance.
She previously made history as the first woman to chair the Kenya Association of Manufacturers (KAM). Ecobank Kenya said her appointment will support the bank's growth and transformation agenda.
Mutahi said she looks forward to contributing to the bank's strategic objectives. Ecobank Kenya operates 16 branches and is part of the Ecobank Group, which serves more than 30 African markets.
Investment banks are increasingly expanding into fund management, driven by growing demand for collective investment schemes among Kenyan investors.
As reported by the Business Daily, the number of investment banks offering unit trusts has risen from four in 2021 to 10 by March 2026, according to the Capital Markets Authority (CMA).
Assets under management (AUM) in unit trusts also increased from Ksh756.3 billion in December 2025 to Ksh851.7 billion in March 2026. The regulator says more investment banks are applying to establish fund management businesses as investors seek diversified investment products.
The trend reflects the rapid growth of Kenya's wealth management industry and rising interest in professionally managed investment funds.
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