Schools to Charge Extra Fees as KUPPET Disputes Ksh18 Billion Capitation Release 

Welcome to the Money News Roundup. Today, we look at plans by schools to charge extra fees and a court ruling awarding a man Ksh1 million over unsolicited marketing calls and messages from a digital lender. 

Schools to Charge Extra Fees as KUPPET Disputes Ksh18 Billion Capitation Release 

Schools may be forced to charge parents extra fees following a dispute that has emerged between the government and teachers over capitation funding as learners return for the third term.

As reported by Citizen Digital, President William Ruto says the government has already released Ksh18 billion in capitation funds for the term, insisting the money has been sent to schools and dismissing claims of funding delays as politically motivated.

However, the Kenya Union of Post Primary Education Teachers (KUPPET) has challenged the assertion, saying school heads are yet to receive the funds and are struggling with mounting debts caused by delayed capitation disbursements.

KUPPET Deputy Secretary General Moses Nthurima urged parents to prepare to pay school fees, arguing that schools have no alternative source of funding.

"We treat that as a rumor from the Ministry of Education. Our course of action is to ask parents to prepare to pay for the education of learners because the government has no intention to finance education,” Nthurima stated.

The disagreement comes as schools continue to face funding gaps, with institutions reportedly receiving Ksh16,456.60 per learner so far this year against the expected Ksh22,244 allocation.

Court Awards Man Ksh1M for Unsolicited Loan Marketing Messages From Platinum Credit  

The High Court in Nairobi has upheld a Ksh1 million compensation award against Platinum Credit Limited for unlawfully using a Kenyan's personal data to market loan products through unsolicited calls and messages.

As reported by Nation, the court dismissed the lender's appeal against a 2024 decision by the Office of the Data Protection Commissioner (ODPC), which found that Platinum Credit had violated the Data Protection Act.

The case was filed by Donald Mkala Ngolo, who complained that he repeatedly received promotional calls and messages advertising Platinum Credit loans despite never being a customer. He also requested the company to delete his personal data, but the communications allegedly continued.

The court ruled that the compensation awarded by the ODPC was reasonable, citing the distress, inconvenience and invasion of privacy caused by the repeated marketing.

Govt Reduces Subsidised Fertiliser Price to Ksh2,000

President William Ruto has announced a further reduction in the price of subsidised fertiliser, with a 50-kilogramme bag set to cost Ksh2,000, down from Ksh2,500.

As reported by the Star, the Ksh500 reduction is set to take effect within the next two weeks.

He also stated that the government will be implementing a 50% subsidy on maize seeds ahead of the next planting season.

Senate Gives DCI 60 Days to Conclude Probe Into Ex-Energy Officials Over Fuel Import Deal

The Senate has given investigators 60 days to submit a report on the status and findings of investigations into three former senior energy sector officials accused of manipulating fuel stock data and facilitating an emergency Ksh12 billion fuel import deal.

As reported by the Business Daily, the directive targets former Petroleum Principal Secretary Mohamed Liban, former Kenya Pipeline Company Managing Director Joe Sang and former EPRA Director-General Daniel Kiptoo, who were arrested in April and later released on cash bail.

The Senate Energy Committee wants the DCI, DPP and other agencies to conclude the investigations and report back by October 19.

The probe centres on claims that fuel stock data was altered to justify emergency petrol imports at inflated prices outside existing government-to-government supply arrangements.

Diaspora Remittances Drop by Ksh9 Billion

Kenya's diaspora remittances fell by Ksh9 billion to Ksh368.75 billion in the first seven months of 2026, raising the possibility of the first annual decline in 17 years.

As reported by Nation, the CBK attributes the slowdown to global inflation linked to the Iran conflict and changing labour regulations in Saudi Arabia, a key source market for remittances.

CBK has cut its full-year remittance forecast from Ksh701.9 billion to Ksh657 billion, implying growth of just 0.7%.

Although July inflows rose to Ksh56.5 billion from Ksh48.6 billion in June, overall remittances remain below last year's levels.

BOC Kenya Raises Interim Dividend by 60% to Ksh4 Per Share

BOC Kenya has increased its interim dividend by 60% to Ksh4 per share despite reporting a 39.8% decline in net profit for the first half of 2026.

As reported by the Kenyan Wall Street, the industrial and medical gases producer posted a net profit of Ksh100.4 million, down from Ksh166.7 million a year earlier, as revenue fell 17.2% to Ksh600 million. 

Profit before tax declined 37.4% to Ksh157.6 million, while overhead costs rose 17.3% to Ksh190.8 million due to higher fuel, energy and inflation-related expenses.

Despite the earnings decline, cash generated from operations increased 38.9% to Ksh291.6 million, supporting the higher shareholder payout.