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NEWS & CURRENT AFFAIRS

Digital News

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Macharia Kamau

Mbadi proposes more taxes to finance Sh4.3tr maiden budget

Kenyans should brace themselves for higher taxes in the next financial year with the government seeking to increase the revenue collection target, which is expected to finance an expanded budget.

Mbadi proposes more taxes to finance Sh4.3tr maiden budget

Fuel pump prices edge up for the first time in 14 months

Fuel pump prices edge up for the first time in 14 months

Nairobians' income nearly triple national average as Lamu's rises

Nairobians' income nearly triple national average as Lamu's rises

Lights finally dim on 'father of electricity' Hindpal Jabbal

Lights finally dim on 'father of electricity' Hindpal Jabbal

Directline settles Sh2.8b in claims amid wrangles

Directline Assurance Company paid claims of Sh2.88 billion last year with close to a tenth of the money being released in December.

Directline settles Sh2.8b in claims amid wrangles

Tax Laws Act ushers in new era for pensions sector

The retirement benefits sector has been tipped to benefit from the new Tax Laws (Amendment) Act.

Tax Laws Act ushers in new era for pensions sector

Businesses remain wary despite increased consumer spending

Confidence in the Kenyan economy among companies remained weak in December, with a majority of business leaders shelving plans to expand operations in the New Year.

Businesses remain wary despite increased consumer spending

What State needs to do for power prices to drop

Submissions to Parliament’s Energy Committee call for reduction of taxes and levies. Replacement of aged infrastructure and curbing theft could also reduce system losses.

What State needs to do for power prices to drop

Impact of Finance Bill withdrawal hits State revenues

Different national government agencies forced to scale down spending or put off new projects amid a debilitating revenue shortfall.

Impact of Finance Bill withdrawal hits State revenues

End of an era as Mastermind Tobacco to go under the hammer

Assets owned by Mastermind Tobacco are set to be auctioned in January in what could mark the end of an era for the tobacco manufacturer.

End of an era as Mastermind Tobacco to go under the hammer

Questions over power stability as country is plunged into darkness

Kenya once again experienced a crippling electricity outage, causing untold losses to individual power users, business and critical institutions including health facilities.

Questions over power stability as country is plunged into darkness

State extends fuel import deal with Middle East oil firms

The government has extended the controversial oil import deal it had signed with three Middle Eastern oil companies.

State extends fuel import deal with Middle East oil firms

KRA recovers Sh549 million from corrupt staff, sends 25 packing

An internal purge by the KRA has enabled the revenue collection agency to recover more than Sh500 million that its staff had acquired through corruption.

KRA recovers Sh549 million from corrupt staff, sends 25 packing

Why you will pay more for electricity following EPRA's review

The cost of electricity is set to go up this month following a hike in the foreign exchange component of the electricity bill.

Why you will pay more for electricity following EPRA's review

Uganda, Rwanda seek extension of oil pipeline from Eldoret depot

Uganda, Rwanda and South Sudan have revived plans to construct a refined petroleum products pipeline from Eldoret through Kampala to Kigali.

Uganda, Rwanda seek extension of oil pipeline from Eldoret depot

Livestock jab to be administered every 6 months for 3 years

The controversial livestock vaccination programme will be undertaken over three years, after which Kenya expects to be free from foot and mouth disease.

Livestock jab to be administered every 6 months for 3 years

Will new law end consumer exploitation by 'shylocks'?

Companies advancing exorbitantly priced loans to Kenyans and using crude recovery methods will now have to reconsider their mode of operations after coming under the purview of CBK.

Will new law end consumer exploitation by 'shylocks'?

Slight relief for Kenyans as fuel prices drop

Kenyans have got a slight relief for the festive season after the prices of fuel came down Saturday in the monthly pricing guidelines.

Slight relief for Kenyans as fuel prices drop

Ruto defends record on economy, accuses State critics of telling lies

The President, who has faced stinging criticism over the path he has put Kenya on, said the economy had significantly improved.

Ruto defends record on economy, accuses State critics of telling lies

Fresh probe piles pressure for openness in power deals

To many power sector stakeholders, Independent Power Producers (IPPs) are at the heart of all that is wrong with the industry, especially the high cost of electricity in Kenya.

Fresh probe piles pressure for openness in power deals

MPs want more SEZs roped into State's cheaper power plan

EPRA might be required to lower the cost of electricity for firms operating in other Special Economic Zones to be at par with those operating at the Naivasha SEZ.

MPs want more SEZs roped into State's cheaper power plan

MPs want more firms roped into State's cheaper power plan

Epra might be required to lower the cost of electricity for firms operating in other SEZs to be at par with those operating at the State-owned Naivasha SEZ.

MPs want more firms roped into State's cheaper power plan

Tullow CEO Raul Dhir set to leave the firm next year

Raul Dhir is set to step down next year as the CEO of Tullow after efforts to make Kenya’s dream of being an oil producer a reality faced major delays.

Tullow CEO Raul Dhir set to leave the firm next year

Kenya Power system losses rise as MPs call for low energy costs

The cost that comes with system losses is passed on to consumers as report says the firm can save consumers upwards of Sh6 billion annually if it cysts system losses to 14.5 per cent.

Kenya Power system losses rise as MPs call for low energy costs

MPs want energy sector bosses probed over high cost of power

MPs want nearly the entire energy sector investigated for pushing power costs to being the highest on the continent, which turned away investors and worsened Kenyans’ livelihoods.

MPs want energy sector bosses probed over high cost of power

Kenya Power to hire 3,000 new staff in three years to hit 13,400 target

Utility firm Kenya Power is set to hire nearly 3,000 more employees over the next three years, going against earlier plans to cut its workforce.

Kenya Power to hire 3,000 new staff in three years to hit 13,400 target

Builders, construction firms protest planned 35pc duty on tiles

Players in the building and construction industry have protested the proposal to introduce a 35 per cent excise duty on key products such as tiles, sinks and toilets.

Builders, construction firms protest planned 35pc duty on tiles

Aviation industry wants say in JKIA upgrade after Adani cancellation

Air operators lobby said there should be an open bidding process for contract. Stakeholders say there is adequate capacity locally to undertake the modernisation.

Aviation industry wants say in JKIA upgrade after Adani cancellation

Two firms begin construction of 70MW geothermal plants in Menengai

Two power producers have started the construction of electricity plants with a combined capacity of 70 megawatts (MW) at the Menengai geothermal fields.

By 2 months ago

Two firms begin construction of 70MW geothermal plants in Menengai

Will Treasury succeed this time to trim State's transport costs?

A draft policy proposes fewer cars with smaller engine sizes for government officials, a similar directive in 2009 by then Finance Minister Uhuru Kenyatta failed to get traction.

By 2 months ago

Will Treasury succeed this time to trim State's transport costs?

Savannah ups offer in fight for Bamburi with Tanzania firm

Savannah Clinker has upped its offer to Bamburi Cement’s shareholders by about 9.4 per cent as it seeks to outdo Tanzania’s Amsons Group.

By 2 months ago

Savannah ups offer in fight for Bamburi with Tanzania firm

Power sector on edge as new plants dry up amid surging demand

Analysts have in the past noted this failure to sign PPAs over the last several years could in the coming years see supply struggle to keep up with demand.

By 2 months ago

Power sector on edge as new plants dry up amid surging demand

CRB listings nearly doubles as State drive backfires

The number of borrowers blacklisted by different lenders, mostly digital lending platforms run by commercial banks and mobile digital loan apps, has risen by a staggering 3.85 million.

By 2 months ago

CRB listings nearly doubles as State drive backfires

High cost of internet devices and skills gap widen ICT access gap

Many Kenyans are struggling with the high cost of internet and mobile devices in the country, limiting the impact that the high internet coverage could have on many.

By 2 months ago

High cost of internet devices and skills gap widen ICT access gap

Firms increase night operations to benefit from cheaper power

Epra data shows companies on off-peak electricity tariffs grew 56 per cent by the end of June as the regulator considers some changes in the thresholds to be more friendly to firms.

By 2 months ago

Firms increase night operations to benefit from cheaper power

Banks begin to lower cost of credit amid Treasury pressure

NCBA announced it has reduced its base lending rate on Kenya shilling and dollar loans. Lenders have been slow to reduce their charges even after CBK cut its benchmark rate.

By 2 months ago

Banks begin to lower cost of credit amid Treasury pressure

We need more Adani-type deals to grow, says Mbadi

The government is eyeing five Adani-like deals in the current financial year in what National Treasury Cabinet Secretary John Mbadi said would enable the government to finish key projects.

By 3 months ago

We need more Adani-type deals to grow, says Mbadi

Revealed: The faces behind fake cement trade

Locally, out of the about 10 cement producers, only four have clinker production capacity. This means the other manufacturers have to rely on competition for this key raw material.

By 3 months ago

Revealed: The faces behind fake cement trade

Firm's northern circuit safaris offer alternative for tourists

The massive increase in park and community levy fees in the Maasai Mara Game Reserve earlier this year has also affected big group bookings.

By 3 months ago

Firm's northern circuit safaris offer alternative for tourists

Portland Cement seeks debt-free expansion with Sh9b land sale

In addition to technological upgrades, East African Portland Cement is seeking to optimise energy consumption through more sustainable solutions.

By 3 months ago

Portland Cement seeks debt-free expansion with Sh9b land sale

Financial hardships hamper push for solar uptake

Solar electricity systems are key to achieving universal electricity connection in Kenya but the economic situation of targeted households raises doubts.

By 3 months ago

Financial hardships hamper push for solar uptake

Airlines join bid to block Adani deal

Local airlines have rejected controversial plans to hand over the Jomo Kenyatta International Airport (JKIA) to India’s Adani Airports Holdings.

By 3 months ago

Airlines join bid to block Adani deal

Kenyans have four days to give Mbadi views on taxation, debt management

Kenyans have four days to give the National Treasury CS John Mbadi their views on how they would like the Ministry to manage the country’s financial situation going forward.

By 3 months ago

Kenyans have four days to give Mbadi views on taxation, debt management

Questions as Indonesian firm set for energy deal

Indonesian energy firm PT Pertamina Geothermal Energy is seeking entry into Kenya’s power production sector following a deal to develop two geothermal fields in Suswa and Olkaria.

By 3 months ago

Questions as Indonesian firm set for energy deal

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