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Cabinet okays Bill barring President from appointing political allies to state corporations

The President will no longer be appointing political allies to board positions in state corporations in planned reforms to government agencies.

By 8 days ago

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Political appointees to lose board jobs in Cabinet's parastatal reforms

The President will no longer have the luxury of appointing political allies to plum board positions in State corporations in planned reforms to government agencies.

By 8 days ago

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Why Ngugi wa Thiong'o disappointed Kenyans, Africans in death

In his effort to ‘decolonise the mind’, he mounted cultural battles to fight mental remnants of colonialism that lingered into postcolonial times.

By 11 days ago

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MPs dismiss email submissions on Finance Bill 2025 as spam

Committee said a huge number of emails it received contained the same message, causing the system to crash.

By 11 days ago

CAK eyes forensic lab, stricter laws to enhance consumer protection

Watchdog's latest strategic plan has prioritised the fight against Big Data and AI-powered abuses.

By 16 days ago

Ruto signs new law in fight against dirty cash

The enactment of the new law, State House said in a statement, represents a decisive step in bolstering the country's financial system against illicit financial flows.

By 16 days ago

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KQ searches for new partner to set up regional airline after S Africa bolts out

KQ and SAA in 2021 signed a partnership framework that was expected to form the Pan African Airline Group.

By 17 days ago

State contractors to wait longer for payment as pending bills audit drags

The large sums of money that the government owes to businesses continue to be a thorny issue despite the National Treasury having committed to resolving it.

By 18 days ago

Tanzania firm refutes Keb's safety concerns over its gas imports

Cooking gas firm Lake Gas has defended the quality of its first bulk consignment of imported cooking gas, insisting it meets the required quality and safety standards.

By 18 days ago

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Police explanation of Ojwang's death comes from a familiar past script

Claims surrounding Albert Ojwang’s death in a police cell defied common sense and raised doubts about the legitimacy of those in power.

By 18 days ago

Safaricom valuation hits Sh1tr mark

Safaricom Plc’s valuation at the Nairobi Securities Exchange (NSE) crossed the psychological barrier of the Sh1 trillion mark on Thursday last week.

By 18 days ago

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It's a mixed bag for Michael Joseph as he formally exits Kenya Airways

Michael Joseph's exit marked the end of a board career spanning a maximum tenure of nine years, marked by both highs and lows. 

By 19 days ago

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From Sh4.24 tr to Sh4.29 tr: Mbadi moving numbers raise eyebrows

Treasury has moved goal posts from the spending plan it presented to Parliament in April.Experts say this erodes credibility of the budget-making process, as the numbers can’t be relied on.

By 20 days ago

Epra boss picked for global energy body's post

The Energy and Petroleum Regulatory Authority (Epra) Director General Danie Kiptoo has been appointed the vice chairman of the International Confederation of Energy Regulators (ICER).

By 20 days ago

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Alarm as Kilifi-based Tanzanian gas firm fails key KEBS safety standard

The Kenya Bureau of Standards (Kebs) has rejected a cooking gas consignment that was imported into the country by Lake Gas due to non-compliance with safety standards.

By 20 days ago

Epra increases cost of super petrol in fuel prices changes

Epra has scrapped the petroleum price stabilization or subsidies that are used to cushion motorists from high prices.

By 20 days ago

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Oil firms put on the spot over high LPG cost despite tax exemptions

House budget committee is concerned retail prices have remained high, going up up by 55.7 per cent between 2020 and 2024.VAT on cooking gas was zero-rated in 2023.

By 21 days ago

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Mbadi's U-turn: From Ruto's harshest critic to trusted economic voice

John Mbadi frequently derided President William Ruto during his time as an MP He said Ruto was a micro-manager and his Cabinet incompetent: he is now Treasury boss

By 22 days ago

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How firm defied KPA safety concerns to discharge cooking gas in Kilifi

KPA had earlier undertaken a navigation simulation of how ships would approach the Lake Gas terminal.

By 24 days ago

MPS query fate of Sh4.2b earned from trading housing levy funds

State Department for Housing had loaned the government Sh46 billion through Treasury Bills. The interest earned has, however, not been factored into the budget for the financial year 2025/26.

By 28 days ago

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House team okays Treasury's Sh4.24tr spending plan amid concerns

National Assembly's Budget Committee approves budget estimates for the FY 2025-26.It, however, notes the ministry has either underfunded or failed to allocate funds in some areas

By 29 days ago

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Arrested activist, experts reveal 'hidden' traps in the Finance Bill

Rose Njeri employed her skills to create a web portal that would enable Kenyans to submit their views on the Finance Bill, 2025.

By 1 month ago

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World Bank: Use civil servants allowances to upgrade Naivasha

The World Bank wants the government to slash allowances for civil servants conferencing in Naivasha

By 1 month ago

TransCentury swings back to profitability after a decade

It is the first time that the firm has reported a full-year profit since 2013, when it reported Sh626 million profit.

By 1 month ago

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World Bank pushes Kenya to hike PAYE to 38pc

The global lender says the move would reduce the average tax rates and other contributions to 18.7 per cent for low-income earners.

By 1 month ago

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Michael Joseph's chequered KQ legacy as he heads for exit

Kenya Airways (KQ) chairman Michael Joseph will retire next month after eight years at the helm of the national carrier’s board.

By 1 month ago

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Social media rants won't grow economy, Industry PS fires back

PS: You might rant all you want online about the state of the Kenyan economy, but as long as you are not buying locally made products, your views will not amount to much. 

By 1 month ago

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Why Narok airport is not a key pick for aviation sector players

The National Treasury is set to pump Sh700 million into the project which is expected to be ready in 15 months.

By 1 month ago

Data tops Safaricom Ethiopia earnings as unit eyes profit

Its mobile money platform M-Pesa earned the company Sh12.5 million, with Safaricom now planning to launch Fuliza in Ethiopia in a move that could increase earnings for the company.

By 1 month ago

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New PPPs model opens door for local firms after Adani deals flop

Kenyan firms are angling to invest in the country’s key mega infrastructure projects including the JKIA.

By 1 month ago

Local financiers to get bigger pie of PPPs in new proposal

Report by a committee of experts says local investors can finance up to 30 per cent of the country’s development expenditure.Treasury has proposed an outlay of about Sh700 billion on devt.

By 1 month ago

CMA approves Standard Group's Sh1.5b rights issue

The media company plans to invest in digital growth as part of an ongoing re-organisation. Shareholders now have a chance to raise their stake at a discounted price.

By 1 month ago

Kenya eyes green hydrogen to deepen renewable energy usage

Kenya is looking at deepening its renewable energy use through green hydrogen, which is tipped to hold immense potential in cleaning up industries as well as creating new jobs.

By 1 month ago

Epra leaves pump prices unchanged, slashes subsidy

The cost of fuel has generally been reducing over the last year, with the cost of petrol going down from above Sh200 seen at the start of last year to the current levels.

By 1 month ago

Public participation on Finance Bill begins

The National Assembly has opened a window for Kenyans to give their views on the Finance Bill 2025.

By 1 month ago

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Reduced incomes, cash-starved private sector strain economy

Kenyans are grappling with reduced disposable income as increased statutory deductions and higher taxes—both direct and indirect—weaken their spending power.

By 1 month ago

KCB clocks Sh53.2b in green loans as climate finance race hots up

Banks are racing to increase the amount of loans advanced to environmentally friendly projects to combat the effects of climate change.

By 1 month ago

Safaricom profit jumps 7.2pc as total earnings now hit Sh388.7b

The Group’s full-year net profit rose to Sh45.7 billion, with the Kenyan business booking a Sh95.4 billion profit.The Ethiopian unit, however, saw its loss widen to Sh49.8 billion.

By 1 month ago

Motor industry registers drop as cash strapped businesses, households stay away

The number of newly registered vehicles dropped 21.4 per cent, the lowest since 2017. Motorcycles registered also continued a multi-year decline and hit a low in 16 years.

By 1 month ago

Kenya Kwanza's pet projects post slow growth in ailing economy

This resulted in drop in economic growth to 4.7 percent in 2024 from 5.7 percent in 2023.Construction sector was expected to grow due to the affordable housing programme.

By 1 month ago