Ruto: KPC set for September listing at bourse in State firms sale plan

President William Ruto expects the Cabinet to approve the planned listing of Kenya Pipeline Company by the end of July and the Initial Public Offering (IPO) to open in September.

By 7 days ago

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Firms to wait longer for payment as pending bills verification drags on

The exercise that started in September 2023 was expected to end last year. However, it has received several extensions, the latest being the end of June this year.

By 9 days ago

Gulf Energy's affiliate inches closer to oil project takeover

London-listed Tullow Oil has formally signed a deal to sell its entire Kenyan assets to Auron Energy, an affiliate of influential local firm Gulf Energy.

By 8 days ago

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How latest sharp rise in fuel pump prices exposes gaps in energy sector management

Prices went up by about Sh9 per litre, laying bare subpar investments in the crucial industry and the uncoordinated manner of operation by the different State agencies.

By 11 days ago

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State's appetite for fuel taxes pushes up pump prices

For every litre of super petrol, government makes Sh82.33. Analysts believe that tax from fuel is the easiest to raise for the government.

By 14 days ago

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How higher oil marketers' margins adds to the pain of higher fuel prices

The Energy and Petroleum Regulatory Authority on Monday increased the margins for oil marketing companies by Sh2.15 per litre.

By 14 days ago

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Lessons for local entrepreneurs to end streak of failed startups

Kenya’s start-up ecosystem is littered with failures. In recent months, many start-ups have closed shop, while more are teetering on the edge, uncertain of their future.

By 15 days ago

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Epra under fire over sharp rise in fuel prices

The Energy and Petroleum Regulatory Authority (Epra) on Monday increased fuel prices by steep margins, resulting in pump prices reaching the highest point since September last year.

By 15 days ago

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Exit lane: Sudden top exits at road agencies expose power struggles

DGs Ndung’u and Kandie allegedly ousted for straying from Kenya Kwanza script.

By 18 days ago

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Multinational companies close shop as Ruto buries head in sand

High taxes, cost of fuel and electricity, bad infrastructure, unpredictable policies to blame.President however thinks its brouhaha as many are coming on board in his estimation

By 19 days ago

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Manufacturing sector shrinks as Ruto regime reverses Kibaki gains

In the Vision 2030 development plan, manufacturing was supposed to contribute 15 pc. During Kibaki’s era, the sector contributed 19pc in 2003; under Ruto it had declined to 7.3 pc last year.

By 19 days ago

Businesses warn looting a threat to job creation and investments

Lobbies say these add to a “deteriorating business environment that makes it challenging for the private sector.”

By 21 days ago

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NSE defies unrest, economic hardships to post huge rebound

NSE has implemented reforms aimed at enhancing market depth, efficiency and transparency, generally improving the investment climate and restoring investor confidence.

By 23 days ago

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Crown Paints hit by executive exits as CEO stripped of key roles

Company commands more than 60pc of market share in the premium paints category, loses six senior managers in a span of two weeks as Rao’s power whittled down.

By 25 days ago

Ruto lures foreign investors to NSE with promise of Kenya Pipeline listing

President William Ruto says KPC will be sold this year as part of the privatisation of State agencies.

By 28 days ago

Logistics firm Express Kenya unveils Sh13b real estate project

First phase of project that will include a mall and petrol station in Nairobi to cost Sh250 million.The company, which started in 1918 and listed at the NSE in 1978, has seen earnings drop.

By 28 days ago

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Creative economy: Missed opportunities from neglect despite talk about big numbers

Kenya is set to host the Chan tournament, which presents an opportunity to set up the creative industry players to tap into a billion-dollar creative economy.

By 30 days ago

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Property firms, telcos risk fines for locking out small internet firms from buildings

Larger ISP are on the radar of the Competition Authority of Kenya (CAK) for signing contracts with real estate developers that lock out smaller ISPs

By 1 month ago

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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 1 month 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 1 month 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 1 month 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 1 month 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 1 month 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 1 month 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 1 month 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 1 month 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 1 month 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 1 month 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 1 month 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 1 month 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 1 month 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 1 month 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 1 month 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 1 month 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 1 month 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 1 month 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 1 month 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 1 month 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 1 month 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