Sh1.4b GOtv stake haunts Isaboke
Stephen Isaboke's nomination as PS State Department for Broadcasting and Telecommunications on the spot over a conflict of interest owing to his shareholding in GOtv Kenya.
By Frankline Sunday 1 month ago
Sh1.4b GOtv stake haunts Isaboke
Banks' lending dips by 240b as Kenyans shun costly loans
KCB Group, the country's largest lender by assets, saw net loans and advances to customers fall by Sh99 billion in the 2024 financial year, a 10 per cent drop compared to 2023.
By Frankline Sunday 1 month ago
Banks' lending dips by 240b as Kenyans shun costly loans
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Treasury out of touch as Kenyans struggle with unemployment, cost of living
Budget documents appear to fall short of addressing the harsh financial realities facing Kenyans. As the debt burden increases the government is unable to tame wasteful spending.
By Macharia Kamau and Frankline Sunday 1 month ago
Treasury out of touch as Kenyans struggle with unemployment, cost of living
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Falling prices: Mbadi's math doesn't add up
In recent weeks, the National Treasury has been on a public relations overdrive to convince Kenyans that they are better off now than they were a year ago.
By Macharia Kamau and Frankline Sunday 2 months ago
Falling prices: Mbadi's math doesn't add up
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Puzzle of UAE firm in Sh6b Telkom deal deepens
In October 2023, the Cabinet rescinded a decision to buy back the majority shareholding in Telkom Kenya from Jamhuri Holdings Ltd.
By Frankline Sunday 2 months ago
Puzzle of UAE firm in Sh6b Telkom deal deepens
State boosts security budget by Sh23b amid rising crime threats
The government has allocated an additional Sh23.3 billion for security and defence expenditure in the 2024/2025 financial year as the country grapples with insecurity locally and regionally.
By Frankline Sunday 3 months ago
State boosts security budget by Sh23b amid rising crime threats
What you need to know about the unfolding crisis in DRC
M23 is an armed group operating in North Kivu province of the Democratic Republic of Congo (DRC), with backing from the Rwandan government which the latter denies.
By Frankline Sunday 4 months ago
What you need to know about the unfolding crisis in DRC
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How Kenya emerged as leading cybercrime hotspot in Africa
Kenya ranked top in Africa in cyber-dependent crimes, ahead of Nigeria and South Africa. Index found Kenya ranked high in criminality, criminal markets and cybercrime actors.
By Frankline Sunday 6 months ago
How Kenya emerged as leading cybercrime hotspot in Africa
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Echoes of Sh45.5b botched Qatari 2009 JKIA bid in Adani deal
The raging controversy surrounding the proposed leasing of the Jomo Kenyatta International Airport (JKIA) has all the hallmarks of another botched deal involving Qatari investors.
By Frankline Sunday 6 months ago
Echoes of Sh45.5b botched Qatari 2009 JKIA bid in Adani deal
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Safaricom braces for showdown with KRA on data demand
Safaricom says it has not provided the KRA with access to the subscriber database, indicating a looming showdown between the taxman and the leading telecommunications service provider.
By Frankline Sunday 6 months ago
Safaricom braces for showdown with KRA on data demand
Safaricom posts Sh48b profit amid regulatory headwinds
Safaricom has recorded Sh28 billion profit after tax in the first six months of the 2024-25 financial year, boosted by strong performance in Kenya where profit increased to Sh47.5 billion.
By Frankline Sunday 6 months ago
Safaricom posts Sh48b profit amid regulatory headwinds
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Nowhere to hide as KRA spies on your money
KRA is rolling out a mass digital surveillance programme and has already directed heads of commercial banks to facilitate the integration of their networks with the iTax platform.
By Frankline Sunday and Graham Kajilwa 7 months ago
Nowhere to hide as KRA spies on your money
Data privacy concerns as KRA targets mobile phones in new tax push
The Kenya Revenue Authority is seeking to register all mobile devices used in the country in a new push to ensure tax compliance.
By Frankline Sunday 7 months ago
Data privacy concerns as KRA targets mobile phones in new tax push
How SHIF, other recent deductions have eaten into your earnings
Kenyans are staring at another assault on their income as the higher charges for the new state-backed health insurance kick in this month.
By Macharia Kamau and Frankline Sunday 7 months ago
How SHIF, other recent deductions have eaten into your earnings
How SHIF and other recent pay deductions have eaten into your earnings
The government says SHIF is meant to create fairness and equity in healthcare access regardless of income levels but also offers expanded benefits compared to NHIF.
By Macharia Kamau and Frankline Sunday 7 months ago
How SHIF and other recent pay deductions have eaten into your earnings
KRA could miss out on millions in tax revenue from Zuku sale
KRA could miss out on tens of millions of shillings in tax revenue from the sale of Wananchi Group Holdings Ltd to Axian Telecom Ltd (ATL).
By Frankline Sunday 8 months ago
KRA could miss out on millions in tax revenue from Zuku sale
'Wrong e-mail address' claim fails to stop Sh283m JKIA tender
Engineering firm Resqtec has lost the bid to stop a Sh283 million tender awarded to a rival firm to supply the Jomo Kenyatta International Airport with an aircraft recovery system.
By Frankline Sunday 8 months ago
'Wrong e-mail address' claim fails to stop Sh283m JKIA tender
Higher education at crossroads amid budget cuts, new funding model
Tens of thousands of lecturers in the country's public universities are set to go on strike tomorrow unless the government meets their demands.
By Frankline Sunday 8 months ago
Higher education at crossroads amid budget cuts, new funding model
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Court orders Rubis to pay fired boss of oil firm Kobil Sh34.6m
Employment and Labour Relations Court finds David Ohana was unfairly sacked following the acquisition of Kobil by French major Rubis in a Sh35 billion deal five years ago.
By Frankline Sunday 8 months ago
Court orders Rubis to pay fired boss of oil firm Kobil Sh34.6m
Auditor General wants closure of illegal bank accounts operated by counties
Auditor General says county governments operating numerous commercial bank accounts contributes to financial mismanagement and waste of taxpayer funds
By Frankline Sunday 8 months ago
Auditor General wants closure of illegal bank accounts operated by counties
Media trends: Radio, TV remain top news sources for Kenyans
Radio and television are the top sources for news among Kenyans despite increased digitisation in the country's media industry over the past decade.
By Frankline Sunday 10 months ago
Media trends: Radio, TV remain top news sources for Kenyans
Demos push Safaricom share price down 17pc
Safaricom has lost more than Sh118 billion in paper value over the past two months.
By Frankline Sunday 10 months ago
Demos push Safaricom share price down 17pc
Fund managers net Sh10b in 3 months as Kenyans spread risk
Money market funds are gaining traction as the preferred investment vehicle as CMA data shows total assets under management stood at Sh225b in March.
By Frankline Sunday 10 months ago
Fund managers net Sh10b in 3 months as Kenyans spread risk
Postal Corporation hikes costs for digital addresses by 2000pc
The cost of owning and operating a virtual post office box would go up from the current Sh400 to Sh9,450 for corporates and Sh2,000 for individuals.
By Frankline Sunday 10 months ago
Postal Corporation hikes costs for digital addresses by 2000pc
Safaricom scrambles to shore up Gen Z market in wake of protests
Safaricom found itself in a tight spot over reports of internet throttling when users across the country experienced outages and slow connections for hours during the protests.
By Frankline Sunday 10 months ago
Safaricom scrambles to shore up Gen Z market in wake of protests
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Truths and lies during Ruto's Sunday TV interview
President William Ruto's claim that he has put an end to extrajudicial killings is false.
By Frankline Sunday 10 months ago
Truths and lies during Ruto's Sunday TV interview
Manufacturers have their way as MPs drop disputed levies
Kenyan manufacturers have won big as Parliament's Finance and National Planning Committee strikes out several proposed levies from the Finance Bill 2024.
By Frankline Sunday 11 months ago
Manufacturers have their way as MPs drop disputed levies
Watchdog now goes after tech giants with law review
CAK could soon begin regulating the activities of players in the digital marketplace in a move that could see platforms like Facebook and Google declared dominant.
By Frankline Sunday 11 months ago
Watchdog now goes after tech giants with law review
Security cash hits record high amid local, regional challenges
Ruto's administration is aligning itself with interests of the West, which is seeking to push back against the advance of Chinese and Russian influence.
By Frankline Sunday 11 months ago
Security cash hits record high amid local, regional challenges
State House exceeds budget by Sh1 billion
Initially, the budget for State House for the 2023/2024 financial year was set at Sh6.3 billion. It was later revised to Sh8.5 billion in the first supplementary budget.
By Frankline Sunday 1 year ago
State House exceeds budget by Sh1 billion
CA pushes for Sh88.5b nation-wide broadband
CA seeks to spend Sh28 billion over the next five years towards expanding mobile phone usage and mobile broadband to 66 and 65 per cent, respectively.
By Frankline Sunday 1 year ago
CA pushes for Sh88.5b nation-wide broadband
Court hands Makini Schools reprieve in row with PTA chairman
Milimani Principal Magistrate Sammy Opande denied Mr Bugo's request to enjoin the institution's parents and teachers' association in his dispute with its management.
By Frankline Sunday 1 year ago
Court hands Makini Schools reprieve in row with PTA chairman
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How State regulation bit off Sh2.8b from Safaricom profits
Customers making transactions valued at less than Sh1,000 now enjoy a waiver on the daily maintenance fees for the first three days.
By Frankline Sunday 1 year ago
How State regulation bit off Sh2.8b from Safaricom profits
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How your Sh26 daily has lifted Safaricom's earnings to Sh329b
Telco's after-tax profits grew by 13.7 per cent to Sh84.7 billion recorded in the year ended March 2024.
By Frankline Sunday 1 year ago
How your Sh26 daily has lifted Safaricom's earnings to Sh329b
Court throws out Jogoo Road residents' suit to stop eviction
Residents of Jogoo Road Phase Two Estate have lost their bid to challenge an eviction order from the government that seeks to demolish the estate and build affordable housing units.
By Frankline Sunday 1 year ago
Court throws out Jogoo Road residents' suit to stop eviction
Counties sitting on Sh1b emergency fund amid raging floods
Data from the Office of the Controller of Budget (CoB) indicates that Kenyan counties cumulatively set aside Sh1.9 billion to their emergency funds in the 2023/2024 financial year.
By Frankline Sunday 1 year ago
Counties sitting on Sh1b emergency fund amid raging floods
Nairobi County's uphill task to net Sh20 billion in land rates
Nairobi City County is looking to collect at least Sh20 billion in new land rates in a move that could make it the first devolved unit to fund its entire budget from internal revenue collection.
By Frankline Sunday 1 year ago
Nairobi County's uphill task to net Sh20 billion in land rates
New World Bank report warns of widening inequality gap, poverty
The latest report from the World Bank indicates that poverty levels in the country remain high even as the economy continues to post strong growth in the gross domestic product (GDP).
By Frankline Sunday 1 year ago
New World Bank report warns of widening inequality gap, poverty
Telkom Kenya the biggest loser as telcos shed 800,000 users
Telkom saw a 36 per cent decline in subscribers from 2.1 million customers as of September last year to 1.34 million subscribers in December.
By Macharia Kamau and Frankline Sunday 1 year ago
Telkom Kenya the biggest loser as telcos shed 800,000 users
The two women keeping a tight leash on Kenya's purse holders
AG Gathungu and Controller of Budget Nyakang'o have recently rubbed the State the wrong way. Both are facing unprecedented threats to remove them from office.
By Frankline Sunday 1 year ago
The two women keeping a tight leash on Kenya's purse holders
Ngabo El'cesart's home a living gallery
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Collela Mazee's rich legacy
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Taxing solar panels betrays our environment
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