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NEWS & CURRENT AFFAIRS

Digital News

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Macharia Kamau

Ruto secures Sh470b for Nairobi-Mombasa expressway in US visit

The expressway is expected to reduce travel time to about four and a half hours from the current average of 10.5 hours it takes to travel between Nairobi and Mombasa by road.

By Macharia Kamau and James Wanzala 3 months ago

Ruto secures Sh470b for Nairobi-Mombasa expressway in US visit

Manufacturers warn Finance Bill proposals will raise costs, kill jobs

Manufacturers warn Finance Bill proposals will raise costs, kill jobs

By Macharia Kamau 3 months ago

High prices slash petroleum import bill

High prices slash petroleum import bill

By Macharia Kamau 3 months ago

CA seeks to foster innovation through regulatory sandbox

CA seeks to foster innovation through regulatory sandbox

By Macharia Kamau 3 months ago

Kebs locks out Swiss firm from lucrative tender over graft case

Kebs cited a fine by the Swiss government after the company was convicted of failing to prevent bribes to public officials in countries where it operates.

By Macharia Kamau 3 months ago

Kebs locks out Swiss firm from lucrative tender over graft case

More pain as Ruto promises to increase tax

President has said Kenya is lagging in taxing its citizens and pledged to increase levies. Kalonzo Musyoka said the rise is is inhumane as it will push up the cost of living which is too high.

By Edwin Nyarangi and Macharia Kamau 4 months ago

More pain as Ruto promises to increase tax

Treasury demand for more taxes will hurt Kenyans

Analysts says that Treasury should have considered outcomes of Finance Act, 2023.

By Sofia Ali and Macharia Kamau 4 months ago

Treasury demand for more taxes will hurt Kenyans

New plant turns pineapple waste into biofertiliser

The plant will use residues from the company's pineapple cannery to create four different types of biofertilisers for its use and eventual sale to other growers in East Africa.

By Macharia Kamau 4 months ago

New plant turns pineapple waste into biofertiliser

No country for young people: How old guard hangs on to State jobs

Diversity and inclusion are huge not just in private sector circles but also in government.

By Macharia Kamau 4 months ago

No country for young people: How old guard hangs on to State jobs

Finance Bill: E-mobility, local phones makers face setbacks

The Finance Bill 2024, which has proposed to subject Value Added Tax (VAT) on electric buses and locally made mobile phones

By Macharia Kamau 4 months ago

Finance Bill: E-mobility, local phones makers face setbacks

Airtel's EA unit revenue jumps 10pc

Total revenues for the year stood at $4.98 billion (Sh667 billion) in the year to March 2024 - a 5.3 per cent drop from $5.26 billion (Sh705 billion) it posted in 2023.

By Macharia Kamau 4 months ago

Airtel's EA unit revenue jumps 10pc

NSSF in new plan to expand into Sh1 trillion scheme in five years

State-run pension fund is also eyeing to grow membership by over 70 per cent to 5.2 million in a five-year strategic plan. The Fund is currently valued at Sh311 billion.

By Macharia Kamau 4 months ago

NSSF in new plan to expand into Sh1 trillion scheme in five years

UK tea giant Lipton to sell 15pc stake to local farmers in deal

Move comes in the wake of pact to sell Lipton's operations in Kenya to Sri Lanka's Browns Investments. A consortium of farmers' cooperatives had sought to buy firm's entire stake.

By Macharia Kamau 4 months ago

UK tea giant Lipton to sell 15pc stake to local farmers in deal

Treasury increases Hustler Fund as borrowers struggle to get loans

This is in addition to the over Sh25 billion that the Kenya Kwanza administration has allocated to the Fund since its inception.

By Macharia Kamau 4 months ago

Treasury increases Hustler Fund as borrowers struggle to get loans

Fuliza: Kenya eyes Sh160 billion loan from World Bank

The government has reported to the World Bank that it has concluded implementing reforms under the sixth Development Policy Operation (DPO6).

By Macharia Kamau 4 months ago

Fuliza: Kenya eyes Sh160 billion loan from World Bank

CS kicks out Kuscco board after new audit reveals loss of billions

Move comes four months after the top management of the union was bundled out of office.

By Macharia Kamau 4 months ago

CS kicks out Kuscco board after new audit reveals loss of billions

New payment platform takes on telcos, banks

Payless is poised to become a disruptive force in the payments landscape, heralding a new dawn for the vibrant, tech-savvy youth across Nairobi, Kenya and across Africa

By Macharia Kamau 4 months ago

New payment platform takes on telcos, banks

Treasury to cut borrowing, spending on shortfall in revenue collection

Budget estimates indicate the government plans to borrow Sh541.7 billion in the next financial year. Tax collection has been below target with revenue up to March falling short by Sh255 billion.

By Macharia Kamau 4 months ago

Treasury to cut borrowing, spending on shortfall in revenue collection

State to shut down 25 entities, privatise others in new reforms

National Treasury says it has undertaken a preliminary assessment of the 288 State corporations.

By Macharia Kamau 4 months ago

State to shut down 25 entities, privatise others in new reforms

Interpol joins probe on KQ staff detention

Sleuths investigate gold racket believed to be the reasons the two are being held in DRC.

By Kamore Maina and Macharia Kamau 4 months ago

Interpol joins probe on KQ staff detention

Insurance sector players to explore use of AI in deepening uptake

The sector will meet in Nairobi next week for a two-day conference on innovation in retail insurance.

By Macharia Kamau 4 months ago

Insurance sector players to explore use of AI in deepening uptake

Workers hang on hope as Ruto only offers them pay rise promise

Employers warn raising salaries without legal guidelines compromising entrepreneurship.

By Macharia Kamau 4 months ago

Workers hang on hope as Ruto only offers them pay rise promise

Public hearings on controversial tobacco packaging rules kick off

Research shows that cigarette smoking is by far the most dangerous form of tobacco use.

By Macharia Kamau 4 months ago

Public hearings on controversial tobacco packaging rules kick off

How to turn the tide against Kenyans' poor saving culture

In some markets, April is Financial Literacy Month, and the duo of Dolly Sagwe and Kendi Ntwiga spent time over the month talking to Kenyans about personal money habits such as saving.

By Macharia Kamau 4 months ago

How to turn the tide against Kenyans' poor saving culture

It's a bumpy ride for e-mobility firms in bid to move past start-up phase

Industry players say they are picking up pace and in the sector's next phase of growth needing to attract major financiers, with funds from venture capitalists and private equities drying up.

By Macharia Kamau 4 months ago

It's a bumpy ride for e-mobility firms in bid to move past start-up phase

KQ suspends flights to Kinshasa over detention of staff

Kenya Airways has suspended flights to the Democratic Republic of Congo in protest over the continued detention of two employees based in Kinshasa.

By Macharia Kamau 4 months ago

KQ suspends flights to Kinshasa over detention of staff

Absa Life Assurance earnings jump 84pc to Sh667 million

Absa Life Assurance Kenya (Absa Life) has reported an 84 per cent growth in net profit to Sh667.2 million for the year ending December 31, 2023, from Sh361.86 million recorded in 2022.

By Macharia Kamau 4 months ago

Absa Life Assurance earnings jump 84pc to Sh667 million

Logistics firm eyes bigger market pie after MSC pact, rebrand

This followed a Sh793 billion acquisition by global shipping giant MSC, which AGL Regional Managing Director East Africa Jason Reynard said highlights the long-term commitment.

By Macharia Kamau 4 months ago

Logistics firm eyes bigger market pie after MSC pact, rebrand

Arrest of two KQ staff by Congo military sparks diplomatic tiff

The employees were alleged to have contravened regulations in the export of unidentified cargo. The government has condemned the arrest accusing Congo of 'acting in bad faith'.

By Macharia Kamau 4 months ago

Arrest of two KQ staff by Congo military sparks diplomatic tiff

Price cuts: Why State could be taking undue credit

Have the policies that the Kenya Kwanza regime put in place in its one-and-a-half years in office lowered the cost of living?

By Macharia Kamau 4 months ago

Price cuts: Why State could be taking undue credit

Kenya Power bets on e-mobility for growth

This is as the firm readies for increased competition following a recent change in the law, allowing competitors into the distribution and retail of electricity.

By Macharia Kamau 4 months ago

Kenya Power bets on e-mobility for growth

Pharmacists want chemists selling prescription drugs to minors punished

PSK has distanced itself from pharmacists that have allegedly been selling prescription drugs to minors.

By Macharia Kamau 4 months ago

Pharmacists want chemists selling prescription drugs to minors punished

Kenya leads global push to raise Sh322tr from climate taxes

President Ruto was among leaders who spearheaded formation of the International Tax Task Force at COP28.

By Macharia Kamau 4 months ago

Kenya leads global push to raise Sh322tr from climate taxes

Kenya's farmers to sell produce at Carrefour outlets in other countries

Carrefour is implementing a programme that will help local farmers export produce to countries where it has operations.

By Macharia Kamau 5 months ago

Kenya's farmers to sell produce at Carrefour outlets in other countries

New players crash Africa's carbon credits mega party

Despite the enormous potential, Kenya and other African countries have been missing out on carbon credits markets.

By Macharia Kamau 5 months ago

New players crash Africa's carbon credits mega party

Small-scale gas suppliers worry over centralised imports plan

Epra last week said it is looking into the possibility of restricting LPG imports and would only allow importation through the Open Tender System.

By Macharia Kamau 5 months ago

Small-scale gas suppliers worry over centralised imports plan

Diesel, kerosene prices drop by biggest margin in latest review

The cost of diesel reduced by a big margin of Sh10, and will for the next one month retail at Sh180.38 a litre in Nairobi.

By Macharia Kamau 5 months ago

Diesel, kerosene prices drop by biggest margin in latest review

TikTok takes fight to block Kenya ban to Parliament

Platform's top officials tell House committee ban would infringe on Kenyans' constitutional rights. Petitioner wants it banned for allegedly promoting violence and explicit sexual content.

By Macharia Kamau 5 months ago

TikTok takes fight to block Kenya ban to Parliament

Board deals Chinese firm blow in Sh1b KenGen tender

Procurement watchdog has rejected Sinopec's bid to stop the re-advertising of a tender to enhance KenGen's Olkaria geothermal fields.

By Macharia Kamau 5 months ago

Board deals Chinese firm blow in Sh1b KenGen tender

State mulls blocking Dar gas imports on safety concerns

Epra plans to review the law and restrict the importation of Liquified Petroleum Gas (LPG) through the Open Tender System (OTS).

By Macharia Kamau 5 months ago

State mulls blocking Dar gas imports on safety concerns

KeNHA accuses transporter of breaching cargo height rule

The firm's trucks have been stuck at the Coast for more than a week loaded with cargo destined for Uganda, which it says has caused losses for both the company and its client.

By Macharia Kamau 5 months ago

KeNHA accuses transporter of breaching cargo height rule

How Kenyans coped with high living costs, rising energy prices

Kenyans reduced their consumption of petroleum products as they coped with the higher cost of fuel while defaulting on payment of their electricity bills.

By Macharia Kamau 5 months ago

How Kenyans coped with high living costs, rising energy prices

Murkomen supports local airlines, opposes open skies policy

The government says it will not yield to pressure to liberalise Kenyan skies and give foreign carriers easy access to different airports within the country.

By Macharia Kamau 5 months ago

Murkomen supports local airlines, opposes open skies policy

Civil servants face the axe as Ruto plays to the tunes of IMF

Analysts say Ruto's target on parastatals could be a way of deepening IMF's backed reforms this time restructuring government entities.

By Macharia Kamau 5 months ago

Civil servants face the axe as Ruto plays to the tunes of IMF

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