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NEWS & CURRENT AFFAIRS

Digital News

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Macharia Kamau

Why Kenya is graveyard for industries and big companies

Economists say high tax rates, poor infrastructure and high cost of power are among factors that have seen companies shun Kenya.

By Brian Ngugi and Macharia Kamau 1 month ago

Why Kenya is graveyard for industries and big companies

'Broke' government living large: Ruto adds Sh3tr to public debt

'Broke' government living large: Ruto adds Sh3tr to public debt

By Benjamin Imende and Macharia Kamau 2 months ago

Cost of living eases on a drop in food prices

Cost of living eases on a drop in food prices

By Graham Kajilwa and Macharia Kamau 3 months ago

Blackouts: Ruto cracks the whip

Blackouts: Ruto cracks the whip

By Edwin Nyarangi and Macharia Kamau 4 months ago

State mulls new Kenya Power unit amid board shakeup plan

The creation of a Super Energy Service Company within the firm is being financed by the African Development Bank. It is part of the reforms introduced by the Kenya Kwanza administration.

By Brian Ngugi and Macharia Kamau 5 months ago

State mulls new Kenya Power unit amid board shakeup plan

President says bottom-up economic model bearing fruit

President William Ruto said he took control of the country when its economy was facing external shocks, fiscal distress courtesy of the debt burden and structural imbalance.

By Graham Kajilwa and Macharia Kamau 5 months ago

President says bottom-up economic model bearing fruit

Layoffs: How employers are coping with high cost of labour

The current situation is deteriorating, as the government has implemented new taxes that have resulted in increased labour expenses.

By Brian Ngugi and Macharia Kamau 6 months ago

Layoffs: How employers are coping with high cost of labour

Kenyans staring down the barrel as cost of fuel hits all-time high

Super petrol will now retail at Sh217.12 per litre in Nairobi, an increase of Sh5.72. Government says it tapped into petroleum development levy to cushion consumers.

By Emmanuel Kipchumba, Macharia Kamau and Harold Odhiambo 6 months ago

Kenyans staring down the barrel as cost of fuel hits all-time high

Ruto moneymen, advisors in eye of a storm as cost of living crisis rages

Kenya's inflation rose marginally in September after all sectors recorded a general increase in prices, the Kenya National Bureau of Statistics (KNBS) said on Friday.

By Brian Ngugi and Macharia Kamau 6 months ago

Ruto moneymen, advisors in eye of a storm as cost of living crisis rages

Governors splash Sh195b on perks amid economic crisis

Ironically, county bosses allocated only Sh97.98 billion to development expenditure. Expenses were processed through the manual payroll, raising concerns about the possibility of graft.

By Brian Ngugi and Macharia Kamau 6 months ago

Governors splash Sh195b on perks amid economic crisis

National Oil to unveil strategic investor in Sh5b revamp deal

Conclusion of pact is expected to enable State-owned oil marketer to exercise its right to import a third of petroleum products for the country.

By Jacob Ng'etich and Macharia Kamau 6 months ago

National Oil to unveil strategic investor in Sh5b revamp deal

City traffic jam thins as fears of recession mount over fuel prices

Data from Kenya National Bureau of Statistics (KNBS) shows that diesel consumption over the first four months of this year declined 6.8 per cent.

By Brian Ngugi and Macharia Kamau 7 months ago

City traffic jam thins as fears of recession mount over fuel prices

Record high fuel prices to worsen cost of living for Kenyans

Government's withdrawal of subsidies among factors that have led to the sharp increase in pump prices with low-income households being forced to reduce their shopping baskets.

By Brian Ngugi and Macharia Kamau 7 months ago

Record high fuel prices to worsen cost of living for Kenyans

Bill seeks more transparency in deals between Kenya Power, IPPs

If the Bill is passed into law, Kenya Power will be required to publish the register on its website and annual audit reports, an action that will be conducted 90 days after it is enacted.

By Brian Otieno and Macharia Kamau 7 months ago

Bill seeks more transparency in deals between Kenya Power, IPPs

Jitters as El Nino threatens fresh blow to already bruised economy

El Nino, a climate pattern in the Pacific Ocean affects weather and will likely contribute to heavy rainfall and potential flooding across the country.

By Brian Ngugi and Macharia Kamau 7 months ago

Jitters as El Nino threatens fresh blow to already bruised economy

Jaswant Rai: The tycoon whose family runs sugar empire

The kidnapping of sugar and cement billionaire Jaswant Rai in a mafia-style crime in Nairobi has turned the spotlight on the tycoon's family, which has built a business empires.

By Brian Ngugi and Macharia Kamau 7 months ago

Jaswant Rai: The tycoon whose family runs sugar empire

Businesses suffer huge losses as country plunges into darkness

At least three infants in incubators in a hospital in Central Kenya were reported to have died. Airplanes could not take off or land at Jomo Kenyatta International Airport for many hours.

By Brian Ngugi and Macharia Kamau 7 months ago

Businesses suffer huge losses as country plunges into darkness

Why stubborn shilling is ruining Ruto's economic recovery dream

Kenya is confronting a currency crisis involving the steep decline in the value of the shilling, which is causing negative ripple effects throughout the economy.

By Brian Ngugi and Macharia Kamau 8 months ago

Why stubborn shilling is ruining Ruto's economic recovery dream

Demos: Employers and tourism players call for political truce

The employers' lobby noted that companies are losing billions of shillings daily not only in lost manpower and productivity but also through disruption to business activities.

By Brian Ngugi and Macharia Kamau 9 months ago

Demos: Employers and tourism players call for political truce

Return of mass action spooks business activity in key towns

The assent of the Finance Act 2023 - which has seen a hike in taxes on fuel - has emboldened the opposition. Traders fear any sustained unrest that will disrupt business activities.

By Brian Ngugi and Macharia Kamau 9 months ago

Return of mass action spooks business activity in key towns

Ndung'u defends tax pain, seeks your help to lift up the hustlers

Treasury CS Njuguna Ndungu, while presenting the Budget Statement to Parliament yesterday, defended the road map that also includes a mix of new controversial proposed taxes on various sectors.

By Brian Ngugi and Macharia Kamau 10 months ago

Ndung'u defends tax pain, seeks your help to lift up the hustlers

Ndung'u walks tight rope in bid to finance Sh3.6 trillion budget

Treasury needs tax revenue to spur the economy amid cries of the high cost of living. The government has indicated it could back down on some proposals in Finance Bill 2023.

By Brian Ngugi and Macharia Kamau 10 months ago

Ndung'u walks tight rope in bid to finance Sh3.6 trillion budget

CBK nominee backs housing levy and merger of local banks

The former IMF economist, drawing comparisons from countries such as Singapore which implemented a similar programme 50 years ago, urged Kenyans to look at the bigger picture.

By Josphat Thiongo and Macharia Kamau 10 months ago

CBK nominee backs housing levy and merger of local banks

Another setback for Turkana oil project as key partners exit

British oil producer Tullow Oil said on Tuesday the two minority partners of its licences in the Turkana project have withdrawn from the oil blocks in the South Lokichar Basin.

By Brian Ngugi and Macharia Kamau 11 months ago

Another setback for Turkana oil project as key partners exit

John Ngumi: I was paid Sh400m because I'm smart

The ally of former President Uhuru Kenyatta on Wednesday revealed that he was paid Sh400 million ($3.7 million), which was compensation for his expertise.

By Jacob Ng'etich and Macharia Kamau 1 year ago

John Ngumi: I was paid Sh400m because I'm smart

'We are losing Sh3 billion on protest days, investors lament

Hard hit areas are Nairobi and Kisumu cities as well as the neighbouring towns. Looking at similar protests in the past, economists say the economy could take a big hit if they go on.

By Brian Ngugi and Macharia Kamau 1 year ago

'We are losing Sh3 billion on protest days, investors lament

Fear of fuel crisis as dollar shortage bites

The shortage had been building up since last week as the marketers sought to access fuel stored at the Kenya Pipeline Company's (KPC) depots across the country.

By Henry Githaiga and Macharia Kamau 1 year ago

Fear of fuel crisis as dollar shortage bites

Tactical retreat? State back-pedals on tax, subsidy plans amid public outcry

President William Ruto's Kenya Kwanza administration faces the dilemma of trying to reduce the cost of living amid strained public finances and the need for long-term economic reforms.

By Brian Ngugi and Macharia Kamau 1 year ago

Tactical retreat? State back-pedals on tax, subsidy plans amid public outcry

Ruto's Sh26b cheap power dilemma as cost of living crisis rages

IMF cautioned the state against further cuts in power prices unless backed by a verifiable reduction in costs within the sector

By Brian Ngugi and Macharia Kamau 1 year ago

Ruto's Sh26b cheap power dilemma as cost of living crisis rages

Nearly half of Hustler Fund borrowers are yet to repay

Defaulters of the Hustlers fund risk higher interests as well as the freezing of their accounts.

By Brian Ngugi and Macharia Kamau 1 year ago

Nearly half of Hustler Fund borrowers are yet to repay

William Ruto's hustler loans takes shape, to be pegged on savings

Kenyans will be required to make regular savings to access the much awaited Hustler Fund to help small and micro enterprises access affordable capital.

By Brian Ngugi and Macharia Kamau 1 year ago

William Ruto's hustler loans takes shape, to be pegged on savings

MP files petition querying Kenya Power deal with electricity firm

In sharp focus are billions paid to Lake Turkana Wind Power firm for electricity not utilised. Matter is to be tabled before the House Business Committee for allotment.

By Jacob Ng'etich and Macharia Kamau 1 year ago

MP files petition querying Kenya Power deal with electricity firm

Kenya oil plan back on track as firms set to seal sale deal

Tullow Oil is the current operator of the project with a 50 per cent stake, while partners Africa Oil Corporation and French Total Energies SE hold 25 per cent each.

By Brian Ngugi and Macharia Kamau 1 year ago

Kenya oil plan back on track as firms set to seal sale deal

How 2022 contest in the Mountain is similar to that of 2002 election

The August 9 electoral contest in Mt Kenya region has striking similarities to the 2002 election.

By Dominic Omondi and Macharia Kamau 1 year ago

How 2022 contest in the Mountain is similar to that of 2002 election

Uhuru makes pitch for Raila's election with Sh16b fuel subsidy

The fuel subsidy has evolved to become a campaign tool for President Uhuru Kenyatta as he pitches for Raila Odinga.

By Dominic Omondi and Macharia Kamau 1 year ago

Uhuru makes pitch for Raila's election with Sh16b fuel subsidy

Kisumu bus park will be ready in July, says county official

The plan also includes establishing new matatu routes which are part of the county government's efforts to restore order in the public transport sector.

By Sharon Owino, Macharia Kamau and Dominic Omondi 1 year ago

Kisumu bus park will be ready in July, says county official

M-Pesa profile in Safaricom rises as voice revenue stutters

M-Pesa accounts for 38.3 per cent of Safaricom service revenue and dominant in payments eco-system. On the other hand, revenues from voice and messaging have been declining.

By Patrick Alushula, Macharia Kamau 1 year ago

Persons that will shape the economy in 2022

This list includes a Cabinet Secretary, technocrats, regulators and CEOs of some of the country’s blue-chip companies.

By Dominic Omondi and Macharia Kamau 2 years ago

Persons that will shape the economy in 2022

Bharti’s loans strategy bleeds Airtel Kenya dry

More than 11 years since Bharti Airtel purchased Zain and rebranded to Airtel Kenya, the dynamics of the country’s telecommunications market changed.

By Frankline Sunday and Macharia Kamau 2 years ago

Bharti’s loans strategy bleeds Airtel Kenya dry

Failed Airtel Kenya and Telkom merger leaves telcos limping

Airtel Kenya made losses of Sh5.9 billion for the year ended December 31, 2020, more than double the Sh2.7 billion reported in the previous year.

By Frankline Sunday and Macharia Kamau 2 years ago

Failed Airtel Kenya and Telkom merger leaves telcos limping

Rubber meets the road as Nairobi Expressway tests PPP model

After several false starts, Kenya can now showcase the potential of the public-private partnership set-up with the country’s most expensive road.

By Frankline Sunday and Macharia Kamau 2 years ago

Rubber meets the road as Nairobi Expressway tests PPP model

Yatani goes after digital lenders with licence plan

Treasury eyes exorbitant interest rates charged by firms as number of borrowers grows.

By Awal Mohammed and Macharia Kamau 2 years ago

Yatani goes after digital lenders with licence plan

Shot in the arm for farmers as Munya sets minimum milk price

Kenya Dairy Board to conduct frequent studies to inform biannual reviews as buyers to pay Sh33 per litre in new regulations to spur dairy sector

By Dr Paul Kangethe and Macharia Kamau 3 years ago

Shot in the arm for farmers as Munya sets minimum milk price

Australia sets the pace in taming tech firms, will Kenya follow suit?

However, others argue that the individual cases in other countries cannot be adopted as a standard for Kenya’s policy formulation.

By Frankline Sunday and Macharia Kamau 3 years ago

Australia sets the pace in taming tech firms, will Kenya follow suit?

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