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NEWS & CURRENT AFFAIRS

Digital News

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Macharia Kamau

Airlines join bid to block Adani deal

Local airlines have rejected controversial plans to hand over the Jomo Kenyatta International Airport (JKIA) to India’s Adani Airports Holdings.

Airlines join bid to block Adani deal

Kenyans have four days to give Mbadi views on taxation, debt management

Kenyans have four days to give Mbadi views on taxation, debt management

Questions as Indonesian firm set for energy deal

Questions as Indonesian firm set for energy deal

How rot in police force drives away businesses

How rot in police force drives away businesses

Cost of State emergency loans spikes on higher CBK base rate

Interest rates on the government’s overdraft facility, through which Treasury borrows directly from CBK increased by 87 per cent over the financial year to June 2024

Cost of State emergency loans spikes on higher CBK base rate

Austerity for who? State splurges Sh27b on foreign trips

A new report shows that spending on domestic and foreign travel increased by Sh6.97 to Sh27.34 billion from Sh20.37 billion in the financial year to June 2023.

Austerity for who? State splurges Sh27b on foreign trips

How CBK rate hikes impact Treasury's emergency loans

Treasury paid Sh9.63 billion as interest over the last financial year compared to a charge of Sh5.16 billion in the year to June 2023.

How CBK rate hikes impact Treasury's emergency loans

Madagascar tycoon to buy Zuku parent firm Wananchi Group

Wananchi Group, which owns the Zuku brand, is planning to sell the company to Axian Telecom Fibre of Mauritius.

Madagascar tycoon to buy Zuku parent firm Wananchi Group

Tullow still pursuing strategic partner, says oil plan on course

Tullow Oil is yet to make much headway in its search for a strategic partner, which remains one of the key aspects needed to move Kenya’s oil project forward.

Tullow still pursuing strategic partner, says oil plan on course

How access to credit is boosting tech adoption, earnings for SMEs

KNBS estimates that there are about 7.4 million MSMEs in Kenya that employ over 14.4 million Kenyans across all sectors of the economy.

How access to credit is boosting tech adoption, earnings for SMEs

Local startup taps sports and creative economy with super app

Truly Kenya Ltd aims to create new economic opportunities for the country’s growing youth population, with its sights on the sports and creative economy sectors.

Local startup taps sports and creative economy with super app

State's share sale plan major boon for retail investors

Available figures indicate that retail investors’ participation in the bourse remains low, with domestic and international institutional investors currently the dominant forces.

State's share sale plan major boon for retail investors

Pump prices remain unchanged as Epra retains higher road levy

It is the second consecutive month that Epra has retained the cost of super petrol and diesel at the same levels, halting the reduction in pump prices witnessed for nearly a year.

Pump prices remain unchanged as Epra retains higher road levy

KQ, exporters stare at losses amid protests over Adani deal

Firms exporting fresh produce and other time-bound cargo are staring at huge losses after planes failed to land and take off

KQ, exporters stare at losses amid protests over Adani deal

Technology firm rocks market with new last-mile internet connectivity solution

An American firm is looking to revolutionise the local connectivity market with a new technology that enables businesses and institutions to deploy private cellular networks.

Technology firm rocks market with new last-mile internet connectivity solution

EAPCC in surprise dividend plan after sale of idle land

East African Portland Cement Company has said it will consider paying dividends to shareholders, which will be funded by the sale of idle assets.

EAPCC in surprise dividend plan after sale of idle land

Incessant blackouts: Which way for Kenya's ageing power network?

In the last week, the country experienced two major power outages, crippling not just businesses and households but essential services providers such as hospitals.

Incessant blackouts: Which way for Kenya's ageing power network?

Falling pump prices fail to spur fuel consumption amid tough economic times

The government has been subsidising the cost of petroleum products, which has partly been among the factors driving down pump prices, but this has also been adequate to lift consumption.

Falling pump prices fail to spur fuel consumption amid tough economic times

Rironi-Mau Summit road project snatched from France by China

The Chinese are now poised to develop the Rironi-Mau Summit road, which had been awarded to a consortium of French firms

Rironi-Mau Summit road project snatched from France by China

Standard Group shareholders approve Sh1.5 billion rights issue at annual meeting

The funds are expected to strengthen the media company’s balance sheet to be able to take advantage of emerging digital growth opportunities as part of an ongoing reorganisation.

Standard Group shareholders approve Sh1.5 billion rights issue at annual meeting

Kenya bets big on nuclear as US-Africa energy talks kick-off

Kenya will in September sign a nuclear cooperation agreement with the United States that is expected to firmly set Kenya up on a path to developing nuclear energy for electricity production

Kenya bets big on nuclear as US-Africa energy talks kick-off

Inside the decade-long bruising legal battle for 14 Riverside

The project was designed to be the epitome of high-end construction but contentious dispute involving billions of shillings has seen parties embroiled in court cases, arbitrations and appeals.

Inside the decade-long bruising legal battle for 14 Riverside

State forced to ignore of court orders on taxes to raise revenue

Epra has not reviewed fuel prices, acting contrary to court orders, despite having the legal tools to review prices in case of such developments.

State forced to ignore of court orders on taxes to raise revenue

Wandayi missed chance to lower fuel prices after court order

As the CS, Mr Wandayi would have been among the first people to be briefed, even consulted, about the pump prices before they were made public.

Wandayi missed chance to lower fuel prices after court order

Workers oppose private sector players in power transmission

Workers in the energy sector have opposed the handing over of some electricity transmission lines to private sector players under the public-private partnerships (PPP).

Workers oppose private sector players in power transmission

Kenya Airways posts Sh513m profit after 10-year hiatus

Kenya Airways has been in the red for more than a decade, having last reported a half-year profit of Sh384 million in 2013.

Kenya Airways posts Sh513m profit after 10-year hiatus

Troubled Mobius finds mystery rescuer in boost to local industry

The company says an undisclosed buyer has acquired 100 per cent of the shareholding after it announced closure last week after it failed to get traction in the market.

Troubled Mobius finds mystery rescuer in boost to local industry

KenGen to spend Sh32.2 billion on new geothermal electricity plant

With the addition of 80.3 megawatts, geothermal will overtake hydro on the national grid. The firm accounts for two-thirds of Kenya’s installed electricity-generating capacity.

KenGen to spend Sh32.2 billion on new geothermal electricity plant

Kenyans get raw deal in fuel prices

Epra fails to reduce VAT on fuel despite Appeals court declaring Finance Act 2023 illegal. Halving the tax would have knocked off Sh13 a litre, obeying orders on fuel levy another Sh7

Kenyans get raw deal in fuel prices

Fuel prices remain unchanged as regulator ignores court ruling on VAT

Epra also retained value-added tax on petroleum products at 16 per cent despite the Court of Appeal ruling that the Finance Act, 2023 is unconstitutional.

Fuel prices remain unchanged as regulator ignores court ruling on VAT

KenGen eyes power storage facility to cut costly thermal

KenGen is planning to build a battery energy storage system that will store excess energy from its geothermal power plants in Olkaria to be used when demand goes up.

KenGen eyes power storage facility to cut costly thermal

Mobius Motors collapse casts doubt on the future of local auto industry

Mobius Motors may have also suffered access to capital from investors that has been drying up for companies in developing markets as investors take their money to the US.

Mobius Motors collapse casts doubt on the future of local auto industry

Higher fuel and forex charges expected to push up electricity bills this month

Electricity costs are set to go up this month following upward adjustments in fuel and foreign exchange costs.

Higher fuel and forex charges expected to push up electricity bills this month

Confusion rocks tax payment after ruling on Finance Act 2023

Federation of Kenya Employers says KRA had not adjusted its tax systems to reflect the ruling by the Court of Appeal despite the refusal by the Supreme Court to issue stay orders.

Confusion rocks tax payment after ruling on Finance Act 2023

Turkana oil project to delay further over plan review

Tullow Oil now expects to know the fate of its updated plan to develop the Lokichar oil fields by the end of December this year.

By 2 months ago

Turkana oil project to delay further over plan review

Inside plan to split Kenya Railways and rope in private players

The government plans to open up Kenya’s railway network to different operators and at the same time split Kenya Railways into two entities.

By 2 months ago

Inside plan to split Kenya Railways and rope in private players

Finance Bill 2024: Why Kenyans may not be off the hook just yet

The government could still explore ways of introducing new or additional taxes, levies, and fees through the review of other laws.

By 2 months ago

Finance Bill 2024: Why Kenyans may not be off the hook just yet

Tough options for Ruto after court blow to Finance Act 2023

State argues that it stands to lose Sh164 billion in tax revenues should Act be scrapped. Court decision means cheaper petroleum products, while PAYE for top earners would reduce.

By 2 months ago

Tough options for Ruto after court blow to Finance Act 2023

Nyama Mama: Restaurant's rise, legal battles and uncertain future

Started in 2015, the eatery quickly expanded with its popular contemporary twist on traditional Kenyan dishes before a heavy hit from Covid-19 that led to difficulties in meeting debt obligations.

By 2 months ago

Nyama Mama: Restaurant's rise, legal battles and uncertain future

More headache for Treasury after court finds 2023 Budget unlawful

The government might have to further cut down its spending after the Court of Appeal declared the Finance Act 2023, unconstitutional.

By 2 months ago

More headache for Treasury after court finds 2023 Budget unlawful

Tender controversy hits Westlands NG-CDF school projects

Chaos erupted at the Westlands Constituency Development Fund (CDF) office on Wednesday as contractors raised concerns over the dilution of tender requirements.

By 2 months ago

Tender controversy hits Westlands NG-CDF school projects

Opiyo Wandayi faces energy sector cartels he blamed for high cost of power

Wandayi who has been nominated for the post of CS Energy and Petroleum in March last year said in Parliament that the problem with Kenya’s energy sector is that it is infested by cartels.

By 2 months ago

Opiyo Wandayi faces energy sector cartels he blamed for high cost of power

TotalEnergies targets low income households with metred gas cylinders

The firm has partnered with M-Gas, which will provide pay-as-you-cook smart metres installed on TotalEnergies’ LPG cylinders

By 2 months ago

TotalEnergies targets low income households with metred gas cylinders

Kenya and Uganda ready to build the Eldoret-Kampala oil pipeline

Senior officials from the two countries held talks last week, setting the stage for the pipeline that is expected to ensure the supply and security of petroleum products in Uganda.

By 2 months ago

Kenya and Uganda ready to build the Eldoret-Kampala oil pipeline

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