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Treasury plans to further raid your pockets in next four years
Treasury is considering increasing the VAT rate from the current 16 per cent to 18 per cent as it seeks to harmonise its rate to be at par with those of other countries in the EAC.
By 8 days ago
Treasury plans to further raid your pockets in next four years
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Kenya Power sets eyes on electric fleet but fuel hangover lingers
Firm invites tenders for supply of fossil fuel-powered as well as electric vehicles, says move to green transport will increase electricity sales and reduce operational costs.
By 9 days ago
Kenya Power sets eyes on electric fleet but fuel hangover lingers
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Sakaja's tax wrath on city hustlers
County's Finance Bill proposes new charges for new services including street preachers tax, and Sh10,000 per hour for artists recording at the city parks.
By 10 days ago
Sakaja's tax wrath on city hustlers
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Questions on electric vehicle industry as State pushes uptake
The local automotive sector appears set for a radical shift, with the transition from the fossil fired engine motor vehicles to electric ones gathering momentum.
By 10 days ago
Questions on electric vehicle industry as State pushes uptake
Private sector activity on the up for the first time in seven months
The Stanbic Bank’s Purchasing Managers Index (PMI) shows there was an improvement in the health of the private sector for the first time since January this year.
By 12 days ago
Private sector activity on the up for the first time in seven months
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Manufacturers in court to block new tax curbing cheap imports
KMA says the Exports and Investment Levy will push up their cost of production. The levy, which kicked in on September 1, is meant to protect local clinker, steel and paper producers.
By 13 days ago
Manufacturers in court to block new tax curbing cheap imports
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KQ profit: A story of success or illusion of sunshine?
KQ played up the fact that it had reported an operating profit for the first time in six years, which stood at Sh998 million in the six months to June this year from a loss of Sh5 billion last year.
By 17 days ago
KQ profit: A story of success or illusion of sunshine?
Counties to get Sh7.4b grants for climate action
Counties are set to receive Sh7.387 billion climate resilience investment grants from the Financing Locally-Led Climate Action (FLLoCA) Programme.
By 18 days ago
Counties to get Sh7.4b grants for climate action
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Kenyans brace for impact as the second round of taxes hit home
Among those that will be hit beginning September 1 include players in the country’s digital economy and importers of steel and clinker that is used in the production of cement.
By 20 days ago
Kenyans brace for impact as the second round of taxes hit home
Britam's profit surges by over Sh1b despite economic gloom
Britam records 335 per cent rise in half-year earnings comes after years of corporate restructuring against the backdrop of new accounting standards meant to raise accountability.
By 22 days ago
Britam's profit surges by over Sh1b despite economic gloom
Sugar millers crushed by Sh117 billion debt
Mumias, South Nyanza (Sony), Chemilil, Miwani, Muhoroni and and Nzoia sugar companies currently owe the National Treasury Sh117 billion.
By 22 days ago
Sugar millers crushed by Sh117 billion debt
KQ loss widens to Sh21.7b due to forex, loan costs
KQ said the loss was due to a weak shilling that resulted in high foreign exchange losses as well as increase in the cost of repaying foreign currency-denominated loans.
By 24 days ago
KQ loss widens to Sh21.7b due to forex, loan costs
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Blackout: Who does what in the power distribution chain
While clarity is yet to emerge as to what caused the outage last weekend, other major blackouts have been due to failure by major transmission lines that are owned by Ketraco.
By 23 days ago
Blackout: Who does what in the power distribution chain
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Power outage rekindles debate on compensating consumers
Nandi Senator Samson Cherargei on Saturday said Kenya Power should compensate for loss of lives as well as losses incurred by businesses during the blackout.
By 24 days ago
Power outage rekindles debate on compensating consumers
NCBA profit up 20pc as Family Bank earnings dip to Sh1.4b
NCBA said its earnings from its digital business in Kenya, which includes Fuliza and M-Shwari, dropped to Sh821 million in the first half of this year from Sh1.8 billion over a similar half last year.
By 29 days ago
NCBA profit up 20pc as Family Bank earnings dip to Sh1.4b
State bets on Baringo fields to grow geothermal power
The government will next year competitively select power producers that will build electricity generating plants at the Baringo-Silali geothermal fields.
By 1 month ago
State bets on Baringo fields to grow geothermal power
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One year on, hustlers feeling the heat of Ruto's bottom-up economic model
While analysts agree that subsidies are unsustainable, they argue that the higher taxes might hurt an economy that is yet to recover from the shocks of Covid-19 and the prolonged drought.
By 1 month ago
One year on, hustlers feeling the heat of Ruto's bottom-up economic model
Why going green is the best bet for SMEs
Energy transition is increasingly becoming easy due to the availability of affordable financing, with lenders now looking at the impact that the projects they are funding have on the environment.
By 1 month ago
Why going green is the best bet for SMEs
Sosian plant at Menengai feeds cheap power to national grid
The first power plant built at the geothermal fields of Menengai in Nakuru County started feeding electricity to the national grid last week.
By 1 month ago
Sosian plant at Menengai feeds cheap power to national grid
Consumers reduce super petrol consumption over high costs
The consumption of petrol dropped one per cent over the three months to March compared to a similar period last year, which it attributed to high cost of fuel.
By 1 month ago
Consumers reduce super petrol consumption over high costs
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Why William Ruto's dalliance with Iran might not impress Israel and America
Raisi’s escapades in Africa and Latin America threaten Israeli-American geopolitical interests. By embracing Raisi, Ruto might appear to threaten those interests; not a good idea.
By 1 month ago
Why William Ruto's dalliance with Iran might not impress Israel and America
Fake cigarettes have captured 80pc of our market share, says Mastermind
Cigarette manufacturing company Mastermind Tobacco says it is the biggest loser in the illicit Tobacco trade on the market.
By 1 month ago
Fake cigarettes have captured 80pc of our market share, says Mastermind
Centum raises dividend payout despite posting Sh7 billion loss
The firm, which made a loss of Sh2 billion in the previous year, attributed the poor performance to its real estate subsidiary – Two Rivers Development — which reported a Sh7 billion loss.
By 1 month ago
Centum raises dividend payout despite posting Sh7 billion loss
Cotu: Revoke contracts of rogue power producers
Francis Atwoli said to lower the cost of power, the government should kick out IPPs and instead rely on State agencies such as KenGen for the production of power.
By 1 month ago
Cotu: Revoke contracts of rogue power producers
Minority shareholders of Kenya Power to get slots in the board
Treasury proposes changes in planned restructuring to be completed next year. Company is projected to make a Sh5.5 billion losses in the year ended June 2023.
By 1 month ago
Minority shareholders of Kenya Power to get slots in the board
IRA: Complaints against insurers rise as Monarch tops shame list
Of the 522 complaints that policyholders and insurance beneficiaries reported to IRA, a total of 83 were against Monarch Insurance’s general business.
By 2 months ago
IRA: Complaints against insurers rise as Monarch tops shame list
State silent on Kuria's exclusion from US meet
US Trade Representative Katherine Tai on Thursday met President William Ruto at the State House, and the CS was not part of the officials in the talks.
By 2 months ago
State silent on Kuria's exclusion from US meet
State to revoke 1,500 mining licences issued to 'speculators'
The government has revoked over 1,500 licences held by mining firms that had failed to meet the set conditions.
By 2 months ago
State to revoke 1,500 mining licences issued to 'speculators'
US Trade Representative steers clear of CS Moses Kuria
The United States Trade Representative Katherine Tai confirmed that she has not met with Trade and Investment Cabinet Secretary Moses Kuria during her trip to the country this week.
By 2 months ago
US Trade Representative steers clear of CS Moses Kuria
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Waste of time? The futility of lawmakers' countless probes into rising power bills
Lawmakers have perennially investigated the country’s electricity sector, seeking causes and solutions to the high cost of power. They usually end up on a winding road that leads to nowhere.
By 2 months ago
Waste of time? The futility of lawmakers' countless probes into rising power bills
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Auto dealer slams the brakes on State's vehicle leasing plan
Treasury was in May nearing the conclusion of the tender processes, having selected companies that would supply State entities with vehicles under the leasing programme
By 2 months ago
Auto dealer slams the brakes on State's vehicle leasing plan
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Freeze on Finance Act and high tax targets put KRA in a tight corner
The taxman has a target to collect Sh2.57 trillion over the financial year to June 2024. The year is already off to a rough start following the freeze on the Finance Act 2023.
By 2 months ago
Freeze on Finance Act and high tax targets put KRA in a tight corner
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MPs roast Epra for power tariff hike without their input
Energy Committee casts doubt Epra conducted public participation following high jump in power prices, says it might in future require the agency to first seek Parliament’s approval.
By 2 months ago
MPs roast Epra for power tariff hike without their input
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Why fuel is always a low-hanging fruit for the taxman amid uproar
Every few years, the government finds a way to slap petroleum products with more taxes despite the protests that fuel is overtaxed and higher costs could be detrimental to the economy.
By 2 months ago
Why fuel is always a low-hanging fruit for the taxman amid uproar
NSSF payout to retirees falls 10pc amid rising contributions
The state pension scheme paid out Sh5.4 billion last year down from Sh5.8 billion a year earlier. This is after funds invested in equities reported zero returns during the period.
By 2 months ago
NSSF payout to retirees falls 10pc amid rising contributions
Tea billionaire faces auctioneer's hammer
Auctioneers have given notice that they plan to sell off DL Koisagat Tea Estate in Nandi County as well as a prime property in Mombasa that DL Group uses for handling and packaging tea for export.
By 2 months ago
Tea billionaire faces auctioneer's hammer
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Fuel: Kenyans feel the pinch as their neighbours have an easy ride
A litre of super petrol is currently retailing at about Sh183.58 (1,517 Rwanda Francs) in Kigali. The Finance Act 2023 increased VAT on fuel to 16 per cent from the earlier eight per cent.
By 2 months ago
Fuel: Kenyans feel the pinch as their neighbours have an easy ride
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Payslips to grow thinner as new taxes kick in this month
The housing levy has the biggest impact, reducing the take-home for employees by Sh1,350 with Kenyans feeling overtaxed with the new targets.
By 2 months ago
Payslips to grow thinner as new taxes kick in this month
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Slap exposes ghosts of Kenya Power
Kitui East MP was caught on video reportedly assaulting a Kenya Power staff. Kenyans condemn the violence, but are quick to raise their issues with utility firm.
By 2 months ago
Slap exposes ghosts of Kenya Power
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The true cost of new punitive tax measures on ailing job market
Job creation in Kenya might prove difficult over the coming year as employers move to cushion themselves from new taxes that will see labour costs shoot up by holding off hiring plans.
By 2 months ago
The true cost of new punitive tax measures on ailing job market
TSC pokes holes in Munavu task force's recommendations
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By Kariuki Waihenya
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Northern Kenya SMEs get Sh2b credit boost from USAID
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Succession politics in Mt Kenya dominate Muthoni Kirima burial
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Pressure mounts on Ruto to crack whip on CSs amid internal strife
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Hunt on for woman seen leaving Maigo's home on day he died
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