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Pump prices unchanged as State ups subsidy
Without the subsidy, motorists would have paid Sh214.03 per litre of super petrol. Intervention has enabled Kenyans save over Sh100 billion on fuel costs but faces an uncertain future.
By Macharia Kamau 4 days ago
Pump prices unchanged as State ups subsidy
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French and German agencies buy minority stake in Naivas
Development institutions will take up stake owned by private equity firm Amethis. Supermarket chain is expanding rapidly with more than 80 stores so far.
By Macharia Kamau 5 days ago
French and German agencies buy minority stake in Naivas
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Ethiopia's GERD turbines start spinning as Kenya ready to buy power
Kenya will start importing electricity from the neighbouring country in November with an initial 200MW.
By Macharia Kamau 6 days ago
Ethiopia's GERD turbines start spinning as Kenya ready to buy power
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Shake up in Kenya's logistics scene as MSC, Bollor seek approval for Sh695b deal
Deal will see the multinational emerge as a major player in Kenya's logistics and shipping sector. The firm is also set to run the second container terminal at the Port of Mombasa.
By Macharia Kamau 6 days ago
Shake up in Kenya's logistics scene as MSC, Bollor seek approval for Sh695b deal
Lapfund to invest Sh10b in Nakuru mall
The fund said the investment will enable it tap into the expected growth of Kenya’s newest city.
By Macharia Kamau 7 days ago
Lapfund to invest Sh10b in Nakuru mall
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CA wants telcos to answer customer calls in less than 20 seconds
CA says the guidelines are aimed at holding service providers to certain minimum standards in safeguarding consumers interest, which is provided for by the law.
By Macharia Kamau 8 days ago
CA wants telcos to answer customer calls in less than 20 seconds
State plans to electrify a million homes annually over ten years
A booming population and high power demand from industries have led to new electricity goals. Kenya’s per capita power consumption compares poorly to other countries in Sub-Saharan Africa.
By Macharia Kamau 10 days ago
State plans to electrify a million homes annually over ten years
Banks pay Sh129b in taxes as economy rebounds from pandemic
Corporate tax paid by Kenyan banks increased 13.15 per cent - from Sh43.73 billion in 2020 to Sh49.48 billion in 2021.
By Macharia Kamau 15 days ago
Banks pay Sh129b in taxes as economy rebounds from pandemic
Tullow looks to India to rescue Kenya oil dream
Tullow said while it is yet to decide on the stake, it will cede to the new firms, it would be a “material stake.”
By Macharia Kamau 15 days ago
Tullow looks to India to rescue Kenya oil dream
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A dream deferred: How Tullow woes, Covid derailed Jubilee oil export plan
A decade later, and with the Jubilee administration now on its way out, the country is still exploring how to become an oil exporter.
By Macharia Kamau 16 days ago
A dream deferred: How Tullow woes, Covid derailed Jubilee oil export plan
GDC seeks new revenue streams with geothermal spa
GDC has identified several resource parks where various investments will be located.
By Macharia Kamau 18 days ago
GDC seeks new revenue streams with geothermal spa
John Ngumi replaces Michael Joseph at Safaricom
Joseph is stepping down as chair to focus more on Safaricom’s operations in Ethiopia as well on the revival of Kenya Airways (KQ).
By Macharia Kamau 20 days ago
John Ngumi replaces Michael Joseph at Safaricom
Imports of cheaper power from Ethiopia to start in November
The Power Purchase Agreement (PPA) was signed Tuesday during the launch of KenGen’s 83MW power plant at Olkaria in Naivasha.
By Macharia Kamau 21 days ago
Imports of cheaper power from Ethiopia to start in November
EABL doubles profit after lifting of Covid-19 curbs
The company’s net profit grew 124 per cent in the year to June 2021 to Sh15.57b compared to Sh6.96b previously.
By Macharia Kamau 21 days ago
EABL doubles profit after lifting of Covid-19 curbs
Kenya Power replaces directors who quit in a huf
Kenya Power, however, is still grappling with uncertainties, with its chief executive as well as a number of general managers still in an acting capacity.
By Macharia Kamau 22 days ago
Kenya Power replaces directors who quit in a huf
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Uhuru defends high borrowing record to fund mega projects
President uses his last address to the regional Heads of State Summit to tell off critics. He urges his counterparts not to shy away from taking loans if it means developing their countries.
By Macharia Kamau 26 days ago
Uhuru defends high borrowing record to fund mega projects
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IMF: Why Kenya Power stares at Sh26 billion annual revenue loss
Electricity prices began going down in January but this is set to stop after IMF pressured the government. This reduction is being achieved by making Kenya Power take a big hit.
By Macharia Kamau 27 days ago
IMF: Why Kenya Power stares at Sh26 billion annual revenue loss
Italian oil firm starts biofuel production at Makueni plant
The agri-hub will process castor, croton and cottonseeds to extract vegetable oil.
By Macharia Kamau 29 days ago
Italian oil firm starts biofuel production at Makueni plant
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Treasury to scrap fuel subsidy in next two months, IMF says
The subsidy has cushioned Kenyans from high pump prices since April.
By Macharia Kamau 28 days ago
Treasury to scrap fuel subsidy in next two months, IMF says
Air polluters face Sh4m fine or four-year jail term in new rules
Regulations are meant to improve air quality, especially in urban areas. Air pollution is among the biggest burdens in Kenya’s public health as it causes respiratory diseases.
By Macharia Kamau 1 month ago
Air polluters face Sh4m fine or four-year jail term in new rules
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What jitters? Kenya's economy rolls on amid elections uncertainty
Many businesses appear to be pressing on with their activities three weeks to the elections, a period that in the past has been marked by tension and underinvestment.
By Macharia Kamau 30 days ago
What jitters? Kenya's economy rolls on amid elections uncertainty
Kenya, US to start talks on new trade deal in three months
The countries had been evaluating possibilities of setting up a free trade area (FTA) but negotiations were not concluded before President Joe Biden came into office in January 2021.
By Macharia Kamau 1 month ago
Kenya, US to start talks on new trade deal in three months
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Brace yourself for another fuel price hike
Epra, according to industry sources, is likely to increase pump prices by at least Sh10 at the pump even as the government cushions consumers by about Sh40 per litre through its subsidy.
By Macharia Kamau 1 month ago
Brace yourself for another fuel price hike
Standard Group investments to pay off ahead of target, says CEO
Group CEO Orlando Lyomu yesterday said the business products in the television and radio segments launched in 2019 are already raking in good revenues.
By Macharia Kamau 1 month ago
Standard Group investments to pay off ahead of target, says CEO
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Uhuru's grand projects: Boon or mere white elephants?
The string of mega projects has left in its wake a country saddled with huge debts and a citizenry that's worse off than a decade ago. Were they worth the trouble, then? Time will tell.​
By Macharia Kamau 1 month ago
Uhuru's grand projects: Boon or mere white elephants?
Kenya's plan for region's first carbon exchange back on
The carbon exchange will be among the platforms that define Nifca in its bid to deepen Nairobi as a hub for financial services.
By Macharia Kamau 1 month ago
Kenya's plan for region's first carbon exchange back on
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Uhuru's hits and misses in mega projects
President Uhuru Kenyatta's economic legacy will be defined by the mixed bag of ups and downs of his mega projects
By Macharia Kamau 1 month ago
Uhuru's hits and misses in mega projects
Kenya Power eyes storage plant to reduce thermal use
Kenya Power said it expects to have the first battery storage plant with a capacity of 100 megawatts to be up and running by 2024.
By Macharia Kamau 1 month ago
Kenya Power eyes storage plant to reduce thermal use
Kenya Airways eyes profitability in the next two years
National carrier Kenya Airways expects to get back to profit in 2024.
By Macharia Kamau 1 month ago
Kenya Airways eyes profitability in the next two years
Kenya Power aims to double customers on smart meters
Kenya Power is eyeing the installation of smart meters at the premises of 75,000 small and medium enterprises (SMEs) this financial year.
By Macharia Kamau 1 month ago
Kenya Power aims to double customers on smart meters
Used trucks, buses import ban revs up flagging auto industry
Kenya has stepped up efforts aimed at developing a robust local auto industry by banning the importation of second-hand buses and trucks.
By Macharia Kamau 1 month ago
Used trucks, buses import ban revs up flagging auto industry
Nairobi financial hub eyes to raise Sh230tr by 2030
NIFC, Nairobi Securities Exchange (NSE) and Air Carbon Exchange Group of Singapore also signed an agreement for the set-up of the first carbon exchange in the region.
By Macharia Kamau 1 month ago
Nairobi financial hub eyes to raise Sh230tr by 2030
Unease at Port of Mombasa as Swiss firm secures terminal nod
Comesa watchdog warns the deal lessens competition and might result in job losses. Kenya has for years had plans to cede operations of some port facilities to private sector players.
By Macharia Kamau 1 month ago
Unease at Port of Mombasa as Swiss firm secures terminal nod
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Puzzle as maize imports triple but flour prices skyrocket
A biting shortage has seen Government suspend import duty and levies on maize. This is as a 2kg packet of maize floor price rises to about Sh210, up from Sh129 a year ago.
By Macharia Kamau 1 month ago
Puzzle as maize imports triple but flour prices skyrocket
Comesa watchdog probes Toyota over trade practices
CCC said the agreements between Toyota and its agents in different Comesa markets for the sale of new vehicles and spare parts tie down the agents.
By Macharia Kamau 1 month ago
Comesa watchdog probes Toyota over trade practices
Crisis as nearly half of NSSF staff to retire
Four in ten employees of the National Social Security Fund (NSSF) are about to retire.
By Macharia Kamau 1 month ago
Crisis as nearly half of NSSF staff to retire
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Why Kenya's power sector is in a full time crisis mode
Since the appointment of Ms Yeda in July 2020, alongside another four directors after the exit of yet another four, the board has made headlines for various reasons.
By Macharia Kamau 2 months ago
Why Kenya's power sector is in a full time crisis mode
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It's a roller coaster ride for local vehicle assemblers
Local vehicle assemblers produced 9,989 vehicles in 2021 but can produce 34,000 units over a single shift.
By Macharia Kamau 2 months ago
It's a roller coaster ride for local vehicle assemblers
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Business confidence drops to a new low on inflation, poll jitters
This is the second consecutive month the business environment has deteriorated to record lows. Export demand, however, was more resilient as it grew at the fastest rate in three months.
By Macharia Kamau 2 months ago
Business confidence drops to a new low on inflation, poll jitters
Energy regulator eyes more revenue in new proposals
The Bill says this would only apply if Kenya's electricity grid attained the N-I reliability status, where it can to a certain degree withstand unexpected failure.
By Macharia Kamau 2 months ago
Energy regulator eyes more revenue in new proposals
Strong dollar boosts banks' profits
Business
By Dominic Omondi
1 hr ago
Kakuzi posts 341m profits on export sales
Business
By Frankline Sunday
1 hr ago
US team, clergy push for smooth power handover
National
By Jacob Ng’etich
1 hr ago
Phone mystery in murder of IEBC official
National
By Kamore Maina
1 hr ago