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Land row, public participation concerns cloud refinery project

Dangote’s Sh2.2 trillion Lamu refinery faces land, compensation, public participation, environmental approval and court challenges that have derailed previous major projects in the region.

By Macharia Kamau 9 days ago

How Dangote refinery will reverse manufacturing sector's declining fortunes, prop up Lamu economy

The proposed Dangote-backed Lamu refinery is being touted as a potential driver of Kenya’s manufacturing sector and Lamu’s economy, with projections of increased GDP contribution.

By Macharia Kamau 8 days ago

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From legal concerns to regional fragmentation: Why Dangote refinery project risks straining EAC unity

The Sh2 trillion Lamu refinery project is proceeding amid regional energy rivalries, concerns over imported crude and protests over land and compensation.

By Macharia Kamau 10 days ago

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Ruto's UN reform push faces scrutiny

President William Ruto used his address to the United Nations General Assembly to demand greater African representation in global governance and a fairer international financial system.

By Macharia Kamau 15 days ago

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Menengai geothermal plants deliver 70MW to Kenya's grid

Menengai’s two new geothermal plants have started supplying 70MW to Kenya’s national grid after nearly a decade of delays, boosting generation capacity and grid stability.

By Macharia Kamau 16 days ago

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Museveni: The master of double speak on Kenya G-to-G fuel deal

Museveni softened his criticism of Kenya’s G-to-G fuel deal, but Uganda’s shift to direct imports highlights persistent supply, pricing and infrastructure concerns between the two countries.

By Macharia Kamau 17 days ago

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How G-to-G fuel deal sullied relations with Uganda

Since Kenya started importing petroleum products under the government-to-government deal, the deal has been under great scrutiny locally,

By Macharia Kamau 19 days ago

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Treasury faces Sh245b refund bill in bungled Safaricom shares sale

Kenya’s Sh245 billion Safaricom stake sale to Vodacom has been declared null and void by the High Court, with the State ordered to restore the 15 per cent stake.

By Macharia Kamau 23 days ago

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Inside US, China battle for control of Sh8tr Mrima Hill minerals

There is growing US-China competition over Kenya’s critical mineral resources, particularly the significant niobium and rare earth deposits at Mrima Hills.

By Macharia Kamau 25 days ago

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Ruto's Tata Chemicals tantrum spooks investors ahead of polls

President William Ruto's on-again, off-again order for Tata Chemicals to "pack up and leave" Kenya has left investors spooked

By Macharia Kamau 27 days ago

South African firm targets new East African markets after Makini school takeover

The regional push is part of Advtech's broader growth trajectory in East Africa, driven by steady enrollment numbers across its existing campuses.

By Macharia Kamau 1 month ago

KenGen cuts dividend by 16pc per share as profit stagnates

KenGen has reduced dividends to shareholders by 16.67 per cent to 75 cents per share over the financial year to June 2026, from 90 cents the previous year, after reporting a marginal drop in earnings.

By Macharia Kamau 1 month ago

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Kenya's eyes 2027 crude oil export as KPRL facility upgrade gathers pace

KPC expects some of the works to be completed by November, ready to start receiving crude oil from the Turkana oil fields.

By Macharia Kamau 1 month ago

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Kenyan households grapple with shortages, high cost of food

Kenyan households are being forced to spend more on basic foods while buying less as shortages of milk, vegetables, meat and eggs spread across

By Macharia Kamau 1 month ago

Kenya Airways acting CEO quits

Kenya Airways acting CEO George Kamal has resigned for personal reasons, with Habil Waswani appointed in an acting capacity as the airline searches for a substantive CEO amid widening losses.

By Macharia Kamau 1 month ago

Investment fund crosses Sh20b mark after 77pc growth

Madison Investment Managers’ unit trust funds grew 77 per cent to Sh20.55 billion, while profitability rose 48 per cent as the firm expands its digital and investment capabilities.

By Macharia Kamau 1 month ago

New strategy to monetise African demographic explosion

Nairobi-based Woodside Africa Group has launched a 15-year strategy to integrate one million young Africans into high-growth sectors.

By Macharia Kamau 1 month ago

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Inside KQ' bid to stop a decade-long financial haemorrhage

Kenya Airways is eyeing a turnaround through a mix of strategies that diversify its revenue streams, with cargo seen as among the lucrative but untapped growth areas.

By Macharia Kamau 1 month ago

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Another emergency fuel cargo imported as airlines brace for higher fuel costs

Kenya has imported another emergency fuel cargo to avert a possible jet fuel shortage during the final week of August, according to documents from the Ministry of Energy and Petroleum.

By Macharia Kamau 1 month ago

Kakuzi profits plunge amid Midle East war

Kakuzi has reported a massive 97.6 per cent drop in net profit, with the firm citing disruption of key routes to its export markets due to the ongoing US-Iran war as a major reason behind its losses.

By Macharia Kamau 1 month ago

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KQ losses widen to Sh16.1b on rising fuel costs

Kenya Airways’ half-year loss widened to Sh16.1 billion in 2026 as fuel costs surged 66 per cent and aircraft remained grounded by global shortages of engines and spare parts.

By Macharia Kamau 1 month ago

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State faces renewed push to lower lucrative petroleum taxes

There is a renewed push for the review of the country’s tax regime on petroleum products that could offer reprieve for Kenyans who are currently grappling with the high cost of fuel.

By Macharia Kamau 1 month ago

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How Sony Sugar's 4,000-acre auction puts to test Ruto's Sh117b write-off pledge

The Cooperative Bank is preparing to auction 4,000-acre land owned by Sony Sugar after a 40-day notice to the sugar miller to pay an outstanding debt lapsed last week.

By Macharia Kamau 1 month ago

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How disputed oil cargo threw KRA into a spin over Sh5.1b tax bill

Kenya’s tax authorities are dealing with Sh5.1 billion in taxes paid on the rejected MT Paloma fuel cargo after it failed to meet local quality standards and was barred from the Kenyan market.

By Macharia Kamau 1 month ago

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KQ sounds profit warning as fuel bill grows 72pc on Iran war

The airline said the crisis in the Gulf has had the effect of increasing its fuel costs by 72 per cent over the first half of this year.

By Macharia Kamau 1 month ago

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More pain at the pump as Epra hikes oil firms' margins by Sh7

Epra has increased the margins for oil marketing companies (OMCs) in the latest pump price review, putting more pressure on consumers, already grappling with the high cost of fuel.

By Macharia Kamau 1 month ago

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Why ex-energy chiefs are not yet off the hook

Senior government officials who came under fire and some lost their jobs on allegations of importation of substandard petroleum products into the country may not be off the hook yet.

By Macharia Kamau 1 month ago

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Wachinga's court fight reopens Kenya Re's history of boardroom wrangles

The Kenya Re CEO claims a plan has been hatched to unceremoniously kick him out of office, reigniting the never-ending boardroom wars that have dogged the State-owned reinsurer.

By Macharia Kamau 2 months ago

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Kenya's infrastructure boom faces costly maintenance crisis

The signs of neglect range from leaking terminal roofs at JKIA and the Mombasa Road and Uhuru Highway that remain in a deplorable state after construction of the Nairobi Expressway

By Macharia Kamau 2 months ago

South African education firm's dual bet in Kenya growth strategy

Kenya has become one of Advtech's key growth markets outside South Africa, with the group saying demand for both curricula is underpinning its expansion

By Macharia Kamau 2 months ago

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Borrowing spree: How expensive loans have pushed debt servicing to Sh862b

The National Treasury departed from the approved Medium-Term Debt Management Strategy by significantly increasing domestic borrowing without parliamentary approval.

By Macharia Kamau 2 months ago

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How Lapfund's mega development redefines Nairobi, tests infrastructure

Nairobi's South C neighbourhood is transforming through the Lapfund Bellevue housing development, one of the city's largest mixed-use residential projects.

By Macharia Kamau 2 months ago

Petition filed for ouster of Kenya Re chief

Last year, Kenya Re's Chief Executive had been suspended over disagreements with management and the board over staff reviews and dismissals.

By Macharia Kamau 2 months ago

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How Treasury diverted Sh30 billion Eurobond money to cover domestic debt

The National Treasury is under the spotlight for diverting Sh30 billion that had been borrowed through issuance of a Eurobond last year to cover shortfalls in domestic borrowing.

By Macharia Kamau 2 months ago

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Asharami to breakground on KPRL, gas terminal in October

Nigeria’s Asharami Synergy is set to start construction of the 30,000 metric tonne cooking gas storage facility at Kenya Petroleum Refineries Limited in Changamwe in October.

By Macharia Kamau 2 months ago

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State repeating costly errors of secrecy, debts in SGR extension to Malaba

Despite the heavy debt burden and public criticism of the Standard Gauge Railway, the government could be repeating the errors with the Sh700 billion SGR extension to Kisumu and Malaba.

By Macharia Kamau 2 months ago

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Eviction looms for Athi River squatters as August 15 deadline nears

The East African Portland Cement Company (EAPC) has given squatters living on its vast tracts of land in Athi River until July 28 to regularise and pay the firm by August 15 or risk eviction.

By Macharia Kamau 2 months ago

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State extends fuel VAT relief

Wandayi said that every scheduled cargo had arrived and had been uploaded on time, and oil has remained available at the pump throughout the country.

By Macharia Kamau 2 months ago

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County workers' pension at risk in Sh2 billion Lapfund real estate mess

The Auditor General has flagged irregular contract changes and project delays that risk the loss of Sh2 billion at the Local Authorities Provident Fund (Lapfund).

By Macharia Kamau 2 months ago

Amaco loses grip on matatu insurance market as Directline bounces back

Matatu owners are increasingly ditching African Merchant Assurance (Amaco), eroding the insurer's once dominant position in insuring Kenya's public service vehicles.

By Macharia Kamau 2 months ago