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Blackouts: Ruto cracks the whip
President says frequent blackouts were hurting Kenya as an investment destination. He says government has secured Sh37.5 billion funding from AfDB to build the Bomet-Narok line.
By Edwin Nyarangi and Macharia Kamau 3 months ago
Blackouts: Ruto cracks the whip
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Puzzle of why Epra's keeping fuel costs high as global prices plunge
Petrol in Rwanda and Tanzania costs about Sh200 due to falling international prices. Epra will on December 14 announce prices for the December-January cycle.
By Macharia Kamau 3 months ago
Puzzle of why Epra's keeping fuel costs high as global prices plunge
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Illegal molasses exports surge as local distilleries are left high and dry
Players say the molasses, which is finding its way to Uganda, is processed into ethanol that is then illegally imported to Kenya.
By Macharia Kamau 3 months ago
Illegal molasses exports surge as local distilleries are left high and dry
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How Chirchir plans to prevent outages with power rationing
Energy Cabinet Secretary Davis Chirchir blamed the latest outage on an overload in one of the key lines that feeds power to western Kenya.
By Macharia Kamau 3 months ago
How Chirchir plans to prevent outages with power rationing
Plan to set up nuclear research facility at Konza City kicks off
Project by the Nuclear Power and Energy Agency set to benefit various sectors. The facility is expected to be completed by 2030, while a nuclear power plant will be operational in 2034.
By Macharia Kamau 3 months ago
Plan to set up nuclear research facility at Konza City kicks off
Study: Most tourists visiting Kenya are Africans
A new survey shows Africa has emerged as a strong tourist source market for Kenya, surging ahead of Europe, over the last four years.
By Macharia Kamau 3 months ago
Study: Most tourists visiting Kenya are Africans
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Sale of State firms could net Sh110 billion
The planned sale of State-owned entities could generate as much as Sh110 billion over the next four years, which the government expects will help to finance the budget.
By Macharia Kamau 3 months ago
Sale of State firms could net Sh110 billion
Job losses rise to decade high as private sector output falls
Layoffs rose to the highest in about 10 years in November as companies tried to contain the cost of operations in the face of reduced demand from consumers.
By Macharia Kamau 3 months ago
Job losses rise to decade high as private sector output falls
Wind, solar power plants in the spotlight over electricity stability
Kenya has in the last five years seen an increase in solar and wind power plants but to nature, the plants tend to be affected by cloud cover, reduced wind speeds and rainfall.
By Macharia Kamau 3 months ago
Wind, solar power plants in the spotlight over electricity stability
Involve aviation sector in JKIA reforms, pilots tell CS Murkomen
Pilots now say plans to revamp JKIA appear unilateral and may fail to address the challenges that the users of the airport face.
By Macharia Kamau 3 months ago
Involve aviation sector in JKIA reforms, pilots tell CS Murkomen
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Hustler Fund misses promised Sh50b mark
The fund has advanced Sh39.5 billion to over 19 million Kenyans. But low loan amounts and short repayment periods are limiting for many borrowers.
By Macharia Kamau 3 months ago
Hustler Fund misses promised Sh50b mark
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Cost of power to come down as generation from hydro surges
KenGen says it has reduced the amount of costly thermal power being fed into the grid. Since hydropower is cheaper, there will be an effect on power costs for users.
By Macharia Kamau 3 months ago
Cost of power to come down as generation from hydro surges
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Treasury ditches Eurobond for IMF and World Bank loans
Treasury CS Njuguna Ndung'u said the country would instead borrow from multilateral institutions such as the World Bank and the International Monetary Fund (IMF).
By Macharia Kamau 3 months ago
Treasury ditches Eurobond for IMF and World Bank loans
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Costly electricity tariff leaves Kenya Power with Sh35b bills
Kenya Power in its annual report noted that Sh15.89 billion that customers owed over the year to June 2023 was more than three months old.
By Macharia Kamau 3 months ago
Costly electricity tariff leaves Kenya Power with Sh35b bills
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How banks and customers are navigating high-interest rates
The lenders are taking a cue from increasing debt security sales amid concerns that the resulting higher interest rates on bank loans could lower consumer demand for fresh borrowings.
By Macharia Kamau 3 months ago
How banks and customers are navigating high-interest rates
Kenya Power system losses rise to 23pc on meter tender disputes
Loss of electricity during the transmission and distribution process has increased to 23 per cent due to factors such as high rates of theft by customers and tender wars.
By Macharia Kamau 3 months ago
Kenya Power system losses rise to 23pc on meter tender disputes
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Foreign firm yet to be paid Sh1.2b debt despite Ruto's directive
Amount owed to the Spanish company threatens to mar diplomatic relations. Taxpayer stands to lose Sh229 million over failure to discharge President's directive.
By Macharia Kamau 3 months ago
Foreign firm yet to be paid Sh1.2b debt despite Ruto's directive
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 3 months ago
State mulls new Kenya Power unit amid board shakeup plan
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Kenya 'to lose billions in Uganda oil import'
KPC cautions that Tanzania is becoming a cheaper route for transit fuel in the region. Kenyans to pay more if the firm loses its 51 per cent revenue from neighbouring countries.
By Macharia Kamau 3 months ago
Kenya 'to lose billions in Uganda oil import'
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Kenya Power's hot seat: Was former CEO pushed out?
When Bernard Ngugi quit as the boss at Kenya Power in August 2021, unexpectedly, the board explained that he had resigned to pursue other interests.
By Macharia Kamau 3 months ago
Kenya Power's hot seat: Was former CEO pushed out?
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High pump prices defy State's Sh10b spending on subsidies
The government will have spent about Sh10 billion over the five months to December 14 this year, in cushioning Kenyans from the high cost of fuel.
By Macharia Kamau 3 months ago
High pump prices defy State's Sh10b spending on subsidies
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How Treasury ministry abused supreme law provision to tap billions for deals
Treasury allegedly invoked Article 223 to increase allocations to the Petroleum ministry, giving it access to funds that may have been used to finance the Sh17 billion diesel cargo.
By Macharia Kamau 3 months ago
How Treasury ministry abused supreme law provision to tap billions for deals
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The Sh20 billion cheap cooking oil lie
The agency is seeking local manufacturers' input to reprocess the oil, which was imported at Sh20 billion. No deal has been struck yet as consumers grapple with available varieties.
By Macharia Kamau 3 months ago
The Sh20 billion cheap cooking oil lie
Auditor General queries fuel cost charge in electricity bills
Kenya Power said additional charges were a result of variance between computed and applied costs. Gov't implemented a 15 per cent cut in power charges between Jan and Aug 2022.
By Macharia Kamau 4 months ago
Auditor General queries fuel cost charge in electricity bills
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MPs query state officers' oversight role as budget up by Sh187 billion
A Supplementary Budget in October had major changes which may push the government into taking up more debt.
By Macharia Kamau 4 months ago
MPs query state officers' oversight role as budget up by Sh187 billion
Fuel subsidy saves motorists from hike in pump prices
Kenyans have been spared a hike in the cost of fuel over the next one month as the government increased the subsidy on petroleum products.
By Macharia Kamau 4 months ago
Fuel subsidy saves motorists from hike in pump prices
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How taxes on petroleum sustain high pump prices
Kenyans are paying more for fuel compared to their counterparts in other East African countries. A litre of petrol is selling at Sh217.36 in Nairobi, diesel at Sh205.47 and kerosene Sh205.06.
By Macharia Kamau 4 months ago
How taxes on petroleum sustain high pump prices
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Hustler Fund runs out of steam
Borrowers who have built a credit profile cannot borrow and are always advised to try later. Fund has been allocated only Sh5 billion, a 50% reduction from the initial Sh10 billion.
By Macharia Kamau 4 months ago
Hustler Fund runs out of steam
Kenya Power minority shareholders get 4 slots on board
Kenya Power's minority shareholders will elect four directors to represent their interests in the company's board when the power distributor holds its Annual General Meeting next month.
By Macharia Kamau 4 months ago
Kenya Power minority shareholders get 4 slots on board
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 4 months ago
President says bottom-up economic model bearing fruit
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How Kenya's oil import deal has soured trade with Uganda
Uganda is Kenya's largest trading partner, accounting for 11.1 per cent of total exports. Move could also affect petroleum re-exports to South Sudan, Rwanda and parts of DRC
By Macharia Kamau 4 months ago
How Kenya's oil import deal has soured trade with Uganda
Mining reforms excite industry but could fail to ignite rapid growth
The government froze the issuance of new mining and prospecting licenses in November 2019 in what it said was necessitated by the need to clean up and reform the industry.
By Macharia Kamau 4 months ago
Mining reforms excite industry but could fail to ignite rapid growth
Private sector activities fall as production costs hit record high
Around 46 per cent of monitored firms reported that total expenses had increased from September, driven by a further uplift in fuel prices and associated transport costs
By Macharia Kamau 4 months ago
Private sector activities fall as production costs hit record high
Base Titanium to shut Kwale mine next year after deposits depleted
The company said in a statement Wednesday exploration in surrounding areas had failed to identify additional mineral deposits that could ensure the continuation of mining operations.
By Macharia Kamau 4 months ago
Base Titanium to shut Kwale mine next year after deposits depleted
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Revealed: The winners as Shilling continues steep fall against dollar
The value of the Kenyan Shilling is expected to surpass 160 against the dollar, leading to further financial distress for consumers.
By Macharia Kamau and Brian Ngugi 4 months ago
Revealed: The winners as Shilling continues steep fall against dollar
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The great rip off: How coffee agents take farmers for a ride
While it has taken a beating in recent years and registered major declines, coffee is still a significant sector of the Kenyan economy and players contend that it still has potential.
By Macharia Kamau 4 months ago
The great rip off: How coffee agents take farmers for a ride
Tourism lobby protests over 'exclusion'
Tourism sector players have protested over exclusion from government entities that are charged with overseeing the industry.
By Macharia Kamau 4 months ago
Tourism lobby protests over 'exclusion'
KPRL now Kenya Pipeline Company subsidiary after assets handover
Cabinet approved the acquisition by way of share transfer in July this year. KPC plans to utilise vast resources to increase storage capacity for petroleum products.
By Macharia Kamau 4 months ago
KPRL now Kenya Pipeline Company subsidiary after assets handover
KenGen profit jumps 48pc to Sh5b as investments pay off
Massive growth in profits attributed to higher geothermal energy sales in the twelve months of the year to June 30, 2023.
By Macharia Kamau 4 months ago
KenGen profit jumps 48pc to Sh5b as investments pay off
Change.org shocks staff with abrupt closure of office
The US-based company said it has witnessed little brand or growth marketing expertise with the Kenyan office not having enough resources to create a "more powerful product."
By Macharia Kamau 4 months ago
Change.org shocks staff with abrupt closure of office
Ruto signs Affordable Housing Bill into law
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