Firms counter State’s plan to cut off lucrative power deals

IPPs have written to the energy regulator, accusing Kenya Power of dishonesty in citing Covid-19 as the reason for terminating purchase agreements.

By Moses Michira 4 years ago

Equity pulls the plug on plan to buy Atlas Mara

Lender cites uncertainty posed by Covid-19 amid speculation it was holding out for an improved deal

By Moses Michira 4 years ago

State’s appetite for taxes ups pain at the pump for consumers

The sector has over the years been a cash cow for the taxman, with the introduction of a 16 per cent VAT charge on fuel in 2018

By Awal Mohammed and Moses Michira 4 years ago

Kenya under Covid-19 in 100 days

Positive cases continue to rise with the growing number of samples tested, as State aims for 250,000 tests target by end of June.

By Moses Michira 4 years ago

Experts: Budget doesn't do enough

David Ndii, an outspoken economist, said any interventions to support small and medium enterprises (SMEs) would be futile

By Moses Michira 4 years ago

Corona saves defaulters from auctions

Law requires physical presence of bidders but government restrictions do not allow public gatherings.

By Moses Michira 4 years ago

Facebook Pay launches in Brazil, eyes M-Pesa users

Social media giant expands WhatsApp payment services after India trials.

By Moses Michira 5 years ago

Billions lost in another suspected farm scam

In a story whose script sounds familiar, hundreds were promised millions in returns from 'digital farming' that never was

By Moses Michira 5 years ago

‘Easing Covid-19 curbs will bring economy to life’

Chamber of Commerce President Richard Ngatia says reopening should, however, ensure health protocols and guidelines are observed.

By Moses Michira 5 years ago

Yatani gives with left and grabs more with the right

To balance the needs in the seemingly impossible arithmetic, it was easy to see that there were hardly any winners after the one-and-half

By Moses Michira 5 years ago

Tough math as Yatani unveils Budget amid ravaging pandemic

Sectors likely to be hit most include agriculture, manufacturing, education, health, tourism, finance, social work and energy.

By Moses Michira 5 years ago

Brands that Covid-19 ate

Closure of The Norfolk is the clearest pointer to the struggles the hospitality industry is facing as other major brands are also hurting.

By Moses Michira 5 years ago

Things look up for key sectors in Sh53.7b State spending plan

Youth, construction and hospitality among biggest beneficiaries of stimulus package meant to soften Covid-19 blow.

By Moses Michira 5 years ago

Kenya Railways disowns scheme to oust Chinese firm from running SGR

KRC, however, acknowledges the legal advisory seeking to terminate the operations and maintenance contract

By Moses Michira 5 years ago

Registrar gazettes notice to dissolve School of Monetary studies

Central Bank of Kenya published a notice to dissolve its principal training facility- the Kenya School of Monetary Studies Limited.

By Moses Michira 5 years ago

Where are the ill? Riddle of deserted hospital and beds

Government officials have already cited the danger of people dying at home

By Moses Michira 5 years ago

Tanzania accuses Kenya of sabotage

Official also questions reliability of Kenya’s Covid-19 tests at the Namanga border.

By Moses Michira 5 years ago

Corona threatens to cut fabric tying Kenya, Tanzania

President Magufuli has downplayed the impact of the pandemic compared to the rest of the East African region

By Moses Michira 5 years ago

Kabuga ran transport firm living in Nairobi

Kabuga, a wealthy Rwandan, has been on the run since the 1994 genocide

By Moses Michira 5 years ago

Corona: Equity, chamber strike Sh250b loans deal for SMEs

Terms of the loan include a repayment period of three years with single-digit interest rates which are below market rates.

By Moses Michira 5 years ago

We must change tack to survive post-Covid-19, says insurer boss

Jubilee Insurance regional boss opines that insurers are open to negotiations with affected workers to ensure disruptions do not affect validity

By Moses Michira 5 years ago

How Sh6b went down drain in an uphill sewer line

Normally, the city’s sewerage flows downhill, but Athi Water Works Development Agency put up one that goes the other way.

By Moses Michira 5 years ago

Workplaces will never be the same after pandemic

Many firms have been forced back to the drawing board to stay afloat and keep operations running.

By Moses Michira 5 years ago

Small family sizes shrink enrolment in schools

Add to the fact child mortality is highest for the children below five, their numbers are likely to decrease even further.

By Moses Michira 5 years ago

CS Kagwe throws lifeline to thousands of hotel workers

“I think restaurants employs even more people than hotels, so it is a good place to start.”

By Moses Michira 5 years ago

Goldenscape founder to face Sh900m con charge

Detectives say they are following the paper trail of the lost cash.

By Moses Michira 5 years ago

How evicted firm almost conned State of Sh432m

AG sued company in Ruai land saga to recover Sh100 million paid upfront, but no one knows if the full amount was refunded.

By Moses Michira 5 years ago

Man ordered to return Sh1.1b paid for supplying ‘air’ to NYS

It might prove a tall order however, as despite James Thuita receiving the cash in 2017, a few months later his accounts held just Sh41 million.

By Kamau Muthoni and Moses Michira 5 years ago

Ruto owns Ruai land but won’t fight State eviction, says DP’s ally

Osero, his associate, says DP has legitimate title to the property in question and thus no one should lay claim to it.

By Moses Michira 5 years ago

End of party for grabbers in dispute over prime city land

Officers at Easton Park Police Post evicted from 3,000-acre land belonging to the Nairobi City County whose ownership was mired in endless controversy

By Moses Michira 5 years ago

Treasury cuts GDP forecast to 2.5 per cent

It would be the worst year for the country since 2008 when the post-election violence that followed the 2007 presidential polls crippled the economy.

By Moses Michira 5 years ago

Skewed tendering system earns fuel importers bumper pay day

Flawed open tendering system continues to deny Kenyans the benefits of cheaper oil prices at the international markets

By Moses Michira 5 years ago

Uhuru extends grip over Nairobi

Some Sh2.2 billion will be spent on salaries and operations

By Moses Michira 5 years ago

MPs lose Sh2.5b in new Covid-19 spending plan

Treasury further slashes funds for universal healthcare and repayment of foreign debt in revised budget

By Moses Michira 5 years ago

Video: Travellers quarantined at KU protest detention

Riot police have been deployed to stop them from leaving the facility

By Moses Michira 5 years ago

More pain for students who survived quarantine

A number cannot go home because they cannot afford to pay thousands of shillings in accommodation bills

By Moses Michira 5 years ago

Study: Kenyans observing measures against disease

Less than half of Kenyans are wearing face masks, defying government directives aimed at curbing the spread of the coronavirus.

By Moses Michira 5 years ago

Self-employed worst hit by coronavirus impact

Self-employed Kenyans are bearing the brunt of disruptions on incomes brought by the Covid19 pandemic, a new survey shows.

By Moses Michira 5 years ago

Global labour agency wants employers to shield workers

International organisation wants staff well covered against coronavirus, and compensated should they get infected or die.

By Moses Michira 5 years ago

Debt forgiveness calls grow louder

Kenya is among the world’s most vulnerable nations in debt servicing, with the available resources hardly enough to meet the running of basic services

By Moses Michira 5 years ago