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    Author: Patrick Alushula

    Premium

    The making of Sh594m fraud: 'We thought we were buying an elephant'

    Financial Standard
    STL’s audited accounts had shown Sh887.45 million in revenues and Sh194.84 million net profit for the financial year ended June 2018.
    By Patrick Alushula 6 days ago
    The making of Sh594m fraud: 'We thought we were buying an elephant'
    Premium
    Next president might borrow more despite KRA record tax revenue
    President Uhuru Kenyatta fell in love with a rather complex equation: increase tax collections, expand the budget, borrow more and wait for a return in the long run.
    By Patrick Alushula 20 days ago
    Big budgets reigned supreme amid wastage
    Big budgets reigned supreme amid wastage
    Projects in roads and rail, and education have been close to the President Uhuru Kenyatta’s heart.
    By Patrick Alushula 26 days ago
    Millionaire investors hit big as NSE sheds Sh653b in six months
    Premium
    Millionaire investors hit big as NSE sheds Sh653b in six months
    The Nairobi Securities Exchange (NSE) closed last Thursday with the combined value of all stocks at Sh1.939 trillion compared with Sh2.592 trillion at the beginning of the year.
    By Patrick Alushula 1 month ago
    Burdened bank customers add Sh56b loan defaults in 4 months
    CBK data shows that non-performing loans hit Sh482.6 billion in April. Increase came even as lenders started warming up to the private sector.
    CBK data shows that non-performing loans hit Sh482.6 billion in April. Increase came even as lenders started warming up to the private sector.
    By Patrick Alushula 1 month ago
    Burdened bank customers add Sh56b loan defaults in 4 months
    Premium
    Tax wars: Is this the end of Keroche's nine lives?
    The tax battle between Keroche and Kenya Revenue Authority (KRA) has been brewing since 1998, barely a year after the firm was founded in Naivasha as a fortified fruit wines brewery.
    The tax battle between Keroche and Kenya Revenue Authority (KRA) has been brewing since 1998, barely a year after the firm was founded in Naivasha as a fortified fruit wines brewery.
    By Patrick Alushula 1 month ago
    Tax wars: Is this the end of Keroche's nine lives?
    Dar gas dealer to set up LPG plant in Mombasa
    The firm has sent an environmental impact assessment study report to Nema.
    The firm has sent an environmental impact assessment study report to Nema.
    By Patrick Alushula 1 month ago
    Dar gas dealer to set up LPG plant in Mombasa
    Premium
    Audit now exposes grand wastage in Sh3.4t 2021 budget
    Auditor General flags ministries and State agencies that have mismanaged public resources. Amid the rot, suppliers and contractors are owed billions of shillings in pending bills.
    Auditor General flags ministries and State agencies that have mismanaged public resources. Amid the rot, suppliers and contractors are owed billions of shillings in pending bills.
    By Patrick Alushula 1 month ago
    Audit now exposes grand wastage in Sh3.4t 2021 budget
    Premium
    How Covid shocks hooked more Kenyans on survival loans
    Thousands of Kenyans are driving to work but in cars financed by loans and sometimes fueled by a mobile overdraft facility, Fuliza.
    Thousands of Kenyans are driving to work but in cars financed by loans and sometimes fueled by a mobile overdraft facility, Fuliza.
    By Patrick Alushula 1 month ago
    How Covid shocks hooked more Kenyans on survival loans
    Premium
    State cuts pending bills to suppliers and contractors
    Pending bills stood at Sh307.8 billion in March last year and have been rising over time to hit Sh423.2 billion in September, before swelling to Sh467.7 billion in December.
    Pending bills stood at Sh307.8 billion in March last year and have been rising over time to hit Sh423.2 billion in September, before swelling to Sh467.7 billion in December.
    By Patrick Alushula 1 month ago
    State cuts pending bills to suppliers and contractors
    .

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