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NEWS & CURRENT AFFAIRS

Digital News

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Macharia Kamau

Kenya leads global push to raise Sh322tr from climate taxes

President Ruto was among leaders who spearheaded formation of the International Tax Task Force at COP28.

Kenya leads global push to raise Sh322tr from climate taxes

New players crash Africa's carbon credits mega party

New players crash Africa's carbon credits mega party

Kenya's farmers to sell produce at Carrefour outlets in other countries

Kenya's farmers to sell produce at Carrefour outlets in other countries

Small-scale gas suppliers worry over centralised imports plan

Small-scale gas suppliers worry over centralised imports plan

Diesel, kerosene prices drop by biggest margin in latest review

The cost of diesel reduced by a big margin of Sh10, and will for the next one month retail at Sh180.38 a litre in Nairobi.

Diesel, kerosene prices drop by biggest margin in latest review

TikTok takes fight to block Kenya ban to Parliament

Platform’s top officials tell House committee ban would infringe on Kenyans’ constitutional rights. Petitioner wants it banned for allegedly promoting violence and explicit sexual content.

TikTok takes fight to block Kenya ban to Parliament

Board deals Chinese firm blow in Sh1b KenGen tender

Procurement watchdog has rejected Sinopec’s bid to stop the re-advertising of a tender to enhance KenGen’s Olkaria geothermal fields.

Board deals Chinese firm blow in Sh1b KenGen tender

State mulls blocking Dar gas imports on safety concerns

Epra plans to review the law and restrict the importation of Liquified Petroleum Gas (LPG) through the Open Tender System (OTS).

State mulls blocking Dar gas imports on safety concerns

KeNHA accuses transporter of breaching cargo height rule

The firm’s trucks have been stuck at the Coast for more than a week loaded with cargo destined for Uganda, which it says has caused losses for both the company and its client.

KeNHA accuses transporter of breaching cargo height rule

Murkomen supports local airlines, opposes open skies policy

The government says it will not yield to pressure to liberalise Kenyan skies and give foreign carriers easy access to different airports within the country.

Murkomen supports local airlines, opposes open skies policy

How Kenyans coped with high living costs, rising energy prices

Kenyans reduced their consumption of petroleum products as they coped with the higher cost of fuel while defaulting on payment of their electricity bills.

How Kenyans coped with high living costs, rising energy prices

Civil servants face the axe as Ruto plays to the tunes of IMF

Analysts say Ruto’s target on parastatals could be a way of deepening IMF’s backed reforms this time restructuring government entities.

Civil servants face the axe as Ruto plays to the tunes of IMF

Transport CS Murkomen unveils plan to boost domestic flights

In opening a hub at JKIA, Skyward Express which has been operating flights from Wilson Airport, the carrier is seeking to further expand operations in Kenya.

Transport CS Murkomen unveils plan to boost domestic flights

Financial hardships dampen Easter celebrations among Kenyans

EACC survey found the high cost of living is perceived as the biggest challenge facing the economy today. World Happiness Report 2024 edition ranked Kenya at position 114 out of 143.

Financial hardships dampen Easter celebrations among Kenyans

Kenya Pipeline boosts State coffers with Sh5b dividend payout

The Kenya Pipeline Company (KPC) has paid an interim dividend of Sh5 billion to the National Treasury for the financial year ended June 2023.

Kenya Pipeline boosts State coffers with Sh5b dividend payout

Graft becoming norm as civil servants oil the vice

Report shows Kenyans seeking employment paid the largest bribes with Kenyans citing Ministry of Interior, Police Service and county health departments as the most corrupt institutions.

Graft becoming norm as civil servants oil the vice

KQ narrows loss to Sh22.6b as revenues near pre-Covid levels

Total revenue increased by 53 per cent to Sh178 billion from Sh116.79 billion in 2022 on increased passenger numbers.

KQ narrows loss to Sh22.6b as revenues near pre-Covid levels

NSE banks on new trading platform to revive bond market

With the government planning to reduce its borrowing as part of its fiscal consolidation plans, there are fears that bond trading might take a hit.

NSE banks on new trading platform to revive bond market

Inside Ruto's Sh16 trillion last-ditch plan to save Vision 2030

President Ruto’s administration has a tough job of delivering the unfulfilled promises under the Vision 2030 blueprint started under the late President Mwai Kibaki.

Inside Ruto's Sh16 trillion last-ditch plan to save Vision 2030

Portland cement in another phase of major maintenance shutdown

Machines have run for years with upgrade and lack of maintenance. Upgrade expected to increase cement production capacity to one million tonnes annually in the next two years.

Portland cement in another phase of major maintenance shutdown

Make-or-break for Ruto's 7.2pc economic growth dash

President says the government has put in place measures to achieve the target. When the plan was launched in 2008, the economy was projected to grow by 10 per cent by 2012

Make-or-break for Ruto's 7.2pc economic growth dash

State embarks on last phase of KQ restructuring

The transport ministry has in recent weeks held a series of meetings with senior KQ officials with the aim of bringing on board a strategic investor.

State embarks on last phase of KQ restructuring

14 years on, Kenya's oil dream still a mirage amid mounting Tullow woes

Kenya is yet to export its first barrel of commercially produced oil and the events of the recent weeks do not inspire confidence that this will happen any time soon.

14 years on, Kenya's oil dream still a mirage amid mounting Tullow woes

Inside Housing Law that will grant Ruto billions for project

Kenya has a deficit of 200,000 housing units annually, which the government notes has led to high cost for poor quality housing, including slums.

Inside Housing Law that will grant Ruto billions for project

Experts explore sustainable wellness at human resource forum

Wellness programmes among local firms are increasingly becoming key in attracting and retaining top talent.

Experts explore sustainable wellness at human resource forum

Engineers' body poll: Buildings collapse, jobs dominate debate

Thursday’s election pits Grace Kagondu, currently the first vice president at IEK, against Eng Shammah Kiteme. They say developers cut corners and fail to incorporate professionals in construction.

Engineers' body poll: Buildings collapse, jobs dominate debate

Hope for lower cost of living as fuel prices slide to seven-month low

Pump prices have gone down to levels last seen seven months ago. Strong shilling and dropping crude oil prices reasons for lower cost.

Hope for lower cost of living as fuel prices slide to seven-month low

Petrol prices drop by Sh7 per litre on strengthening shilling

EPRA fuel prices review: Petrol down by Sh7.21 to retail at Sh199.15, Diesel drops by Sh5.09 to Sh190.38, Kerosene down by Sh4.49 to sell at Sh188.74 per litre.

Petrol prices drop by Sh7 per litre on strengthening shilling

State restarts privatisation drive with sale of hotels

The Privatisation Authority has said it is looking for a transaction advisor who will guide the sale of the hotels spread across the country.

State restarts privatisation drive with sale of hotels

Multinational tea firms go easy on mechanisation amid conservation bid

Large tea firms say they have refrained from laying off their staff in their quest to mechanise.

Multinational tea firms go easy on mechanisation amid conservation bid

All eyes on High Court in Sh3.5b Kenyatta kin land tussle with wealthy Bid family

The battle pits the wealthy Bid family and Uhuru Kenyatta’s cousins, Ngengi Muigai and his brother Kung’u Muigai.

All eyes on High Court in Sh3.5b Kenyatta kin land tussle with wealthy Bid family

Govt withdraws state adverts from radio, TVs in another mortal blow to media industry

Independent radio and television stations will be getting zero revenue from the government, as is the case with the newspapers, except for The Star.

Govt withdraws state adverts from radio, TVs in another mortal blow to media industry

State inaction on Tullow plan approval to delay oil project

The energy sector regulator has postponed approval of Tullow Oil’s Field Development Plan that would grant the firm an oil production licence.

State inaction on Tullow plan approval to delay oil project

Business uncertainty persists amid higher February output

Business leaders do not expect growth over the next year despite improved economic conditions in February.

Business uncertainty persists amid higher February output

Confusion after State publishes rules to end KPLC monopoly

New regulations are aimed at opening up distribution and retail of electricity. Epra is however undertaking a public participation exercise on the same issue this week.

Confusion after State publishes rules to end KPLC monopoly

How second bond market will complicate State pricing of domestic debt

Introducing another bond trading platform could present the National Treasury with a dilemma on how to price bonds when borrowing locally.

How second bond market will complicate State pricing of domestic debt

Monopoly firms making Kenya unattractive, blocking investors

There have been instances where a few large players in a sector have formed cartel-like coalitions that collude to keep retail prices high locking out other players.

Monopoly firms making Kenya unattractive, blocking investors

KRA waives Sh200b in penalties under amnesty programme

Taxpayers are required to make full payment of the principal taxes and apply for amnesty by June 30 this year.

KRA waives Sh200b in penalties under amnesty programme

Ghosts of Safaricom IPO refunds haunt Citibank 16 years later

Post-IPO was a not-so-happy period for several investors. To date, some 16 years later, some of them are still reeling from the aftermath of what is still the biggest IPO at the NSE.

Ghosts of Safaricom IPO refunds haunt Citibank 16 years later

New tariff lifts Kenya Power to Sh319 million half-year profit

Increased electricity consumption by Kenyans also contributed to the profitability as utility firm shrugged off a major hit from the weakening of the shilling last year.

New tariff lifts Kenya Power to Sh319 million half-year profit

Hike in EPRA levy denies motorists a bigger drop in pump prices

A higher Energy and Petroleum Regulatory Authority (Epra) levy denied motorists a bigger drop in the cost of fuel last week after it was effected in the February-March pricing cycle.

Hike in EPRA levy denies motorists a bigger drop in pump prices

Fuliza: How Kenyans are borrowing to pay debt and lend

Majority are borrowing for consumption and probably worse, lending to friends and relatives in distress. While some have lost their jobs, the earnings of many have shrunk.

By 2 months ago

Fuliza: How Kenyans are borrowing to pay debt and lend

Cyber attacks increase tenfold on outdated security systems

Kenyan firms and individuals faced an increasingly hostile online environment as assaults by cybercriminals surged to high levels in three months to December last year.

By 2 months ago

Cyber attacks increase tenfold on outdated security systems

Solar waste headache as devices flood Kenyan market

The growing consumption, however, presents a major challenge for the country. What do the consumers do with the panels, appliances, batteries and other accessories once they reach their end of life?

By 2 months ago

Solar waste headache as devices flood Kenyan market

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