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NEWS & CURRENT AFFAIRS

Digital News

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Macharia Kamau

End of an era as Mastermind Tobacco to go under the hammer

Assets owned by Mastermind Tobacco are set to be auctioned in January in what could mark the end of an era for the tobacco manufacturer.

End of an era as Mastermind Tobacco to go under the hammer

Questions over power stability as country is plunged into darkness

Questions over power stability as country is plunged into darkness

State extends fuel import deal with Middle East oil firms

State extends fuel import deal with Middle East oil firms

KRA recovers Sh549 million from corrupt staff, sends 25 packing

KRA recovers Sh549 million from corrupt staff, sends 25 packing

Why you will pay more for electricity following EPRA's review

The cost of electricity is set to go up this month following a hike in the foreign exchange component of the electricity bill.

Why you will pay more for electricity following EPRA's review

Uganda, Rwanda seek extension of oil pipeline from Eldoret depot

Uganda, Rwanda and South Sudan have revived plans to construct a refined petroleum products pipeline from Eldoret through Kampala to Kigali.

Uganda, Rwanda seek extension of oil pipeline from Eldoret depot

Livestock jab to be administered every 6 months for 3 years

The controversial livestock vaccination programme will be undertaken over three years, after which Kenya expects to be free from foot and mouth disease.

Livestock jab to be administered every 6 months for 3 years

Will new law end consumer exploitation by 'shylocks'?

Companies advancing exorbitantly priced loans to Kenyans and using crude recovery methods will now have to reconsider their mode of operations after coming under the purview of CBK.

Will new law end consumer exploitation by 'shylocks'?

Slight relief for Kenyans as fuel prices drop

Kenyans have got a slight relief for the festive season after the prices of fuel came down Saturday in the monthly pricing guidelines.

Slight relief for Kenyans as fuel prices drop

Ruto defends record on economy, accuses State critics of telling lies

The President, who has faced stinging criticism over the path he has put Kenya on, said the economy had significantly improved.

Ruto defends record on economy, accuses State critics of telling lies

Fresh probe piles pressure for openness in power deals

To many power sector stakeholders, Independent Power Producers (IPPs) are at the heart of all that is wrong with the industry, especially the high cost of electricity in Kenya.

Fresh probe piles pressure for openness in power deals

MPs want more SEZs roped into State's cheaper power plan

EPRA might be required to lower the cost of electricity for firms operating in other Special Economic Zones to be at par with those operating at the Naivasha SEZ.

MPs want more SEZs roped into State's cheaper power plan

MPs want more firms roped into State's cheaper power plan

Epra might be required to lower the cost of electricity for firms operating in other SEZs to be at par with those operating at the State-owned Naivasha SEZ.

MPs want more firms roped into State's cheaper power plan

Tullow CEO Raul Dhir set to leave the firm next year

Raul Dhir is set to step down next year as the CEO of Tullow after efforts to make Kenya’s dream of being an oil producer a reality faced major delays.

Tullow CEO Raul Dhir set to leave the firm next year

Kenya Power system losses rise as MPs call for low energy costs

The cost that comes with system losses is passed on to consumers as report says the firm can save consumers upwards of Sh6 billion annually if it cysts system losses to 14.5 per cent.

Kenya Power system losses rise as MPs call for low energy costs

MPs want energy sector bosses probed over high cost of power

MPs want nearly the entire energy sector investigated for pushing power costs to being the highest on the continent, which turned away investors and worsened Kenyans’ livelihoods.

MPs want energy sector bosses probed over high cost of power

Kenya Power to hire 3,000 new staff in three years to hit 13,400 target

Utility firm Kenya Power is set to hire nearly 3,000 more employees over the next three years, going against earlier plans to cut its workforce.

Kenya Power to hire 3,000 new staff in three years to hit 13,400 target

Builders, construction firms protest planned 35pc duty on tiles

Players in the building and construction industry have protested the proposal to introduce a 35 per cent excise duty on key products such as tiles, sinks and toilets.

Builders, construction firms protest planned 35pc duty on tiles

Aviation industry wants say in JKIA upgrade after Adani cancellation

Air operators lobby said there should be an open bidding process for contract. Stakeholders say there is adequate capacity locally to undertake the modernisation.

Aviation industry wants say in JKIA upgrade after Adani cancellation

Two firms begin construction of 70MW geothermal plants in Menengai

Two power producers have started the construction of electricity plants with a combined capacity of 70 megawatts (MW) at the Menengai geothermal fields.

Two firms begin construction of 70MW geothermal plants in Menengai

Will Treasury succeed this time to trim State's transport costs?

A draft policy proposes fewer cars with smaller engine sizes for government officials, a similar directive in 2009 by then Finance Minister Uhuru Kenyatta failed to get traction.

Will Treasury succeed this time to trim State's transport costs?

Savannah ups offer in fight for Bamburi with Tanzania firm

Savannah Clinker has upped its offer to Bamburi Cement’s shareholders by about 9.4 per cent as it seeks to outdo Tanzania’s Amsons Group.

Savannah ups offer in fight for Bamburi with Tanzania firm

Power sector on edge as new plants dry up amid surging demand

Analysts have in the past noted this failure to sign PPAs over the last several years could in the coming years see supply struggle to keep up with demand.

By 2 months ago

Power sector on edge as new plants dry up amid surging demand

CRB listings nearly doubles as State drive backfires

The number of borrowers blacklisted by different lenders, mostly digital lending platforms run by commercial banks and mobile digital loan apps, has risen by a staggering 3.85 million.

By 2 months ago

CRB listings nearly doubles as State drive backfires

High cost of internet devices and skills gap widen ICT access gap

Many Kenyans are struggling with the high cost of internet and mobile devices in the country, limiting the impact that the high internet coverage could have on many.

By 2 months ago

High cost of internet devices and skills gap widen ICT access gap

Firms increase night operations to benefit from cheaper power

Epra data shows companies on off-peak electricity tariffs grew 56 per cent by the end of June as the regulator considers some changes in the thresholds to be more friendly to firms.

By 2 months ago

Firms increase night operations to benefit from cheaper power

Banks begin to lower cost of credit amid Treasury pressure

NCBA announced it has reduced its base lending rate on Kenya shilling and dollar loans. Lenders have been slow to reduce their charges even after CBK cut its benchmark rate.

By 2 months ago

Banks begin to lower cost of credit amid Treasury pressure

We need more Adani-type deals to grow, says Mbadi

The government is eyeing five Adani-like deals in the current financial year in what National Treasury Cabinet Secretary John Mbadi said would enable the government to finish key projects.

By 2 months ago

We need more Adani-type deals to grow, says Mbadi

Revealed: The faces behind fake cement trade

Locally, out of the about 10 cement producers, only four have clinker production capacity. This means the other manufacturers have to rely on competition for this key raw material.

By 2 months ago

Revealed: The faces behind fake cement trade

Firm's northern circuit safaris offer alternative for tourists

The massive increase in park and community levy fees in the Maasai Mara Game Reserve earlier this year has also affected big group bookings.

By 2 months ago

Firm's northern circuit safaris offer alternative for tourists

Portland Cement seeks debt-free expansion with Sh9b land sale

In addition to technological upgrades, East African Portland Cement is seeking to optimise energy consumption through more sustainable solutions.

By 2 months ago

Portland Cement seeks debt-free expansion with Sh9b land sale

Financial hardships hamper push for solar uptake

Solar electricity systems are key to achieving universal electricity connection in Kenya but the economic situation of targeted households raises doubts.

By 2 months ago

Financial hardships hamper push for solar uptake

Airlines join bid to block Adani deal

Local airlines have rejected controversial plans to hand over the Jomo Kenyatta International Airport (JKIA) to India’s Adani Airports Holdings.

By 2 months ago

Airlines join bid to block Adani deal

Kenyans have four days to give Mbadi views on taxation, debt management

Kenyans have four days to give the National Treasury CS John Mbadi their views on how they would like the Ministry to manage the country’s financial situation going forward.

By 2 months ago

Kenyans have four days to give Mbadi views on taxation, debt management

Questions as Indonesian firm set for energy deal

Indonesian energy firm PT Pertamina Geothermal Energy is seeking entry into Kenya’s power production sector following a deal to develop two geothermal fields in Suswa and Olkaria.

By 2 months ago

Questions as Indonesian firm set for energy deal

How rot in police force drives away businesses

Maraga-led task force finds most police officers take bribes and allow free passage of counterfeit goods, recommends disbandment of the traffic unit and the use of technology.

By 2 months ago

How rot in police force drives away businesses

Cost of State emergency loans spikes on higher CBK base rate

Interest rates on the government’s overdraft facility, through which Treasury borrows directly from CBK increased by 87 per cent over the financial year to June 2024

By 2 months ago

Cost of State emergency loans spikes on higher CBK base rate

Austerity for who? State splurges Sh27b on foreign trips

A new report shows that spending on domestic and foreign travel increased by Sh6.97 to Sh27.34 billion from Sh20.37 billion in the financial year to June 2023.

By 2 months ago

Austerity for who? State splurges Sh27b on foreign trips

How CBK rate hikes impact Treasury's emergency loans

Treasury paid Sh9.63 billion as interest over the last financial year compared to a charge of Sh5.16 billion in the year to June 2023.

By 2 months ago

How CBK rate hikes impact Treasury's emergency loans

Madagascar tycoon to buy Zuku parent firm Wananchi Group

Wananchi Group, which owns the Zuku brand, is planning to sell the company to Axian Telecom Fibre of Mauritius.

By 3 months ago

Madagascar tycoon to buy Zuku parent firm Wananchi Group

Tullow still pursuing strategic partner, says oil plan on course

Tullow Oil is yet to make much headway in its search for a strategic partner, which remains one of the key aspects needed to move Kenya’s oil project forward.

By 3 months ago

Tullow still pursuing strategic partner, says oil plan on course

How access to credit is boosting tech adoption, earnings for SMEs

KNBS estimates that there are about 7.4 million MSMEs in Kenya that employ over 14.4 million Kenyans across all sectors of the economy.

By 3 months ago

How access to credit is boosting tech adoption, earnings for SMEs

Local startup taps sports and creative economy with super app

Truly Kenya Ltd aims to create new economic opportunities for the country’s growing youth population, with its sights on the sports and creative economy sectors.

By 3 months ago

Local startup taps sports and creative economy with super app

State's share sale plan major boon for retail investors

Available figures indicate that retail investors’ participation in the bourse remains low, with domestic and international institutional investors currently the dominant forces.

By 3 months ago

State's share sale plan major boon for retail investors

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