The Standard
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By Jackson Okoth

Devolution dilemma as confusion reigns over public service delivery

All senior civil servants attached to the former ministries of Co-operatives, Health, Trade or the Livestock and Fisheries dockets are still retained by the national government.
By By JACKSON OKOTH and NICHOLAS WAITATHU 10 years ago
Devolution dilemma as confusion reigns over public service delivery
Central Bank pushes for food, fuel buffer stocks
Central Bank pushes for food, fuel buffer stocks
By By Jackson Okoth 10 years ago
TSC gets Sh161b for hiring new teachers
TSC gets Sh161b for hiring new teachers
By By Jackson Okoth 10 years ago
Former building societies’ quarter one earnings soar
Former building societies’ quarter one earnings soar
By By Jackson Okoth 10 years ago
TransCentury seeks nod to sell subsidiaries
Listed investment firm TransCentury Limited is seeking shareholder approval to sell off three of its subsidiaries.
By By Jackson Okoth 10 years ago
TransCentury seeks nod to sell subsidiaries
Inside bank vaults: The story behind industry’s super profits
Kenya’s top five banks made enviable returns last year from every person who walked through their doors to make a deposit.
By By JACKSON OKOTH 10 years ago
Inside bank vaults: The story behind industry’s super profits
World Bank pumps Sh17.5 billion into Kenya’s transport sector
The World Bank has approved new funding for the emergency reconstruction of Kenya’s Jomo Kenyatta International Airport (JKIA), which suffered a major fire disaster last August.
By By Jackson Okoth 10 years ago
World Bank pumps Sh17.5 billion into Kenya’s transport sector
Weak subsidiaries weigh down Equity Bank’s performance
A volatile political environment in South Sudan has slowed down business for Equity Bank Group, forcing the institution to make a Sh700 million provision to cover possible losses from the subsidiary.
By By Jackson Okoth 10 years ago
Weak subsidiaries weigh down Equity Bank’s performance
Tough laws loom as counties seek to enhance revenue collection
A person or company found conducting business within a county without a trade licence could soon face a court fine of up to Sh100,000.
By By JACKSON OKOTH 10 years ago
Tough laws loom as counties seek to enhance revenue collection
Expectations, fears as 2014/15 budget looms
The National Treasury has been asked to set out clear guidelines on what taxes, levies and fees are to be charged by the National and County Governments.
By By Jackson Okoth 10 years ago
Expectations, fears as 2014/15 budget looms
South African financial services group acquires stake in Cannon Assurance
South African-based Metropolitan International (MMI Holdings) is set to merge its business with that of Cannon Assurance.
By By Jackson Okoth 10 years ago
South African financial services group acquires stake in Cannon Assurance
Excitement over KQ’s low-cost carrier plan
It might soon become more attractive for a business or leisure traveller to take a flight from Nairobi to Kisumu Mombasa or Eldoret rather than use road transport.
By By Jackson Okoth 10 years ago
Excitement over KQ’s low-cost carrier plan
Anxiety grips Karuturi workers over job losses
Karuturi Ltd, the Kenyan subsidiary of an international flower giant has been placed under receivership.
By By Jackson Okoth and Antony Gitonga 10 years ago
Anxiety grips Karuturi workers over job losses
Lobbies pile pressure on Parliament to review VAT Act
Parliament is expected to discuss amendments to the VAT Act, 2013 when it resumes sittings this month.
By By Jackson Okoth 10 years ago
Lobbies pile pressure on Parliament to review VAT Act
Policy makers want State to account for resource wastage
Policy makers want Parliament to use its muscle to ensure wastage by the government is also contained.
By By Jackson Okoth 10 years ago
Policy makers want State to account for resource wastage
Changes looming in dairy industry as French giant eyes stake in Brookside
Plans are in advanced stages for French dairy giant Danone to acquire a minority stake in Brookside Dairies Limited.
By By JACKSON OKOTH 10 years ago
Changes looming in dairy industry as French giant eyes stake in Brookside
State to spend Sh132b to promote industries
The Government plans to spend Sh132 billion to promote industrial development which includes setting up special economic zones, a free trade area in Mombasa and an industrial park in each of the 47 county governments.
By By Jackson Okoth 10 years ago
State to spend Sh132b to promote industries
JKIA in tender wrangles after Muhoho exit
While heavy smoke is still bellowing over a tender to construct a standard gauge railway linking the Port of Mombasa to the border of the Democratic Republic of Congo, the Ministry of Transport is caught up in yet another looming controversy.
By By Jackson Okoth 10 years ago
JKIA in tender wrangles after Muhoho exit
New levy to push up cement prices
The season of declining cement prices is fast coming to an end. This follows a decision by the ministry of Mining to impose a levy on cement manufacturers.
By By JACKSON OKOTH 10 years ago
New levy to push up cement prices
Crisis as TA orders counties to stop recruiting new staff
A showdown looms between the Transition Authority (TA) and county governments over recruitment of staff for the devolved units.
By By JACKSON OKOTH 11 years ago
Crisis as TA orders counties to stop recruiting new staff
Ministry unveils tough rules to tame matatu madness
All passengers boarding public service vehicles (PSV) will soon be required to be issued tickets or receipts for fare paid.
By By JACKSON OKOTH 11 years ago
Ministry unveils tough rules to tame matatu madness
State aids dairy farmers with coolers to up milk production
The Government plans to put up milk cooling plants in several counties across the country.
By By JACKSON OKOTH 11 years ago
State aids dairy farmers with coolers to up milk production
Interest on domestic borrowing falls
The cost of government borrowing funds in the domestic market continued to drop marginally. This is as interest in this week’s auction fell by 0.027 basis points.
By By JACKSON OKOTH 11 years ago
Interest on domestic borrowing falls
Devolution of health services opens new battlefront in drugs procurement
County governments will no longer have to buy their drugs and other essential medical supplies from state-controlled Kenya Medical Supplies Authority (Kemsa).
By By JACKSON OKOTH 11 years ago
Devolution of health services opens new battlefront in drugs procurement
Bulk of Asian tourists eye African market
The Asia Pacific region will be the leading tourist source market for African destinations next year. This is according to Visa’s Sub Saharan Africa Global Travel Intentions Study for 2013.
By By Jackson Okoth 11 years ago
Bulk of Asian tourists eye African market
Bye Bye Nairobi Securities Exchange
There is an interesting trend emerging from companies bidding farewell to the Nairobi Securities Exchange when strategic investors acquire them and take them private.
By BY JACKSON OKOTH AND EMMANUEL WERE 11 years ago
Bye Bye Nairobi Securities Exchange
Growing demand stirs up competition in luxury car market
In a market dominated by heavy commercial vehicles and pick-ups, competition for a share of the luxury segment of the new car market in Kenya is slowly taking shape.
By BY JACKSON OKOTH 11 years ago
Growing demand stirs up competition in luxury car market
The reality of doing business with government
If you own a business, and are a woman, aged below 35 or are living with a disability, then you know by now that the government wants to do business with you. But what does this really mean?
By By JACKSON OKOTH 11 years ago
The reality of doing business with government
Clock ticks for bleeding State corporations
It is high noon for parastatals that have lost money, been involved in incorrupt practices or with unsupported expenditure on their books.
By By JACKSON OKOTH 11 years ago
Clock ticks for bleeding State corporations
EAC citizens yet to benefit from regional integration
It will take a while before citizens of the five East African Community (EAC) member states can experience the benefits of free movement of labour, capital, and goods and services within the region.
By By JACKSON OKOTH 11 years ago
EAC citizens yet to benefit from regional integration
VAT helps taxman to exceed target by Sh3.6 billion
The Kenya Revenue Authority (KRA) exceeded its first quarter collection target by Sh3.6 billion.
By By JACKSON OKOTH 11 years ago
VAT helps taxman to exceed target by Sh3.6 billion
Kenya seeks investors to build coal, natural gas power plants
Kenya has invited bids from investors for the development of two power plants with a combined output of up to 1,800 megawatts (MW) from coal and natural gas, according to details from Ministry of Energy and Petroleum.
By By JACKSON OKOTH 11 years ago
Kenya seeks investors to build coal, natural gas power plants
Changing face of Kenya’s public transport system
Kenya Railways is racing to meet a tight deadline. The groundbreaking ceremony for a new railway line is just over a month away.
By By JACKSON OKOTH and NICHOLAS WAITATHU 11 years ago
Changing face of Kenya’s public transport system
KRA smokes out audit firms and multinationals in Sh4b tax evasion scheme
Kenya’s chief taxman John Njiraini has put local audit firms on the spot for their role in helping multinational firms evade paying billions of shillings in taxes.
By By JACKSON OKOTH and EMMANUEL WERE 11 years ago
KRA smokes out audit firms and multinationals in Sh4b tax evasion scheme
KRA audit recovers Sh4 billion from tax cheats
The Kenya Revenue Authority (KRA) has recovered some Sh4 billion in unpaid taxes.
By By Jackson Okoth 11 years ago
KRA audit recovers Sh4 billion from tax cheats
CBK holds key rate at 8.5 per cent, cites stable inflation
The Central Bank of Kenya (CBK) has maintained its hold on the Central Bank Rate (CBR) for the second consecutive time, all in a bid to put a tight lid on inflation.
By By JACKSON OKOTH 11 years ago
CBK holds key rate at 8.5 per cent, cites stable inflation
Medical underwriting leads in fraudulent claims
Medical insurance, which posted the highest growth in 2012, is also the most affected sub-sector by fraudulent claims.
By By JACKSON OKOTH 11 years ago
Medical underwriting leads in fraudulent claims
Firm eases way for those without accounts to acquire credit cards
It is now possible for those without bank accounts or not in formal employment to make purchases at selected retail outlets using a credit card. This is if a card holder is able to repay the credit.
By By JACKSON OKOTH 11 years ago
Firm eases way for those without accounts to acquire credit cards
Budget office cautions against extravagance
The high number of job vacancies in counties is likely to put pressure on an already overstretched wage bill, the Parliamentary Budget Office has warned.
By By JACKSON OKOTH 11 years ago
Budget office cautions against extravagance
Nine insurance firms swim in losses on back of under-cutting
Nine insurance companies found themselves in unfamiliar territory after posting huge losses in 2012. This is as a combination of fraudulent claims and low penetration of products took a toll on their earnings.
By By JACKSON OKOTH 11 years ago
Nine insurance firms swim in losses on back of under-cutting
Fund managers bet on risk free property investments
Kenya’s booming property market is proving to be a popular investment option for most pension fund managers. It now rivals returns from the equity market.
By By JACKSON OKOTH 11 years ago
Fund managers bet on risk free property investments
NBK cleans house to court new investors
Turn-around strategies at the State-owned National Bank of Kenya (NBK) suggest that it could be angling for a strategic investor to acquire a stake or the entire bank.
By By JACKSON OKOTH and NICHOLAS WAITATHU 11 years ago
NBK cleans house to court new investors
Corporates use predatory tacts to crash rivals
It is not unusual to find a company or a close-knit clique of firms with their wings spread all over the market place, blocking out all the forms of competition or rivalry.
By By Jackson Okoth 11 years ago
Corporates use predatory tacts to crash rivals
Local sugar sector faces tough times as Comesa deadline looms
A new report by Trade ministry says the millers are ill-prepared to deal with competition.
By By JACKSON OKOTH 11 years ago
Local sugar sector faces tough times as Comesa deadline looms
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