The Standard
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By James Anyanzwa

Questions raised as Government defers payment of $600m loan

Could the economy be in financial distress? This is the big question among economists after the Government moved to reschedule a $600 million (Sh52.2 billion) syndicated loan.
By By James Anyanzwa and Reuters 10 years ago
Questions raised as Government defers payment of $600m loan
Survey: Over Sh300b for development sits idle in State coffers
Survey: Over Sh300b for development sits idle in State coffers
By By James Anyanzwa 10 years ago
Few options to finance budget as growth slows
Few options to finance budget as growth slows
By By JAMES ANYANZWA 10 years ago
HF shareholders approve move to raise more cash
HF shareholders approve move to raise more cash
By By James Anyanzwa 10 years ago
High Court suspends REA Vipingo takeover process
The High Court has suspended the proposed takeover of the agricultural firm REA Vipingo Plantations Ltd (RVPL), pending investigations into allegations of irregularities, which have marred the entire process.
By By James Anyanzwa 10 years ago
High Court suspends REA Vipingo takeover process
KenolKobil swings back to profit on cost-cutting
Oil marketer Kenolkobil has reported a pre-tax profit of Sh564 million for the year ended December 31,2013, marking a major turnaround from the previous year’s loss of Sh8.96 billion.
By By James Anyanzwa 10 years ago
KenolKobil swings back to profit on cost-cutting
NSE unveils Sh250 million plan to enhance electronic trading system
Nairobi Securities Exchange (NSE) is set to upgrade its automated trading system (ATS) as part of efforts to improve efficiency and transparency in stock and bond trading.
By By James Anyanzwa 10 years ago
NSE unveils Sh250 million plan to enhance electronic trading system
Essar’s refinery divorce with State firm nears conclusion
The eagerly awaited exit of Indian Essar Energy from the ownership of the trouble ridden Kenya Petroleum Refineries (KPRL) is finally on the brink of conclusion.
By By James Anyanzwa 10 years ago
Essar’s refinery divorce with State firm nears conclusion
State mulls going slow on domestic market borrowing
The Government has hinted at the possibility of switching from domestic to external borrowing in a bid to control burgeoning interest payment on government securities.
By By James Anyanzwa 10 years ago
State mulls going slow on domestic market borrowing
AfDB gives Kenya Sh80 billion for investment, job creation
Africa Development Bank Group (AfDB) has approved $930 million (Sh79.98 b) to support infrastructure development and guarantee job opportunities for Kenyans.
By By James Anyanzwa 10 years ago
AfDB gives Kenya Sh80 billion for investment, job creation
Anglo Leasing scam architects threaten to auction State assets
Taxpayers are set to lose in excess of Sh1.6 billion in awards and penalties in Anglo Leasing scandal related suit, which was concluded in two European courts last year, a top official at the National Treasury has said.
By By James Anyanzwa 10 years ago
Anglo Leasing scam architects threaten to auction State assets
Setback as Treasury rejects MPs’ extra funding request
MPs’ push for cushy perks suffered a setback Tuesday as Treasury held back on funding.
By By James Anyanzwa 10 years ago
Setback as Treasury rejects MPs’ extra funding request
Experts warn State on planned sackings
Economists yesterday cautioned the State against blanket retrenchment of civil service employees.
By By JAMES ANYANZWA 10 years ago
Experts warn State on planned sackings
Treasury seeks Sh122billion as wage bill load gets heavier
The National Treasury is seeking parliamentary approval to spend an additional Sh121.8 billion on Government operations until June 30, with most of the funds going towards payment of salaries and allowances for public officers.
By By James Anyanzwa 10 years ago
Treasury seeks Sh122billion as wage bill load gets heavier
Serem warns of looming crisis as public service ghost workers bleed coffers
Taxpayers are struggling to sustain over 300,000 ghost workers in the civil service as public sector wage bill spirals out of control.
By By JAMES ANYANZWA 10 years ago
Serem warns of looming crisis as public service ghost workers bleed coffers
Most Kenyans use phones for banking - study
Majority of Kenyans use mobile phones for payment of bills and money transfers, a new survey shows.
By By James Anyanzwa and Anjellah Owino 10 years ago
Most Kenyans use phones for banking - study
Treasury, KRA in a spot over variation in figures
The National Treasury and the Kenya Revenue Authority (KRA) have raised eyebrows after issuing conflicting reports on revenue performance, casting doubts on the authenticity of figures released.
By By JAMES ANYANZWA 10 years ago
Treasury, KRA in a spot over variation in figures
Treasury cuts Kenya growth forecast to 5pc
The Government has made a dramatic shift over its economic growth forecast for the year 2013 saying the economy would now grow at 5 per cent as opposed to its earlier projection of 5.6 per cent.
By By James Anyanzwa 10 years ago
Treasury cuts Kenya growth forecast to 5pc
NSE’s index hit historic 5,000 mark buoyed by foreign buys
Nairobi Securities Exchange (NSE) experienced a beehive of activities over the last five days with foreign investors scrambling for a share of the market, which observers opine is highly undervalued.
By BY JAMES ANYANZWA AND REUTERS 10 years ago
NSE’s index hit historic 5,000 mark buoyed by foreign buys
Region courts Comesa, SADC for free trade area
East Africa Community (EAC) member States have deepened negotiations with Comesa and the Southern Africa Development Community (SADC) towards forming a tripartite Free Trade Area (FTA).
By By JAMES ANYANZWA 10 years ago
Region courts Comesa, SADC for free trade area
Budget controller blames inefficient committees for low funds absorption
The Office of the Controller of Budget has blamed project implementation committees in ministries and departments for the low absorption of funds meant for development.
By By JAMES ANYANZWA 10 years ago
Budget controller blames inefficient committees for low funds absorption
KCB gets Sh2.6b loan for lending to SMEs
Kenya Commercial Bank (KCB) has received a loan of $30 million (Sh2.58b) from Ghana International Bank.
By By JAMES ANYANZWA 10 years ago
KCB gets Sh2.6b loan for lending to SMEs
New law to cap high interest rates in the offing
The government is to introduce a new law to cap high interest rates charged by commercial banks, President Uhuru Kenyatta has said.
By By JAMES ANYANZWA 10 years ago
New law to cap high interest rates in the offing
Firm in private pact to end housing woes in counties
County governments will sign public-private partnership agreements with individuals and firms to spur large-scale investments in the provision of affordable housing.
By By JAMES ANYANZWA 10 years ago
Firm in private pact to end housing woes in counties
Taxpayers could lose billions in dams scandal
The National Water Conservation and Pipeline Corporation (NWCPC) is on the spot on what appears to be yet another mega scandal in the development of dams.
By By JAMES ANYANZWA 10 years ago
Taxpayers could lose billions in dams scandal
It’s official — Kenya will stop refinery operations
Kenya will operate without a refinery of its own, the Energy ministry has confirmed.
By BY JAMES ANYANZWA AND MACHARIA KAMAU 10 years ago
It’s official — Kenya will stop refinery operations
State’s power generation exit could up tariffs
Key power projects are likely to grind to a halt due to what Energy and Petroleum Cabinet Secretary Davis Chirchir attributes to under-funding by Treasury.
By By JAMES ANYANZWA 10 years ago
State’s power generation exit could up tariffs
The pain of working in East Africa
Securing a job has never been an easy task for many people but even after finding one, minimum wages in East Africa are barely above the international poverty line of US$1.25 (Sh107.50) per day.
By By JAMES ANYANZWA 10 years ago
The pain of working in East Africa
Capital markets to tighten noose on insider trading
The Capital Markets Authority (CMA) will prosecute and revoke licences of those who manipulate the securities market and deal in insider trading.
By By JAMES ANYANZWA 10 years ago
Capital markets to tighten noose on insider trading
Investor unease as Treasury raids domestic market
The era of high interest rates beckons, yet again as Treasury continually raids the local market to replenish its empty vaults.
By By JAMES ANYANZWA 10 years ago
Investor unease as Treasury raids domestic market
World Bank raises alert over high cost of doing business
The World Bank has raised the alarm over Kenya’s high cost of doing business, saying the country risks being shunned by investors.
By By James Anyanzwa 10 years ago
World Bank raises alert over high cost of doing business
Jobs pressure pushes State to revive industries
Deputy President William Ruto Wednesday launched a new industrialisation blueprint.
By By James Anyanzwa 10 years ago
Jobs pressure pushes State to revive industries
Cheap power in sight as State subsidises energy cost
The Government plans to subsidise the cost of geothermal power production by more than 40 per cent as part of efforts to cushion households and businesses from high power tariffs
By BY JAMES ANYANZWA 10 years ago
Cheap power in sight as State subsidises energy cost
Budget chief wants freeze on trips to tame wasteful spending
The Office of the Controller of Budget wants more power to tame wasteful spending in government.
By BY JAMES ANYANZWA 10 years ago
Budget chief wants freeze on trips to tame wasteful spending
Current account deficit: The elephant in our economy
Henry Rotich, the Treasury cabinet secretary, has finally come out to speak about the elephant in Kenya’s economy
By BY JAMES ANYANZWA 10 years ago
Current account deficit: The elephant in our economy
New upgrade to halt system hitches at NSE
Plans are underway to upgrade the automated trading systems at the Nairobi Securities Exchange (NSE) and the Central Depository and Settlement Corporation (CDSC).
By BY JAMES ANYANZWA 10 years ago
New upgrade to halt system hitches at NSE
CMA decries effects of global politics on regional integration
International politics is weighing heavily on plans of an integrated capital markets within the East Africa Community (EAC).
By BY JAMES ANYANZWA 11 years ago
CMA decries effects of global politics on regional integration
CMA pushes for counties to raise funds through bonds
The Capital Markets Authority (CMA) is in the process of arranging county bonds in a bid to reduce reliance by the devolved units on levies to finance their budgetary shortfalls.This comes amid growing budgetary deficits among county governments.
By BY JAMES ANYANZWA AND LILLIAN KIARIE 11 years ago
CMA pushes for counties to raise funds through bonds
Bank sees 5.5pc growth for Kenya
Citigroup expects Kenya’s economy to grow by 5.5 per cent this year helped by strong growth in the agricultural and services sector.
By By JAMES ANYANZWA 11 years ago
Bank sees 5.5pc growth for Kenya
State renews efforts to net hard-to-tax entrepreneurs
INFORMAL SECTOR: Government talks tough as it goes after small businesses and landlords in a bid to meet its revenue targets
By BY JAMES ANYANZWA 11 years ago
State renews efforts to net hard-to-tax entrepreneurs
Safaricom named top taxpayer, once again
Safaricom has for the sixth year in a row emerged the nation’s largest taxpayer as the Kenya Revenue Authority (KRA) moved to fete its compliant taxpayers on Tuesday.
By By JAMES ANYANZWA 11 years ago
Safaricom named top taxpayer, once again
IMF mission gives thumbs-up to Kenya’s economic reforms
The International Monetary Fund (IMF) has given the thumbs up to Kenya’s economic reforms over the last three years, but cautioned against complacency.
By By JAMES ANYANZWA 11 years ago
IMF mission gives thumbs-up to Kenya’s economic reforms
MPs alarmed over cost of devolved governance
The Parliamentary committee on Finance, Planning and Trade has raised concerns over the devolved system of governance, saying the central Government does not have enough funds to finance its operations.
By By JAMES ANYANZWA 11 years ago
MPs alarmed over cost of devolved governance
Governance system a threat to co-operative movement, warns Kuscco
Operations of Savings and Credit Cooperative Societies (saccos) have come under threat from the devolved system of government with fears of eventual collapse.
By By JAMES ANYANZWA 11 years ago
Governance system a threat to co-operative movement, warns Kuscco
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