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NEWS & CURRENT AFFAIRS

Digital News

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Macharia Kamau

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.

By Macharia Kamau 15 days ago

KeNHA accuses transporter of breaching cargo height rule

How Kenyans coped with high living costs, rising energy prices

How Kenyans coped with high living costs, rising energy prices

By Macharia Kamau 16 days ago

Murkomen supports local airlines, opposes open skies policy

Murkomen supports local airlines, opposes open skies policy

By Macharia Kamau 16 days ago

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

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

By Macharia Kamau 18 days ago

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.

By Macharia Kamau 19 days ago

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.

By Macharia Kamau 20 days ago

Financial hardships dampen Easter celebrations among Kenyans

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.

By Macharia Kamau 21 days ago

Graft becoming norm as civil servants oil the vice

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.

By Macharia Kamau 22 days ago

Kenya Pipeline boosts State coffers with Sh5b dividend payout

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.

By Macharia Kamau 23 days ago

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

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.

By Macharia Kamau 23 days ago

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

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.

By Macharia Kamau 24 days ago

NSE banks on new trading platform to revive bond market

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.

By Macharia Kamau 27 days ago

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

By Macharia Kamau 27 days ago

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.

By Macharia Kamau 28 days ago

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.

By Macharia Kamau 30 days ago

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.

By Macharia Kamau 30 days ago

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.

By Macharia Kamau 1 month ago

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.

By Macharia Kamau 1 month ago

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.

By Macharia Kamau 1 month ago

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.

By Macharia Kamau 1 month ago

Petrol prices drop by Sh7 per litre on strengthening shilling

Telkom Kenya the biggest loser as telcos shed 800,000 users

Telkom saw a 36 per cent decline in subscribers from 2.1 million customers as of September last year to 1.34 million subscribers in December.

By Macharia Kamau and Frankline Sunday 1 month ago

Telkom Kenya the biggest loser as telcos shed 800,000 users

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.

By Macharia Kamau 1 month ago

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.

By Macharia Kamau 1 month ago

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.

By Macharia Kamau 1 month ago

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.

By Macharia Kamau 1 month ago

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.

By Macharia Kamau 1 month ago

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.

By Macharia Kamau 1 month ago

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.

By Macharia Kamau 1 month ago

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.

By Macharia Kamau 1 month ago

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.

By Macharia Kamau 1 month ago

Monopoly firms making Kenya unattractive, blocking investors

Why Kenya is graveyard for industries and big companies

Economists say high tax rates, poor infrastructure and high cost of power are among factors that have seen companies shun Kenya.

By Brian Ngugi and Macharia Kamau 1 month ago

Why Kenya is graveyard for industries and big companies

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.

By Macharia Kamau 1 month ago

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.

By Macharia Kamau 1 month ago

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.

By Macharia Kamau 1 month ago

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

'Broke' government living large: Ruto adds Sh3tr to public debt

A new Cabinet brief shows the Kenya Kwanza regime has borrowed Sh3.01 trillion but also received Sh334 billion as grants. CBK, however, puts the national debt at Sh11.14 trillion.

By Benjamin Imende and Macharia Kamau 1 month ago

'Broke' government living large: Ruto adds Sh3tr to public debt

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.

By Macharia Kamau 1 month ago

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

How Treasury plans to raid your pockets to finance Sh4.2tr budget

Over the 2024-25 financial year, the government plans to borrow Sh703 billion, which is lower than the Sh785 billion that it plans to borrow by the end of the current financial year.

By Macharia Kamau and Esther Dianah 1 month ago

How Treasury plans to raid your pockets to finance Sh4.2tr budget

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 Macharia Kamau 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 Macharia Kamau 2 months ago

Cyber attacks increase tenfold on outdated security systems

Officials to blame over city gas explosion

The men who watched as greedy businesses set up death traps. The officials with oversight and regulatory mandate slept on the job.

By Macharia Kamau and Anne Musungu 2 months ago

Officials to blame over city gas explosion

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 Macharia Kamau 2 months ago

Solar waste headache as devices flood Kenyan market

KPC to shorten testing time for petroleum products in lab

The company has to date been outsourcing most of the testing to the Swiss testing and inspection from SGS but has now received accreditation.

By Macharia Kamau 2 months ago

KPC to shorten testing time for petroleum products in lab

KenGen cranks up cheap hydro power as bills remain high

KenGen has said it will ramp up production of electricity from its hydropower plants in Eastern region after water levels reached the highest point in recent years.

By Macharia Kamau 2 months ago

KenGen cranks up cheap hydro power as bills remain high

How EPRA, ministries dropped the ball on Embakasi death plant

Despite rejections and warnings, dangerous gas plant slipped through the cracks resulting in tragedy. Illegal gas plant run by convicted criminals.

By Macharia Kamau and Ronald Kipruto 2 months ago

How EPRA, ministries dropped the ball on Embakasi death plant

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