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NEWS & CURRENT AFFAIRS

Digital News

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Domnic Omondi

How the rich splurged on pizza and fuel after Covid lockdowns

The increased spending on fuel and prepared foods in September pushed up their inflation rate.

By Domnic Omondi 2 years ago

How the rich splurged on pizza and fuel after Covid lockdowns

Why trade pact might hand UK Kenya’s Sh2.4trillion marine wealth

Why trade pact might hand UK Kenya’s Sh2.4trillion marine wealth

By Domnic Omondi 3 years ago

The problem with PPP deals

The problem with PPP deals

By Domnic Omondi 3 years ago

Kenyans move to traditional foods as price of wheat products go up

Kenyans move to traditional foods as price of wheat products go up

By Mercy Orengo and Domnic Omondi 3 years ago

Kenya borrows Sh560b in five months to plug budget deficit

This was Sh32 billion more than what it earned in taxes with KRA collecting Sh527.8 billion between July and November last year

By Domnic Omondi 3 years ago

Kenya borrows Sh560b in five months to plug budget deficit

How graft is turning Kenya into a graveyard for startups

New World Bank report finds the country overly relies on firms that have existed for decades but create few jobs

By Domnic Omondi 3 years ago

How graft is turning Kenya into a graveyard for startups

State job cuts loom in Yatani deal with IMF for more cash

Plan to merge or dissolve hundreds of parastatals to qualify for Sh250 billion loan would render thousands of civil servants jobless

By Domnic Omondi 3 years ago

State job cuts loom in Yatani deal with IMF for more cash

Covid tax goodies to go as Yatani battles to pay debt

Tough choices for the Government as it fights to find money to repay its loans and jumpstart an economy that's on its knees

By Domnic Omondi 3 years ago

Covid tax goodies to go as Yatani battles to pay debt

Weakening shilling turns into a double-edged sword for Kenyans

A weak shilling has also benefited speculators, said Tony Watima, an economist.

By Domnic Omondi 4 years ago

Weakening shilling turns into a double-edged sword for Kenyans

Court saves National Bank of Kenya from losing cash

This is after National Bank went to High Court seeking the reversal of the lower court’s decision to refund ‘money’ to a dormant account

By Domnic Omondi 4 years ago

Court saves National Bank of Kenya from losing cash

Mobile cash transactions hit a record Sh474b in August

This is an increase of almost a third compared to the same period last year when mobile cash transactions were valued at Sh364 billion

By Domnic Omondi 4 years ago

Mobile cash transactions hit a record Sh474b in August

Why the government has to print money

In just seven days, the Central Bank released Sh15 billion that the Treasury needed to meet expenses but it didn’t have it in its accounts

By Domnic Omondi 4 years ago

Why the government has to print money

Deal gone bad: How Tuju’s Sh2.4b real estate dream fell apart

How did a project that was given a clean bill of health by a respectable audit firm come to flounder? Who is to blame?

By Domnic Omondi 4 years ago

Deal gone bad: How Tuju’s Sh2.4b real estate dream fell apart

Magufuli stabs Kenya in fight for EA oil wealth

Tanzania, a latecomer in the pipeline deal, appears to have courted Uganda to bag lucrative infrastructure project.

By Domnic Omondi 4 years ago

Magufuli stabs Kenya in fight for EA oil wealth

Professions with the most job vacancies

Kenya has been churning out more business managers than scientists and technicians

By Domnic Omondi 4 years ago

Professions with the most job vacancies

Co-op Bank in Sh500m lending pact with fertiliser company

The scheme will enable distributors to increase their stock to meet the high demand for fertiliser during the short rain planting season

By Domnic Omondi 4 years ago

Co-op Bank in Sh500m lending pact with fertiliser company

Economy begins to snap back to life as flow of cash picks up

CBK data shows rise in the value of mobile and ATM transactions after steep slump in April.

By Domnic Omondi 4 years ago

Economy begins to snap back to life as flow of cash picks up

Housing startup in receivership

Shelter Afrique appoints receivers to recover Sh205m from Kisumu firm

By Domnic Omondi 4 years ago

Housing startup in receivership

Jamii Bora now Kingdom Bank

Former Co-op Bak director in charge of credit management Antony Mburu named the chief executive officer

By Domnic Omondi 4 years ago

Jamii Bora now Kingdom Bank

KRA could give back Sh725m in tax row with Coca-Cola

By Domnic Omondi 4 years ago

KRA could give back Sh725m in tax row with Coca-Cola

Big shots, corporates vanish with Sh79b failed banks loans

New CBK data shows the Government owed the condemned lenders another Sh776m in T-bills and bonds, bringing total to Sh83.9b

By Domnic Omondi 4 years ago

Big shots, corporates vanish with Sh79b failed banks loans

Covid-19 pushes ministry budget beyond Sh83b

Huge chunk of the Sh83 billion spent in second half of fiscal year to boost country’s preparedness to control spread of Covid-19

By Domnic Omondi 4 years ago

Covid-19 pushes ministry budget beyond Sh83b

Bill seeks to give local firms the edge in State contracts

Proposals in amendment to procurement law increase the ceiling for projects that should be exclusive for citizens

By Domnic Omondi 4 years ago

Bill seeks to give local firms the edge in State contracts

Covid-19 separates the men from boys of corporate Kenya

Thanks to their solid financial grounding, some of the most profitable firms in the country have warded off the adverse effects of Covid-19

By Domnic Omondi 4 years ago

Covid-19 separates the men from boys of corporate Kenya

CBK forex reserves up to 11-month high

The increase is attributed to exports and inflows from global financiers such as IMF, World Bank

By Domnic Omondi 4 years ago

CBK forex reserves up to 11-month high

Cheap credit for State as bond yields plunge

Investors put their cash into government securities, a situation that saw the inter-bank rate rise to 4.53 per cent

By Domnic Omondi 4 years ago

Cheap credit for State as bond yields plunge

Centum still in property market, to build 4,327 units

Centum Investment Group says had not recorded any losses on its property business

By Domnic Omondi 4 years ago

Centum still in property market, to build 4,327 units

Lights dim for Kenya Power shareholders

Company issues profit warning as Covid-19 affects electricity sales and operations

By Domnic Omondi 4 years ago

Lights dim for Kenya Power shareholders

Why Kenyans borrowed cheaply in the month of April

Private sector credit grew by nine per cent in the 12 months to April 2020, the largest increment since May 2016

By Domnic Omondi 4 years ago

Why Kenyans borrowed cheaply in the month of April

Buyers dump apartments for townhouses as prices decline

KBA survey shows housing sector is heading for correction after sustained growth

By Domnic Omondi 4 years ago

Buyers dump apartments for townhouses as prices decline

Banks withdraw 2019 dividend amid uncertainty

Surge in bad loans forces Equity, StanChart and NCBA to hold onto shareholders’ cash

By Domnic Omondi 4 years ago

Banks withdraw 2019 dividend amid uncertainty

Big appetite for loans could dash Kenya’s debt relief hope

IMF source says expensive Eurobonds and Chinese loans not among those being considered for waivers at the moment

By Domnic Omondi 4 years ago

Big appetite for loans could dash Kenya’s debt relief hope

Relief for borrowers as CBK orders CRBS to delist Sh1,000 debts

The new measures are a huge relief for thousands of Kenyans who had been listed for small amounts

By Domnic Omondi 4 years ago

Relief for borrowers as CBK orders CRBS to delist Sh1,000 debts

Counties can net Sh173 billion in revenue - report

Property tax, building permits, business licenses and vehicle parking fees can enhance revenue streams

By Domnic Omondi 4 years ago

Counties can net Sh173 billion in revenue - report

Broke government with limited options in fight against coronavirus

State finds itself between a rock and a hard place as calls for a stimulus package to keep the economy afloat increase, yet coffers are in the red

By Domnic Omondi 4 years ago

Broke government with limited options in fight against coronavirus

Shilling down to lowest level since October

Kenya confirmed its fourth case of coronavirus on March 17

By Domnic Omondi 4 years ago

Shilling down to lowest level since October

It’s a matter of time before bleeding economy goes into coma

It started as a deadly sneeze in China’s Wuhan, but soon spiralled into a global emergency

By Domnic Omondi 4 years ago

It’s a matter of time before bleeding economy goes into coma

Data shows job market haunted by huge skills mismatch

Of the 12 million households that were counted during the 2019 census, 6.3 million said they were farmers

By Domnic Omondi 4 years ago

Data shows job market haunted by huge skills mismatch

Kenya: The Sh10 trillion economy with 45 million poor people

Even with swelling GDP numbers, one in two Kenyans are jobless, and most of those who are working are a payslip away from poverty

By Domnic Omondi 4 years ago

Kenya: The Sh10 trillion economy with 45 million poor people

Taxman seeks Sh800 billion in five months

KRA has to improve on its average monthly collection of Sh128b to hit Sh1.7tr target set in this year’s spending plan

By Domnic Omondi 4 years ago

Taxman seeks Sh800 billion in five months

We are not broke, says Tullow boss

The statement followed report that expressed doubt on whether the company could deliver Kenya’s promised oil riches

By Domnic Omondi 4 years ago

We are not broke, says Tullow boss

The transport question sinking oil export dream

State yet to provide clear timelines on plans to construct pipeline that would get crude oil to coastal ports

By Domnic Omondi 4 years ago

The transport question sinking oil export dream

State now turns to borrowing to offset piling pending bills

Uhuru reveals plans for Sh150b infrastructure bond, with part of proceeds going to paying roads contractors.

By Domnic Omondi 4 years ago

State now turns to borrowing to offset piling pending bills

Year ends with broken dreams and deflated hopes of fortune

About half of Kenyans polled by market research company found the going tough

By Domnic Omondi 4 years ago

Year ends with broken dreams and deflated hopes of fortune

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