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NEWS & CURRENT AFFAIRS

Digital News

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Kamau Macharia

Acorn reports 21pc growth in net profit

Acorn Holdings is one of the largest developers of Purpose-Built Students Accommodation (PBSA) in the region.

By Kamau Macharia and Tasmima Ibrahim 4 months ago

Acorn reports 21pc growth in net profit

Kenyans pitch to diaspora as firms eye linkages, remittance

Kenyans pitch to diaspora as firms eye linkages, remittance

By Kamau Macharia 4 months ago

Queries over McKinsey contract in Kenya's e-mobility transition

Queries over McKinsey contract in Kenya's e-mobility transition

By Kamau Macharia 7 months ago

Subsidy debts, cheap fertiliser take lion's share of Ruto's mini budget

Subsidy debts, cheap fertiliser take lion's share of Ruto's mini budget

By Kamau Macharia 1 year ago

State's dividend earnings dip for second year to Sh45.5b

The State earned Sh45.53 billion from the various companies that it fully or partially owns over the financial year, which was Sh4.5 billion less than the Sh49.98 billion earned in 2021.

By Kamau Macharia 1 year ago

State's dividend earnings dip for second year to Sh45.5b

Kenya Power records major turnaround with Sh3.8b profit

The Sh3.82 billion half-year performance came on the back of increased electricity sales and lower operating costs.

By Kamau Macharia 2 years ago

Kenya Power records major turnaround with Sh3.8b profit

Why fuel subsidy is pushing small oil marketers to the edge

Firms are facing delays in compensation by the State even after foregoing their margins.

By Edward Kamau Macharia 2 years ago

Why fuel subsidy is pushing small oil marketers to the edge

Court hands a lifeline to second 300MW Marsabit wind project

Justice Pauline Nyamweya has ordered the State to include Gitson Energy’s wind energy project in the Commission’s list of approved projects.

By Kamau Macharia 3 years ago

Court hands a lifeline to second 300MW Marsabit wind project

Auditor General reveals the shame of lopsided power deals

Auditor questions why one of the firms is paid Sh190 per unit of electricity supplied while KenGen gets only Sh5.

By Kamau Macharia 3 years ago

Auditor General reveals the shame of lopsided power deals

Anger, anxiety as more Kenyans react to steep rise in fuel prices

High fuel prices have been effected at a time Kenyans are grappling with adverse effects of Covid-19.

By Kamau Macharia 3 years ago

Anger, anxiety as more Kenyans react to steep rise in fuel prices

Tullow increases Turkana oil field costs to Sh374b

Firm had an earlier estimate of Sh319 billion for bringing to fruition Kenya’s dream. Higher costs follow a new plan for a larger crude oil processing

By Kamau Macharia 3 years ago

Tullow increases Turkana oil field costs to Sh374b

Bamburi bets on clinker, solar plants to tame high costs

The firm’s operating costs grew to Sh18.5 billion in the half-year to June 2021, a 15.6 per cent increase compared to Sh16 billion over last period.

By Kamau Macharia 3 years ago

Bamburi bets on clinker, solar plants to tame high costs

Mega projects and real estate boom attract cement firms

New players including Delta Cement and Mashujaa Cement want to set up new plants in Kenya to take advantage of the huge market.

By Kamau Macharia 3 years ago

Mega projects and real estate boom attract cement firms

What proposed fertiliser rules mean for your village agrovet

Traders will have to seek licences from county director to stock the commodity as stakeholders say regulations could hamper uptake of crucial input.

By Kamau Macharia 3 years ago

What proposed fertiliser rules mean for your village agrovet

Consumers spared price hike as fuel subsidies retained

Fuel prices will remain unchanged for the next one month as the government retains subsidies on petroleum products.

By Kamau Macharia 3 years ago

Consumers spared price hike as fuel subsidies retained

Mining firms starve State of billions in unpaid royalties

Cement producers and mining companies have for years failed to pay levies and royalties running into billions of shillings.

By Kamau Macharia 3 years ago

Mining firms starve State of billions in unpaid royalties

AG’s conflicting advisory

The document conflicts with one issued by the same office disqualifying Mutemi from holding the position while still serving as an employee of IEBC

By Kamau Macharia 3 years ago

AG’s conflicting advisory

State pushes for review of power deals to cut costs

The new attempt comes at a time when over 40 firms signed agreements with Kenya Power to supply a total generating capacity of 2,115MW.

By Kamau Macharia 3 years ago

State pushes for review of power deals to cut costs

KenGen profit doubles on Covid-19 tax relief measures

The company yesterday said its net profit grew to Sh18.38 billion in the year, a 133 per cent rise from Sh7.88 billion that it made in 2019.

By Edward Kamau Macharia 3 years ago

KenGen profit doubles on Covid-19 tax relief measures

Rein in banks too over mobile loans, CBK told

Senate committee says lenders also guilty of predatory lending like their unregulated counterparts

By Kamau Macharia 4 years ago

Rein in banks too over mobile loans, CBK told

Family firms fight to survive virus hit

KPMG study shows staying afloat this year a priority for one in three companies

By Kamau Macharia 4 years ago

Family firms fight to survive virus hit

Rai to supply Webuye paper mill with power from his sugar factory

The company expects to spend Sh331 million in setting the transmission line and export some of the excess power to the national electricity grid.

By Edward Kamau Macharia 4 years ago

Rai to supply Webuye paper mill with power from his sugar factory

Sh57b to oil economy targets youth, SMEs

Health and education are other sectors that will draw support from the economic stimulus programme first detailed in May.

By Kamau Macharia 4 years ago

Sh57b to oil economy targets youth, SMEs

Yatani kicks Kenyans where it hurts most at the worst possible time

Finance Bill 2020 that was introduced in Parliament will expose a vulnerable segment of population who should be accorded help by the State to shocks.

By Kamau Macharia 4 years ago

Yatani kicks Kenyans where it hurts most at the worst possible time

Inflation spikes on cost of unga

Latest KNBS data shows cost of living went up by 4.95pc in October, up from 3.83pc in September.

By Edward Kamau Macharia 5 years ago

Inflation spikes on cost of unga

Centum to shun start-ups after selling struggling beer unit

Centum had expected to shift part of the business from import to local manufacturing, but failed due to challenges in the industry.

By Kamau Macharia 5 years ago

Centum to shun start-ups after selling struggling beer unit

Lobby sounds warning on future of Kenya’s oil sector

Turkana oil project might continue experiencing disruptions in the absence of a legal framework and institutions to oversee the activities in Kenya.

By Kamau Macharia 5 years ago

Lobby sounds warning on future of Kenya’s oil sector

Poor counties lose, rich ones get more cash

Lamu's allocation in the 2019/2020 fiscal year will drop to Sh2.46 billion from previous allocation of Sh3.54 billion.

By Kamau Macharia 6 years ago

Poor counties lose, rich ones get more cash

Treasury, regulators in tug of war over their revenues

Various industry watchdogs are putting up a spirited fight to keep billions of shillings they collect in licence charges and fines.

By Otiato Guguyu and Kamau Macharia 6 years ago

Treasury, regulators in tug of war over their revenues

Heated debate as State plans to sells gems and chaff

Analysts say while privatisation is the way to go, a fire sale shows desperation and will result in undervaluation with the taxpayer getting the short

By Otiato Guguyu and Kamau Macharia 6 years ago

Heated debate as State plans to sells gems and chaff

Hold off sale of weak firms, State advised

The Privatisation Commission has only concluded the sale of Kenya Wine Agencies Ltd (Kwal) to Distell.

By Edward Kamau Macharia 6 years ago

Hold off sale of weak firms, State advised

Consumers face price hikes on goods over new fuel levy

Manufacturers say they will not absorb additional production cost but pass it on to buyers if punitive tax is not suspended.

By Kamau Macharia 6 years ago

Consumers face price hikes on goods over new fuel levy

Jambojet losses deepen due to delivery delays

The airline had retired its older planes due to age affecting its operations.

By Kamau Macharia 6 years ago

Jambojet losses deepen due to delivery delays

Kenya Airways freezes sale of assets, steps up growing airline tickets

Kenya Airways has frozen sale of its assets and will instead focus on growing sale of airline tickets to generate enough cash to meet its obligations

By Edward Kamau Macharia 6 years ago

Kenya Airways freezes sale of assets, steps up growing airline tickets

New rating exposes hotels’ falling standards

Are you paying five-star rates and receiving third-rate services that do not tally with the charges at a hotel?

By Kamau Macharia 6 years ago

New rating exposes hotels’ falling standards

Why consumers are staring at higher electricity bills, again

Kenyans could be in for another round of power price hikes with hydroelectric power generation expected to take a hit from the current dry spell.

By Edward Kamau Macharia 6 years ago

Why consumers are staring at higher electricity bills, again

Carbon credit boon for KenGen

Power producer KenGen earned Sh57 million from the sale of carbon credits in the year to June this year.

By Kamau Macharia 7 years ago

Carbon credit boon for KenGen

Quantum finalises Savannah stake sale

Quantum Global has concluded its exit from local cement maker, Savannah Cement.

By Edward Kamau Macharia 7 years ago

Quantum finalises Savannah stake sale

KenGen appoints acting chief executive

Power producer KenGen is yet to find a replacement for its outgoing chief executive despite a lengthy search that started in February this year.

By Edward Kamau Macharia 7 years ago

KenGen appoints acting chief executive

Opportunities for Kenya enterprises in China's Belt and Road initiative

Standard Chartered has taken an active role in the China Belt and Road (B&R) initiative through which China hopes to create a seamless trade route connecting countries in Africa, Asia and Europe through railway, road and maritime networks including Kenya’s Standard Gauge Railway.

By Edward Kamau Macharia 7 years ago

Opportunities for Kenya enterprises in China's Belt and Road initiative

KRA to deactivate taxpayers from iTax in bid to enforce compliance

Taxpayers who have not regularised their details on the Kenya Revenue Authority’s online platform will be deactivated.

By Kamau Macharia 7 years ago

KRA to deactivate taxpayers from iTax in bid to enforce compliance

Nairobi to host Google’s Internet firm

CSquared, which has built metro fibre networks in Accra, Ghana, will be headquartered in Nairobi with similar metro networks in other towns and cities in the country and Africa.

By Edward Kamau Macharia 7 years ago

Nairobi to host Google’s Internet firm

National oil in plans to drill fist oil exploratory well in Magadi

The State-owned firm operates Block 14 T in Magadi area and has been undertaking some preparatory work on the block, including carrying out seismic and geological surveys as well as drilling shallow wells.

By Edward Kamau Macharia 7 years ago

National oil in plans to drill fist oil exploratory well in Magadi

Early crude oil production faces delays

The early oil pilot scheme that was expected to see Kenya start producing and exporting crude oil on a trial basis next month might face delays.

By Kamau Macharia 7 years ago

Early crude oil production faces delays

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