Safaricom valuation hits Sh1tr mark

Safaricom Plc's valuation at the Nairobi Securities Exchange (NSE) crossed the psychological barrier of the Sh1 trillion mark on Thursday last week.

By Macharia Kamau 7 days ago

Tanzania firm refutes Keb's safety concerns over its gas imports

Cooking gas firm Lake Gas has defended the quality of its first bulk consignment of imported cooking gas, insisting it meets the required quality and safety standards.

By Macharia Kamau 7 days ago

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Police explanation of Ojwang's death comes from a familiar past script

Claims surrounding Albert Ojwang's death in a police cell defied common sense and raised doubts about the legitimacy of those in power.

By Macharia Kamau 7 days ago

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It's a mixed bag for Michael Joseph as he formally exits Kenya Airways

Michael Joseph's exit marked the end of a board career spanning a maximum tenure of nine years, marked by both highs and lows.

By Macharia Kamau 8 days ago

Epra increases cost of super petrol in fuel prices changes

Epra has scrapped the petroleum price stabilization or subsidies that are used to cushion motorists from high prices.

By Macharia Kamau 9 days ago

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From Sh4.24 tr to Sh4.29 tr: Mbadi moving numbers raise eyebrows

Treasury has moved goal posts from the spending plan it presented to Parliament in April.Experts say this erodes credibility of the budget-making process, as the numbers can't be relied on.

By Macharia Kamau 9 days ago

Epra boss picked for global energy body's post

The Energy and Petroleum Regulatory Authority (Epra) Director General Danie Kiptoo has been appointed the vice chairman of the International Confederation of Energy Regulators (ICER).

By Macharia Kamau 10 days ago

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Alarm as Kilifi-based Tanzanian gas firm fails key KEBS safety standard

The Kenya Bureau of Standards (Kebs) has rejected a cooking gas consignment that was imported into the country by Lake Gas due to non-compliance with safety standards.

By Macharia Kamau 10 days ago

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Oil firms put on the spot over high LPG cost despite tax exemptions

House budget committee is concerned retail prices have remained high, going up up by 55.7 per cent between 2020 and 2024.VAT on cooking gas was zero-rated in 2023.

By Macharia Kamau 10 days ago

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Debt hole set to deepen, civil servants to lose perks in new plan

Treasury to borrow more from local lenders despite caution by experts and Parliament. Civil servants likely to lose perks while over 110,000 youth will be engaged in climate work.

By Graham Kajilwa and Macharia Kamau 10 days ago

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Mbadi's U-turn: From Ruto's harshest critic to trusted economic voice

John Mbadi frequently derided President William Ruto during his time as an MP He said Ruto was a micro-manager and his Cabinet incompetent: he is now Treasury boss

By Macharia Kamau 11 days ago

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Why IMF, World Bank hand in Kenya budget faces pushback

Among the many placards on display in the streets of Nairobi last June when Kenyans protested against the Finance Bill, 2024 were a few unpalatable ones targeted at the IMF.

By Macharia Kamau and Esther Dianah 21 days ago

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Arrested activist, experts reveal 'hidden' traps in the Finance Bill

Rose Njeri employed her skills to create a web portal that would enable Kenyans to submit their views on the Finance Bill, 2025.

By Macharia Kamau 22 days ago

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World Bank: Use civil servants allowances to upgrade Naivasha

The World Bank wants the government to slash allowances for civil servants conferencing in Naivasha

By Macharia Kamau 22 days ago

TransCentury swings back to profitability after a decade

It is the first time that the firm has reported a full-year profit since 2013, when it reported a Sh2.28 billion loss.

By Macharia Kamau 26 days ago

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World Bank pushes Kenya to hike PAYE to 38pc

The global lender says the move would reduce the average tax rates and other contributions to 18.7 per cent for low-income earners.

By Macharia Kamau 26 days ago

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Michael Joseph's chequered KQ legacy as he heads for exit

Kenya Airways (KQ) chairman Michael Joseph will retire next month after eight years at the helm of the national carrier's board.

By Macharia Kamau 30 days ago

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How Finance Bill 2025 risks hiking Kenya's clean energy costs

According to Kenya's National Electric Mobility Policy, it aims to have EVs contribute 30 per cent of all new vehicles that will be registered by 2030.

By Macharia Kamau 1 month ago

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Ruto's 'no-tax Finance Bill' to raise cost of affordable housing project

The Finance Bill 2025 contains no new tax measures in an attempt by the government to calm Kenyans following last year's anti-government demos.

By Macharia Kamau 1 month ago

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State to revive Nairobi financial hub plan after stuttering start

The Finance Bill 2025 has proposed a raft of new measures to attract firms to the Nairobi International Financial Centre.

By Macharia Kamau 1 month ago

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Finance Bill 2025 will trigger a spike in cost of goods, experts say

Smarting from last year's anti-tax protests, the Treasury has tried to reform tax administration. But migrating zero-rated goods to the VAT-exempt bracket might hit Kenyans' pockets harder.

By Macharia Kamau 1 month ago

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Cost of living: How salaries have changed since last Labour Day

Salaried workers' disposable income has shrunk drastically following increased levies, including NSSF contribution and the housing levy.

By Macharia Kamau 1 month ago

China hails Ruto's visit as major win for Africa and Global South

Chinese Ambassador to Kenya terms trip a success in deepening relations with the continent and other developing nations.

By Macharia Kamau 1 month ago

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What hurts Kenya's industrial takeoff

Kenya's shaky energy supply and its high cost once again became a topic of discussion when the Vietnamese tycoon Doanh Chau critiqued Kenyan leaders for talking big but falling short on delivery.

By Macharia Kamau 1 month ago

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NSSF eyes double growth as it turns 60

The National Social Security Fund (NSSF)on Friday, kicked off its 60th anniversary celebrations with its Annual General Meeting as it eyes growing to a Sh1 trillion fund by 2027.

By Macharia Kamau 1 month ago

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Legal win for firm in Marsabit wind power project standoff

High Court orders Energy Ministry to make public approved projects in the county after failure to comply with a similar Ombudsman's order. Gitson Energy wants assurance its is on the list.

By Macharia Kamau 1 month ago

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How Ruto played China, US amid global response to Trump tariffs

President William Ruto on Wednesday slammed the World Bank and the International Monetary Fund, terming them relics of an old world and unable to deal with many challenges facing the globe today.

By Macharia Kamau 1 month ago

Kenya eyes loans, more deals from China

Kenya will today know the fate of its plans to revive the stalled Standard Gauge Railway to Malaba through Kisumu when Ruto talks with Xi Jinping.

By Macharia Kamau 2 months ago

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Tanzania firm presses on with Kilifi gas plant amid safety fears

Environmentalists note that key safety components, including breakwater protections and proper discharge jetties, remain missing or untested.

By Macharia Kamau 2 months ago

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Tullow exit puts Kenyan firm Gulf Energy in driver's seat for oil riches

Company has been involved in lucrative State deals including G2G oil import tender. Tullow has been trying to get a strategic partner for its operations in Turkana fields.

By Brian Ngugi and Macharia Kamau 2 months ago

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State pushes for shared cooking gas facilities to cut costs, boost access

The Ministry of Energy is pushing for the conversion of privately owned cooking gas handling facilities into common user infrastructure as part of strategy to drive up LPG usage in the country.

By Macharia Kamau 2 months ago

Lack of harmonised laws hurts Africa's ICT take-off

Across Africa, governments and private sector players have poured significant investments into digital infrastructure-from sprawling fibre optic networks to booming mobile payments platforms.

By Macharia Kamau 2 months ago

Slight reprieve for Kenyans as Epra reduces pump prices by Sh2

The reduction of fuel prices was helped by a mix of factors, including the decline in the cost of products globally as well as the government-to-government deal.

By Macharia Kamau 2 months ago

Multinationals on the spot for steep rise in illicit financial flows

New Auditor General report reveals how international firms exploit weak laws and growing use of cryptocurrencies to evade tax. The audit was carried out on foreign companies.

By Macharia Kamau 2 months ago

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Man of steel: Devki boss' iron hold on Ruto's government

For some, Narendra Raval appears to live up to the name that he popularly goes by, Guru.

By Macharia Kamau 2 months ago

Jubilee Health Insurance doubles net profit to Sh910 million

Jubilee Health Insurance Ltd, a subsidiary of Jubilee Holdings, attributed the growth to investments in digital health solutions and operational efficiency during the year.

By Macharia Kamau 2 months ago

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Treasury out of touch as Kenyans struggle with unemployment, cost of living

Budget documents appear to fall short of addressing the harsh financial realities facing Kenyans. As the debt burden increases the government is unable to tame wasteful spending.

By Macharia Kamau and Frankline Sunday 2 months ago

State's push to grow LPG use fizzles out as oil firms cut investments

The resurgence of illegal refilling of gas cylinders has made firms wary of putting out more of their equipment.

By Esther Dianah and Macharia Kamau 2 months ago

Business confidence hits decade low despite private sector growth

Kenya's private sector activity registered growth in March, but it was also marked by a deterioration in confidence among businesses, which dropped to its lowest level in a decade.

By Macharia Kamau 2 months ago

Business confidence falls to 10-year low despite private sector growth

Kenya's private sector activity registered growth in March, but it was also marked by a deterioration in confidence among businesses, which dropped to its lowest level in a decade.

By Macharia Kamau 2 months ago