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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 1 day 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 2 days ago

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How firm defied KPA safety concerns to discharge cooking gas in Kilifi

KPA had earlier undertaken a navigation simulation of how ships would approach the Lake Gas terminal.

By 4 days ago

MPS query fate of Sh4.2b earned from trading housing levy funds

State Department for Housing had loaned the government Sh46 billion through Treasury Bills. The interest earned has, however, not been factored into the budget for the financial year 2025/26.

By 8 days ago

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House team okays Treasury's Sh4.24tr spending plan amid concerns

National Assembly's Budget Committee approves budget estimates for the FY 2025-26.It, however, notes the ministry has either underfunded or failed to allocate funds in some areas

By 9 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 13 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 13 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 Sh626 million profit.

By 16 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 17 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 20 days ago

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Social media rants won't grow economy, Industry PS fires back

PS: You might rant all you want online about the state of the Kenyan economy, but as long as you are not buying locally made products, your views will not amount to much. 

By 24 days ago

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Why Narok airport is not a key pick for aviation sector players

The National Treasury is set to pump Sh700 million into the project which is expected to be ready in 15 months.

By 25 days ago

Data tops Safaricom Ethiopia earnings as unit eyes profit

Its mobile money platform M-Pesa earned the company Sh12.5 million, with Safaricom now planning to launch Fuliza in Ethiopia in a move that could increase earnings for the company.

By 25 days ago

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New PPPs model opens door for local firms after Adani deals flop

Kenyan firms are angling to invest in the country’s key mega infrastructure projects including the JKIA.

By 27 days ago

Local financiers to get bigger pie of PPPs in new proposal

Report by a committee of experts says local investors can finance up to 30 per cent of the country’s development expenditure.Treasury has proposed an outlay of about Sh700 billion on devt.

By 28 days ago

CMA approves Standard Group's Sh1.5b rights issue

The media company plans to invest in digital growth as part of an ongoing re-organisation. Shareholders now have a chance to raise their stake at a discounted price.

By 29 days ago

Kenya eyes green hydrogen to deepen renewable energy usage

Kenya is looking at deepening its renewable energy use through green hydrogen, which is tipped to hold immense potential in cleaning up industries as well as creating new jobs.

By 30 days ago

Epra leaves pump prices unchanged, slashes subsidy

The cost of fuel has generally been reducing over the last year, with the cost of petrol going down from above Sh200 seen at the start of last year to the current levels.

By 1 month ago

Public participation on Finance Bill begins

The National Assembly has opened a window for Kenyans to give their views on the Finance Bill 2025.

By 1 month ago

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Reduced incomes, cash-starved private sector strain economy

Kenyans are grappling with reduced disposable income as increased statutory deductions and higher taxes—both direct and indirect—weaken their spending power.

By 1 month ago

KCB clocks Sh53.2b in green loans as climate finance race hots up

Banks are racing to increase the amount of loans advanced to environmentally friendly projects to combat the effects of climate change.

By 1 month ago

Safaricom profit jumps 7.2pc as total earnings now hit Sh388.7b

The Group’s full-year net profit rose to Sh45.7 billion, with the Kenyan business booking a Sh95.4 billion profit.The Ethiopian unit, however, saw its loss widen to Sh49.8 billion.

By 1 month ago

Motor industry registers drop as cash strapped businesses, households stay away

The number of newly registered vehicles dropped 21.4 per cent, the lowest since 2017. Motorcycles registered also continued a multi-year decline and hit a low in 16 years.

By 1 month ago

Kenya Kwanza's pet projects post slow growth in ailing economy

This resulted in drop in economic growth to 4.7 percent in 2024 from 5.7 percent in 2023.Construction sector was expected to grow due to the affordable housing programme.

By 1 month ago

Maize production in 2024 drops despite Govt claims of record harvest

The lower production casts doubt as to whether President Ruto’s programmes aimed at ensuring Kenya is food secure and no longer relies on imports are working.

By 1 month 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 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 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 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 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 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 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 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.

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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.

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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.

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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.

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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 1 month 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 1 month 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 1 month 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 1 month ago