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NEWS & CURRENT AFFAIRS

Digital News

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Macharia Kamau

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.

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

Data tops Safaricom Ethiopia earnings as unit eyes profit

Data tops Safaricom Ethiopia earnings as unit eyes profit

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

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

Local financiers to get bigger pie of PPPs in new proposal

Local financiers to get bigger pie of PPPs in new proposal

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.

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

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.

Kenya eyes green hydrogen to deepen renewable energy usage

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.

Epra leaves pump prices unchanged, slashes subsidy

Public participation on Finance Bill begins

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

Public participation on Finance Bill begins

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.

Reduced incomes, cash-starved private sector strain economy

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.

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

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.

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

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.

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

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.

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

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.

Maize production in 2024 drops despite Govt claims of record harvest

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.

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

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.

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

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.

State to revive Nairobi financial hub plan after stuttering start

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.

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

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.

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

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.

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

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.

What hurts Kenya's industrial takeoff

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.

NSSF eyes double growth as it turns 60

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.

Legal win for firm in Marsabit wind power project standoff

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.

Kenya eyes loans, more deals from China

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.

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

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.

Tanzania firm presses on with Kilifi gas plant amid safety fears

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.

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

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.

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

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.

Slight reprieve for Kenyans as Epra reduces pump prices by Sh2

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.

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

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.

Multinationals on the spot for steep rise in illicit financial flows

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.

Jubilee Health Insurance doubles net profit to Sh910 million

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.

Business confidence hits decade low despite private sector growth

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.

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

State edges KPC out of cooking gas plant deal for Nigerian firm

State-owned firm will now bear the costs of the work it had done in preparation for construction.

State edges KPC out of cooking gas plant deal for Nigerian firm

Tourism industry raises concerns over ETA system delays

Kenya introduced the ETA system last year, requiring visitors to obtain authorisation before entry.

Tourism industry raises concerns over ETA system delays

How Nairobi-Addis deal is fuelling surge in Kenya's electricity imports

Kenya's northern neighbour accounted for 10.48 per cent of all the power that was consumed in the country over the six months to December.

How Nairobi-Addis deal is fuelling surge in Kenya's electricity imports

Smaller lenders lead in cheap loans as costs fall marginally

Citibank Kenya tops list, with its loans averaging 12.78 per cent in February this year, down from 18.47 per cent in September 2024.Others, like KCB Group, however, saw their rates go up.

Smaller lenders lead in cheap loans as costs fall marginally

Treasury to borrow more locally in a bid to tame rising loan costs

Households and businesses could be further squeezed out of credit as the National Treasury plans to crank up borrowing from local banks in coming years.

Treasury to borrow more locally in a bid to tame rising loan costs

Will fresh blood at helm of KTDA turn the tide for tea farmers?

After losing twice in the elections, Chege Kirundi was third-time lucky when he finally won the Kenya Tea Development Agency (KTDA) chairmanship in January this year.

Will fresh blood at helm of KTDA turn the tide for tea farmers?

Kenya to restart licensing of 10 oil and gas blocks in September

Over 10 highly prospective blocks have been identified and selected based on geo-scientific data.

Kenya to restart licensing of 10 oil and gas blocks in September

Equity boss roots for African businesses as top US varsity visits

Equity Group Chief Executive James Mwangi says despite market competition and challenges, Africa has immense business potential and opportunities.

Equity boss roots for African businesses as top US varsity visits

Chinese firm to aid agency's plan for Kenya's first nuclear plant

The Nuclear Power and Energy Agency (NuPEA) has inked a partnership deal with the China Nuclear Engineering and Construction Corporation (CNECC) International Engineering Co.

By 2 months ago

Chinese firm to aid agency's plan for Kenya's first nuclear plant

NSSF doubles contributions to sh59.14 billion for year ending June 2024

Contributions to the National Social Security Fund (NSSF) more than doubled to Sh59.14 billion over the year ending June 2024 following the higher rates that came into effect early 2023.

By 2 months ago

NSSF doubles contributions to sh59.14 billion for year ending June 2024

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