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Why tolling of Mau Summit Road is still a thorn on its expansion

Crippling traffic jams on the Nairobi-Nakuru Highway, which are increasingly becoming frequent, appear to make a case for the expansion of the road.

By 4 days ago

Why Trump is resetting Biden's-era trade talks with Kenya

Kenya and the US are set to start negotiations on a new trade agreement as the country seeks to secure billions earned in exporting goods to the US as uncertainty clouds the extension of Agoa.

By 7 days ago

Diamond Trust Bank half-year profit up 10pc

Diamond Trust Bank (DTB) Kenya has reported a 9.9 per cent jump in profit after tax for the six months to June this year, which it attributed to growth in net interest income. 

By 8 days ago

StanChart to make dividend payout despite 21pc dip in half-year earnings

Standard Chartered (StanChart) Bank Kenya has reported a 21 per drop in profit for the six months to June 30 this year.

By 8 days ago

Parliament to have say on sale of State corporations

A new Bill, aimed at easing the process of selling part of the government's shareholding in state corporations, has proposed giving Parliament powers to oversee the process.

By 9 days ago

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Renewed hope as Kenya eyes billions in mining

The mining sector, which had been in a free fall since 2022 posted a 10 per cent growth in the first quarter of this year, a sharp contrast to the successive contractions.

By 10 days ago

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Epra on the spot for 'siding' with big oil firms in cooking gas row

Regulator accused of surrendering its compliance enforcement role to major players.Small LPG dealers accuse marketers of trying to squeeze them out of business.

By 29 days ago

KenGen's wind power project in Marsabit faces new hurdles

A wind power plant planned by KenGen in Marsabit County has split the host communities, with different groups now expressing divided opinion on key aspects of the project.

By 1 month ago

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Ruto's rush to sell plum state corporations raises eyebrows

There are concerns that among the entities that are listed for sale are strategic assets and placing them in private hands could compromise on sensitive areas, some touching on national security.

By 1 month ago

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Sectional titles' push and pull that is frustrating home owners

What began as a dream to own a slice of prime property on Nairobi’s coveted Riverside Drive in 2020 has degenerated into a frustrating nightmare. 

By 1 month ago

Ruto: KPC set for September listing at bourse in State firms sale plan

President William Ruto expects the Cabinet to approve the planned listing of Kenya Pipeline Company by the end of July and the Initial Public Offering (IPO) to open in September.

By 1 month ago

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Firms to wait longer for payment as pending bills verification drags on

The exercise that started in September 2023 was expected to end last year. However, it has received several extensions, the latest being the end of June this year.

By 1 month ago

Gulf Energy's affiliate inches closer to oil project takeover

London-listed Tullow Oil has formally signed a deal to sell its entire Kenyan assets to Auron Energy, an affiliate of influential local firm Gulf Energy.

By 1 month ago

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How latest sharp rise in fuel pump prices exposes gaps in energy sector management

Prices went up by about Sh9 per litre, laying bare subpar investments in the crucial industry and the uncoordinated manner of operation by the different State agencies.

By 1 month ago

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State's appetite for fuel taxes pushes up pump prices

For every litre of super petrol, government makes Sh82.33. Analysts believe that tax from fuel is the easiest to raise for the government.

By 1 month ago

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How higher oil marketers' margins adds to the pain of higher fuel prices

The Energy and Petroleum Regulatory Authority on Monday increased the margins for oil marketing companies by Sh2.15 per litre.

By 1 month ago

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Lessons for local entrepreneurs to end streak of failed startups

Kenya’s start-up ecosystem is littered with failures. In recent months, many start-ups have closed shop, while more are teetering on the edge, uncertain of their future.

By 1 month ago

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Epra under fire over sharp rise in fuel prices

The Energy and Petroleum Regulatory Authority (Epra) on Monday increased fuel prices by steep margins, resulting in pump prices reaching the highest point since September last year.

By 1 month ago

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Exit lane: Sudden top exits at road agencies expose power struggles

DGs Ndung’u and Kandie allegedly ousted for straying from Kenya Kwanza script.

By 1 month ago

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Multinational companies close shop as Ruto buries head in sand

High taxes, cost of fuel and electricity, bad infrastructure, unpredictable policies to blame.President however thinks its brouhaha as many are coming on board in his estimation

By 1 month ago

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Manufacturing sector shrinks as Ruto regime reverses Kibaki gains

In the Vision 2030 development plan, manufacturing was supposed to contribute 15 pc. During Kibaki’s era, the sector contributed 19pc in 2003; under Ruto it had declined to 7.3 pc last year.

By 1 month ago

Businesses warn looting a threat to job creation and investments

Lobbies say these add to a “deteriorating business environment that makes it challenging for the private sector.”

By 1 month ago

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NSE defies unrest, economic hardships to post huge rebound

NSE has implemented reforms aimed at enhancing market depth, efficiency and transparency, generally improving the investment climate and restoring investor confidence.

By 1 month ago

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Crown Paints hit by executive exits as CEO stripped of key roles

Company commands more than 60pc of market share in the premium paints category, loses six senior managers in a span of two weeks as Rao’s power whittled down.

By 1 month ago

Ruto lures foreign investors to NSE with promise of Kenya Pipeline listing

President William Ruto says KPC will be sold this year as part of the privatisation of State agencies.

By 1 month ago

Logistics firm Express Kenya unveils Sh13b real estate project

First phase of project that will include a mall and petrol station in Nairobi to cost Sh250 million.The company, which started in 1918 and listed at the NSE in 1978, has seen earnings drop.

By 1 month ago

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Creative economy: Missed opportunities from neglect despite talk about big numbers

Kenya is set to host the Chan tournament, which presents an opportunity to set up the creative industry players to tap into a billion-dollar creative economy.

By 1 month ago

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Property firms, telcos risk fines for locking out small internet firms from buildings

Larger ISP are on the radar of the Competition Authority of Kenya (CAK) for signing contracts with real estate developers that lock out smaller ISPs

By 2 months ago

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Cabinet okays Bill barring President from appointing political allies to state corporations

The President will no longer be appointing political allies to board positions in state corporations in planned reforms to government agencies.

By 2 months ago

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Political appointees to lose board jobs in Cabinet's parastatal reforms

The President will no longer have the luxury of appointing political allies to plum board positions in State corporations in planned reforms to government agencies.

By 2 months ago

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Why Ngugi wa Thiong'o disappointed Kenyans, Africans in death

In his effort to ‘decolonise the mind’, he mounted cultural battles to fight mental remnants of colonialism that lingered into postcolonial times.

By 2 months ago

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MPs dismiss email submissions on Finance Bill 2025 as spam

Committee said a huge number of emails it received contained the same message, causing the system to crash.

By 2 months ago

CAK eyes forensic lab, stricter laws to enhance consumer protection

Watchdog's latest strategic plan has prioritised the fight against Big Data and AI-powered abuses.

By 2 months ago

Ruto signs new law in fight against dirty cash

The enactment of the new law, State House said in a statement, represents a decisive step in bolstering the country's financial system against illicit financial flows.

By 2 months ago

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KQ searches for new partner to set up regional airline after S Africa bolts out

KQ and SAA in 2021 signed a partnership framework that was expected to form the Pan African Airline Group.

By 2 months ago

State contractors to wait longer for payment as pending bills audit drags

The large sums of money that the government owes to businesses continue to be a thorny issue despite the National Treasury having committed to resolving it.

By 2 months 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 2 months 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 2 months ago

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 2 months 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 2 months ago