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How mega dam will increase Ethiopia's prominence in Kenya's power sector

Ethiopia's role in stabilising Kenya's power supply is set to expand following the completion of its Grand Ethiopian Renaissance Dam (GERD), launched Tuesday this week.

By Macharia Kamau 1 month ago

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State seeks private funding to rekindle cheap gas project

The Energy Ministry has invited bids from firms to distribute 6kg cylinders to households in rural and peri-urban areas.The State will cater for 40 per cent of the costs.

By Macharia Kamau 1 month ago

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CoB backs new e-procurement, faults Treasury's poor rollout

Controller of Budget Margaret Nyakang'o has called for electronic procurement in government but faulted the National Treasury for poorly managing its rollout.

By Barrack Muluka, Macharia Kamau 1 month ago

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Broad based CSs: ODM quartet, Mt Kenya trio and the betrayal of Gen Zs

The ODM quartet of John Mbadi, Opiyo Wandayi, Hassan Joho and Wycliffe Oparanya took over as Cabinet Secretaries one year ago.

By Macharia Kamau 1 month ago

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Road agencies and varsities top entities with high pending bills

Parastatals drawn from just four ministries accounted for more than 83 per cent of the money that State corporations owed businesses as of June this year.

By Macharia Kamau 1 month ago

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COB, MPs accuse Treasury of evading House in funds approvals

Controller of Budget Margaret Nyakang'o has faulted the State for its continued over-reliance on Article 223 of the Constitution to finance existing government programmes.

By Josphat Thiong'o and Macharia Kamau 1 month ago

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Pending bills surge to Sh525b, crippling businesses and straining SMEs

State corporations owe Sh404.3 billion, MDAs Sh120.5b in arrears. Verification committee delays fuel doubts over Treasury's commitment to resolve issue.

By Macharia Kamau and Graham Kajilwa 1 month ago

Kenyan firm sues Tanzania at regional court in tax row

Match Masters has filed a case against Tanzania seeking to quash provisions in the Finance Act, 2025, imposing a higher excise duty on goods supplied by EAC member states.

By Macharia Kamau 1 month ago

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How Mbadi's Sh5 billion mess risks government shutdown

Questions are emerging over the efficiency and reliability of the E-Procurement System.The system is a joint venture between Sybyl Kenya and iSourcing Technologies PVT of India.

By Lewis Nyaundi and Macharia Kamau 2 months ago

Kenya doubles down on plan to give foreign carriers more access

The government has made another attempt to further open up Kenyan skies to foreign carriers, giving them greater freedom and flexibility in flying into Kenya.

By Macharia Kamau 2 months ago

Why KQ is back down to earth

Kenya Airways (KQ) has slid back into loss-making, reporting a net loss of Sh12.15 billion for the half year to June 30 this year, from a profit of Sh513 million reported last year.

By Macharia Kamau 2 months ago

What the money paying US lobbyists can do to improve education sector

When looked at from how much the government spends annually in the education sector, Sh22.7 million ($175,000) per month might seem negligible, a drop in the ocean.

By Macharia Kamau 2 months ago

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The making of a national power crisis

Peak in electricity demand poses challenges for Kenya, whose power production has not kept pace with the growth in demand.

By Macharia Kamau 2 months ago

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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 Macharia Kamau 2 months 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 Macharia Kamau 2 months 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 Macharia Kamau 2 months 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 Macharia Kamau 2 months 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 Macharia Kamau 2 months 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 Macharia Kamau 2 months ago

Mbadi blasts governors for non-remittance of pension dues

Treasury CS John Mbadi said unremitted pension debt by the counties has ballooned to over Shh103 billion.

By Macharia Kamau and James Omoro 2 months ago

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Why state has weaponised KRA to rein in on Ruto critics

Individuals and companies perceived to be critical of government are getting KRA calls. From accounts being closed to tax certificates being revoked taxman is on overdrive

By Macharia Kamau and Okumu Modachi 2 months 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 Macharia Kamau 3 months 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 Macharia Kamau 3 months 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 Macharia Kamau 3 months 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 Macharia Kamau 3 months 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 Macharia Kamau 3 months 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 Macharia Kamau 3 months 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 Macharia Kamau 3 months ago

Retail investors win big as Nairobi bourse drops 100 minimum shares

Buying shares in blocks of 100 had kept many retail investors away from high-value stocks.

By Clare Ochieng and Macharia Kamau 3 months 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 Macharia Kamau 3 months ago

Sh7 hike in road levy ups revenue collection by 51 per cent

KRA collects the levy on behalf of the Kenya Roads Board, which is then disbursed to different roads agencies for the maintenance of Kenya's network of roads.

By Clare Ochieng and Macharia Kamau 3 months 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 Macharia Kamau 3 months 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 Macharia Kamau 3 months 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 Macharia Kamau 3 months 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 Macharia Kamau 3 months 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 Macharia Kamau 3 months 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 Macharia Kamau 3 months 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 Macharia Kamau 3 months 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 Macharia Kamau 3 months 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 Macharia Kamau 3 months ago