How KEMSA top bosses made calls for lucrative tenders

By Citizen Reporter,

The Public Investments Committee of the National Assembly was on Friday told how top bosses at the Kenya Medical Supplies Authority (KEMSA) called som...

Briema Grains Limited , KEMSA , Public Investments Committee

Vihiga coach Alumira wary of ‘unpredictable’ Nyuki Starlets

By Geoffrey Mwamburi,

Vihiga Queens head coach Alex Alumira is optimistic he will guide his charges to victory when they host second-tier side Nyuki Starlets on Sunday at t...

Nyuki Starlets , Vihiga Queens

Gov’t tax relief cuts Kenya Power full year loss to Ksh.939M

By Kepha Muiruri,

Kenya Power full year loss contracted from an initial Ksh.2.98 billion to Ksh.939 million from tax credits earned from the relief on corporation tax p...

corporate tax , KENYA POWER

KenGen half year profit down by 38 per cent to Ksh.5.1 billion

By Kepha Muiruri,

Electricity generating firm KenGen has reported a 37.8 per cent profit decline in six months of operations to December 31, 2020 with earnings falling ...

kengen

Kenya Power half-year profit sinks by 80% on bloated financing costs

By Kepha Muiruri,

Utility Company Kenya Power has seen its half year earnings across six months to December 31, 2020 slump by 80.1 per cent to Ksh.138 million from Ksh....

KENYA POWER

COVID-19 cuts 912 Kenyans from dollar millionaires list: Report

By Kepha Muiruri,

COVID-19 related disruptions have cut 912 Kenyans out of the dollar millionaires club according to a new Wealth Report by consultancy firm Knight Fran...

COVID-19 , dollar millionaires , Knight Frank Wealth Report 2020

Acorn raises Ksh.2.5 billion funding as it lists Reits on NSE

By Kepha Muiruri,

Student hostels developer Acorn Holdings has raised Ksh.2.5 billion in new funding as it begins divesting its stake in the project. On Wednesday, t...

Acorn Holdings Africa , Nairobi Securities Exchange (NSE) , Qwetu residences

Why businesses must account for the Digital Services Tax

By Kepha Muiruri,

By 2017, about a quarter of the world’s population or about 1.3 billion people at the time had purchased goods online. This is according to data ...

Digital Services Tax , KRA

Kenyans abroad sent home Ksh.30.5B in January: CBK

By Kepha Muiruri,

Kenyans abroad sent home Ksh.30.5 billion ($278.4 million) last month marking a continued flow in diaspora remittances at the start of the year. Ac...

CBK , Diaspora

Over 1M Kenyans to receive Ksh.8K each in gov’t aid

By Teddy Otieno,

The Government has released 8,728,056,000 shillings for payment to beneficiaries enrolled in the cash transfer programmes. The money, channelled thr...

Kenyan badminton team heading to Uganda

By Agencies,

The Kenya national badminton team will start the journey to qualifying for the 2022 Commonwealth games in Uganda, when they take part in the Uganda In...

KQ poised for Ksh.10B bailout by state

By Citizen Reporter,

The details of the additional cash injection into the national carrier-KQ- are contained in the supplementary budget tabled in the national assembly a...

kq

Indiza dazzles at Safari Golf Tour

By Mkalla Wa Mwambodze,

Long hitting Dismas Indiza carded a six-under par 65 to shoot to a four shot lead on day two of the eighth leg of the 2020-21 Safari Tour Series at th...

Dismas Indiza , Muthaiga Golf Club , Robson Chinhoi , Safari Tour series

CS Magoha now says teachers on duty will be held responsible for school fires

By Citizen Reporter,

Education Cabinet Secretary Prof. George Magoha now says school principals and teachers on duty will be held accountable for incidents of student unre...

KNUT , Prof. George Magoha , school fires , Wilson Sossion

CS Amina fires Wote Stadium contractor

By Michael Mutinda,

The government has sacked the contractor hired to undertake the construction of Wote Stadium in Makueni County over laxity. Speaking during the ins...

CS Amina Mohamed , Wote Stadium

Coaches hail new FKF Women’s Cup tournament

By Geoffrey Mwamburi,

Kenyan Women Premier League (KWPL) clubs coaches has hailed Football Kenya Federation (FKF) move to launch the - FKF women's Cup Tournament saying it ...

61 per cent of half-year tax revenues eaten up by debt payments

By Kepha Muiruri,

Data now shows that 61.4 per cent of all taxes raised between July and December 2020 or about 61 shillings for every 100 shillings raised by the gover...

domestic borrowing , Kenya's public debt , National Treasury

CBK to leave the benchmark rate unchanged at 7 per cent

By Kepha Muiruri,

The Central Bank of Kenya (CBK) is expected to largely retain the benchmark lending rate at seven per cent for most of 2021. The reserve bank whose...

Central Bank of Kenya (CBK) , Central Bank Rate (CBR)

Govt says it is in control of desert locust swarms

By Dennis Otieno,

Since the beginning of September last year, the East African region was facing an acute food security following a second wave of desert locust invasio...

Slum dwellers battle COVID-19 downturn with virtual currency

By Reuters,

Sitting on a low bench at her shop in a Nairobi slum, Grace Wangari sifted through a handful of grains that a waiting customer had just ordered. As...

coronavirus , sarafu