Kenya’s economy slumped into recession after 18 years in September

By Kepha Muiruri,

The Kenyan economy sunk to its first recession after exactly 18 years in September 2020 with gross domestic product (GDP) falling by 1.1 per cent in t...

Kenya National Bureau of Statics (KNBS) , Kenyan economy , recession

KEBS warns supermarkets illegally repackaging sugar, rice and cooking fat

By Citizen Reporter,

Traders involved in the sale of repackaged food products without a Standardization Mark Permit risk seizure of their stock and prosecution in a court ...

KEBS , secured standardization mark

COVID-19: Economic hardships have forced Kenyans back to business as usual – Report

By Kepha Muiruri,

The majority of Kenyans agree with the government view of the resumption of business as usual against the continuous spread of COVID-19 infections in ...

Forget economic growth, focus is on survival – Kenya Bankers Association

By Kepha Muiruri,

Bankers through their representation in the Kenya Bankers Association (KBA) have called for the trading of discussion on growth with survival as the C...

coronavirus crisis , economic growth in Kenya

Treasury admits to intangible economic growth returns to Kenyans

By Kepha Muiruri,

The National Treasury has admitted to lack-lustre economic growth by conceding to Kenyans' feelings of intangible growth in recent years. According...

CS Ukur Yatani , GDP , National Treasury

52% of Kenyans at risk of sliding into poverty

By Citizen Reporter,

A new report from the World Bank Group now shows that 52 percent of Kenyans are now at the risk of falling into the net of poverty within the next two...

KCB fires all Mumias Sugar staff

By Kepha Muiruri,

The KCB Group has terminated all Mumias Sugar Company employee contracts backdating the implementation of the layoffs to September 20. In a press s...

Kakamega County , KCB , Mumias Sugar Company

Nigeria bans imports, exports across land borders

By Duncan Mutwiri,

Nigeria has closed all its land borders stopping the movement of goods except by sea. The customs agency which is in charge of the country's border...

Nigeria

Enter new Nzoia Sugar MD Michael Wanjala Makokha

By Citizen Reporter,

Michael Wanjala Makokha has been elected as the new Nzoia Sugar Managing Director. The company was under Michael Kulundu as the acting MD but he di...

Nzoia Sugar Company

12 Counties Flout Procurement Rules

By Citizen Reporter,

Twelve counties & nine parastatals flout public procurement laws according to a new report by the Public Procurement Regulatory Authority (PPRA) w...

Counties , PPRA , Public Procurement

Kenya inflation falls to 5.49percent in May

By Zeddy Sambu,

Kenya’s year-on-year inflation fell to 5.49% in May from 6.58percent a month earlier. This is thanks to lower food prices, the Kenya National Bur...

Inflation

Corruption, payment delays stifle Kenyan manufacturers – survey

By Reuters,

Kenyan manufacturers are largely operating below capacity and say economic growth prospects are dim due to a cash crunch, drought and corruption, a su...

corruption , Kenyan manufacturers

State corporations, other organizations owe Treasury over Ksh.800B

By Dennis Otieno,

State corporations and other government agencies owe the national government close to Ksh.800 billion in loans. According to last year’s budget e...

coffee board of kenya , kengen , Kenya Airports Authority , kenya railways , Pyrethrum Board of Kenya , State corporations. , Treasury

Kenya gets lifeline to fix local sugar sector with COMESA extension

By Dennis Otieno,

Kenya’s commitment to the revival of the collapsing sugar industry will once again be put to test. This following another extension granted by re...

Butali , COMESA , COMESA safeguards , Competition , government , Nzoia , Nzoia sugar , Saulo Busolo , Sugar , Trade , Transmara Sugar , West Kenya

Mumias CEO fights off ‘termination’

By Violet Auma,

Drama and confusion reigned at Mumias Sugar on Monday as suspended chief executive officer Nashon Aseka made a rather unsuccessful return to work. ...

contract termination , court , dubious transactions , Employment and Labour relations court , Kennedy Ngumbau , Mumias , Nashon Aseka , Sugar

Mumias board suspends CEO over doubtful transactions

By Citizen Reporter,

The board of troubled sugar miller Mumias has suspended chief executive officer Nashon Aseka as it begins a probe into questionable deals entered by t...

board , doubtful transactions , fraud , Kennedy Ngumbau , machinery , Mumias , Nashon Aseka , Sugar , sugarcane

OMBEKO: Gov’t should not take back control of tea sector

By Citizen,

There is a current push to take back control of the tea sector to the government, both in the county and nationally. County governments, Senate and...

cotton , export , farmers , KTDA , parliament , pyrethrum , shareholder , sisal , tea sector

Mumias Sugar loss widens 42pc to Sh6.7bn

By Citizen,

Mumias Sugar Company has reported a 42 percent widening of its full year result despite ongoing efforts to restore the sugar miller. In the period ...

agriculture and food authority , cane availability , Cane Poaching , dividend , electricity sales , ethanol , government bailout , Kennedy Ngumbau , KENYA POWER , Mumias Sugar Company , shareholders , Sugar , Treasury

AFA raises tea output projections on higher rainfall

By Reuters,

Kenya raised its tea production forecast this year to 420-450 million kg from its initial prediction of 416 million kg, due to an improved outlook for...

AFA , agriculture and food authority , Alfred Busolo , black tea , Drought , export market , heavy rains , high tea prices , rainfall , Tea

Mumias brings in new chairman to steer turnaround

By Citizen,

Sugar miller Mumias has overhauled its board after shareholders expressed dissatisfaction with the previous directors. In the shakeup Kennedy Mulwa...

business , Cane Poaching , Dan Ameyo , ethanol , government bailout , John Barorot , Kennedy Mulwa , Mumias Sugar , sugar mill , sugarcane , sugarcane farmers , turnaround strategy