Kenyan firms lose Ksh.5.5B due to fraud, corruption – Report

By Faizal Ahmed,

Kenyan firms have lost a combined Ksh.5.5 billion from economic crimes including procurement fraud as well as bribery and corruption over the last 24 ...

Othieno’s role at Kenya Power hazy as new boss takes office

By Joseph Bonyo,

The role of former Acting Managing Director and CEO of Kenya Power Jared Othieno remained hazy as substantive boss was appointed. Othieno was consp...

Jared Othieno , KENYA POWER

Demonetization effects filter into value of Kenyan shilling

By Kepha Muiruri,

The value of the Kenyan shilling has continued its recent slide against the US dollar breaching the Ksh.102 mark for only a second time this year, sig...

Central Bank of Kenya (CBK) , demonetization , kenyan shilling , patrick njoroge

Rotich to table Ksh.3T budget amidst discontent over Kenya’s growing debt

By Kepha Muiruri,

Treasury CS Henry Rotich is expected to table the State’s Ksh.3.02trillion budget projections on Thursday afternoon. He will be bringing the gove...

budget , Henry Rotich , National Treasury

Non-compliant ministries, State Corporations face budget cuts: Waita

By Wangui Ngechu,

The government on Wednesday warned all Ministries and State Corporations of budget cuts if they do not upload tender details on the State portal as re...

budget cuts , Nzioka Waita

Delayed approvals of state audits hurting counties, ICPAK

By Kepha Muiruri,

The Institute of Certified Public Accountants of Kenya (ICPAK) has expressed concerns of the potential under-performance of the national budget. Th...

Auditor General , Edward Ouko , ICPAK , Julius Mwatu

Kenya’s private sector mulls creation of corruption referencing bureau

By Kepha Muiruri,

Players drawn from Kenya’s private sector are pondering the creation of a corruption referencing bureau in the course of the next five years, in an ...

Central Bank of Kenya , Habil Olaka , Kenya Bankers Association , KEPSA , Whistle-blower Bill

Treasury eyes PPP deals with disclosure portal

By Kepha Muiruri,

The government is keen on bringing on board more private sector stakeholders into the infrastructural projects funded under public-private partnership...

disclosure , funding , Infrastructure , investment , Joshua Oigara , KCB Group , portal , PPP , PPP disclosure portal , PPP Unit , public private partnerships , transparency , Treasury , Uhuru kenyatta

New airports boss shifts focus to commercializing KAA

By Citizen,

Incoming Kenya Airports Authority (KAA) boss Jonny Andersen has set his sights on improving the authority’s commercial side as part of plans to impr...

Aviation hub , Avinor AS , gateway , Jonny Andersen , Julius Karangi , KAA , KAA Management team , Kenya Airports Authority , Lucy Mbugua , Norway

Nigeria to ease foreign currency restrictions

By Agencies,

Nigeria will keep its restrictions on foreign currency for now to preserve the country's currency reserves amid plunging oil revenues, but will eventu...

Nigeria

Nigeria central bank cuts reserve ratio to boost liquidity

By Agencies,

Nigeria's central bank kept its benchmark interest rate on hold at 13 percent on Tuesday but loosened monetary policy by cutting banks' cash reserve r...

Central Bank , naira , Nigeria