Kenya’s commercial debt has grown by 750 percent for the last 10 years

By Kepha Muiruri,

Kenya’s appetite for commercial debt grew by over eight times or an equivalent 750 percent in a decade from June 2010 to March 2020.­ The data con...

Kenya's debt , National Treasury

OPINION: Anti-graft efforts bear fruit as Moi era secrecy falls in age of transparency

By Citizen Reporter,

By Michael Cherambos In recent months, as President Uhuru Kenyatta’s anti-corruption campaign gains more and more public attention, I have found ...

2019 review: Interest caps fall at second attempt

By Kepha Muiruri,

In a seemingly last ditch attempt to salvage the economy off interest cap hurdles, the National Treasury through the then Cabinet Secretary Henry Roti...

CBK , interest rate caps , National Treasury

Cytonn lines up first publicly funded debt issue

By Kepha Muiruri,

Investor manager Cytonn has sought approval from the Capital Markets Authority (CMA) to register its first Development Real Estate Investment Trust (D...

CMA , Cytonn Investments , nse , REIT

Uhuru extends Muthaura’s term at KRA for another 3 years

By Kepha Muiruri,

President Uhuru Kenyatta has extended the stay of Amb.Francis Muthaura as the Chairman to the Kenya Revenue Authority (KRA) board for a period of thre...

francis muthaura , KRA , Uhuru kenyatta

Mudavadi takes 2022 campaigns to U.S, casts doubt on Raila referendum push

By Citizen Reporter,

Amani National Congress leader Musalia Mudavadi is in the U.S. to bolster his bid for the 2022 presidential race. On Friday, Mudavadi told Kenyans ...

Mudavadi

SportPesa and Betin Kenya halt operations, Betin sends all staff home

By Wangui Ngechu,

Betting firms SportPesa and Betin have halted their operations in Kenya marking what could be the final straw in their long-drawn taxation and regulat...

BetIn , betting , SportPesa

How Uhuru’s move to cancel Kimwarer Dam project will affect Kenya

By Sam Gituku,

The country could lose billions of shillings should it go ahead to discontinue the Kimwarer Dam project and down-scale the Arror Dam project as direct...

CMC di Ravenna , Kimwarer Dam Project , Uhuru kenyatta

Kimwarer, Arror Dams scandal: CMC Di Ravenna directors ordered to appear in court

By Dzuya Walter,

The High Court in Nairobi on Wednesday ordered directors of Italian firm CMC Di Ravenna to appear in court and take plea over the Kimwarer and Arror ...

CMC di Ravenna , Kimwarer and Arror dams

Uhuru cancels Ksh.22B Kimwarer Dam project after receiving fresh report

By Benjamin Muriuki,

President Uhuru Kenyatta has ordered the immediate cancellation of the Kimwarer Dam Project and a fresh commencement of the Arror Multipurpose Dam Pro...

Henry Rotich , Kamau Thugge , Kimwarer and Arror dams scandal. , Uhuru kenyatta

Treasury warns of painful cuts to Ministry budgets

By Kepha Muiruri,

The National Treasury has urged Ministries and State Departments (MDAs) to brace for painful budget cuts as the budget making process for the 2020/21 ...

2020/2021 budget , National Treasury , recurrent expenditure

Raw deal for sports in Kenya

By Dan Ogega,

  Last season with nine seconds left on the timer, Toronto Raptors small forward Kahwi Leonard, The Klaw, stepped to the free-throw line and k...

kenya , Sport

Prosecution says Governor Waititu should receive half salary

By Dzuya Walter,

The prosecution in the Ksh.588 million graft case against Governor Ferdinand Waititu now says that the embattled Kiambu county boss should be receivin...

Governor Ferdinand Waititu , graft , Kiambu County

Paul Muthaura set to exit Capital Markets Authority after 7 years as CEO

By Kepha Muiruri,

Capital Markets Authority (CMA) Chief Executive Officer Paul Muthaura will not seek out a new term to be the regulator’s chief when his term ends Ja...

Capital Markets Authority (CMA) , Paul Muthaura

Ukur Yatani takes over at Treasury as acting CS

By Citizen Reporter,

Labour Cabinet Secretary Ukur Yatani on Wednesday officially took over the National Treasury and Planning docket in acting capacity. In a tour of t...

Arror-Kimwarer dams scandal , Joseph Kinyua , Kamau Thugge , Treasury , Ukur Yatani

Police officer arrested for extorting, assaulting Treasury officers

By Wambui Kihara,

A police officer attached at the Kamukunji police station was on Thursday arrested for allegedly posing as detectives, committing fraud and assaulting...

Daniel Arimba Rioba , Kamukunji , KICC , Muthurwa , National Treasury , National Treasury Henry Rotich , Oliver Tambo

Wahungu out as NEMA board appoints new acting Director General

By Muia Joseph,

The National Environment Management Authority (NEMA) Board on Wednesday appointed Mamo B. Mamo as the Acting Director General. This comes a day aft...

Arror and Kimwarer dams , DPP Noordin Haji , Geoffrey Wahungu , Mamo B. Mamo , NEMA

Rotich sacked as Uhuru appoints Ukur Yatani acting Treasury CS

By Citizen Reporter,

Ukur Yatani has been appointed as the acting National Treasury CS a day after Henry Rotich was charged over the Arror-Kimwarer dams scandal. The La...

Ukur Yatani

CS Rotich, PS Thugge released after posting Ksh.15M cash bail

By Ian Omondi,

Treasury Cabinet Secretary Henry Rotich and Principal Secretary Kamau Thugge were on Tuesday evening released after posting their cash bail. Accord...

Arror & Kimwarer dams , CS Henry Rotich , PS Kamau Thugge

CS Rotich under pressure to resign as Mudavadi says Kenya’s image tainted

By Faizal Ahmed,

The absence of a Cabinet Secretary or Principal Secretary at Treasury could spell trouble for the government, according to former Finance Minister Mus...

Rotich , thugge