Truck driver pleads guilty to stealing Ksh.2.8M cargo bound for DRC

By Ian Omondi,

A truck driver on Monday pleaded guilty to charges of interfering with transit cargo bound for the Democratic Republic of Congo (DRC) and stealing goo...

DRC , Eldoret Law Courts , KRA

Kenya Airways resumes direct U.S. flights

By Kepha Muiruri,

National carrier Kenya Airways (KQ) has resumed direct flights to the United States effective Sunday ending a near-11-month hiatus. The carrier had...

Kenya Airways , Kilavuka

Kenya lowers 2020 growth projection, sees rebound next year

By Reuters,

Kenya has lowered this year’s economic growth projection because the first half turned out worse than expected, but growth is expected to rebound in...

coronavirus

Dennis Itumbi sues CS Matiang’i over the controversial Ruaraka land

By Citizen Reporter,

An ex-parte hearing of a case where former State House digital strategist Dennis Itumbi has sued Interior Cabinet Secretary Dr. Fred Mataing'i is set ...

Dennis Itumbi , Fred Matiang'i , Ruaraka land scam

Kenya to host Africa’s delivery units virtual conference

By Guest Writer,

By Eden Getachew Delivery units are becoming a common feature of many governments across the world as leaders grapple with the challenge of del...

Kenya seeks three and a half year access to IMF emergency loans

By Kepha Muiruri,

Kenya is in deep talks with the International Monetary Fund (IMF) over the access of emergency bail out loans over the next three and a half years, th...

CS Ukur Yatani , debt , International Monetary Fund (IMF) , National Treasury

KRA tax collections in October down 14.7 per cent at Ksh.108.7B

By Kepha Muiruri,

The Kenya Revenue Authority (KRA) has seen its strife in revenue collection extend into October with grossed taxed during the month falling by 14.7 pe...

Kenya Revenue Authority (KRA) , National Treasury

Serie A backs Sh221b bid for media unit stake

By Reuters,

Italy’s top-flight Serie A soccer league moved closer to selling a stake in its media business to boost virus-hit revenues when it agreed on Thursda...

Serie A

Standard Chartered nine months profit falls by 31 per cent

By Kepha Muiruri,

Standard Chartered Bank Kenya has reported a 30.6 per cent profit decline to Ksh.4.3 billion in nine months of operations to September 30. The sign...

Standard Chartered Bank Kenya

Co-operative Bank nine month profit falls to Ksh.9.8B

By Kepha Muiruri,

The Co-operative Bank of Kenya has announced an 11.1 per cent profit dip to Ksh.9.8 billion in nine months of operations to September 30, 2020. The...

Kenya plans to defer Ksh.75B in debt payments under G20 coronavirus initiative

By Reuters,

Kenya has changed its mind about a G20 coronavirus debt relief initiative it declined to join earlier this year. The country is now planning to def...

coronavirus , G20 Debt Service Suspension Initiative , Ukur Yatani

Kenya Meat Commission clears Ksh.250M debt owed to farmers after military takeover

By Citizen Reporter,

The Kenya Meat Commission has cleared the bulk of debts it owed livestock farmers and other suppliers since it was taken over by the military in Septe...

La Liga president Tebas ‘ready’ for Messi exit

By Agencies,

La Liga president Javier Tebas says he is "ready" for the exit of Lionel Messi - while criticising Manchester City, a club he believes could sign him....

Barcelona , exit , La Liga president Javier Tebas , Lionel Messi , manchester city

Govt pending bills grow by Ksh.12 billion in three months

By Kepha Muiruri,

The National Government has continued to accumulate arrears to its suppliers with the stock of pending bills hitting Ksh.346.2 billion at the end of S...

National Treasury , pending bills

Equity nine months profit falls to Ksh.14.8 billion

By Kepha Muiruri,

Equity Group has reported a 17 per cent profit decline in nine months to September 30 with earnings sliding to Ksh.14.8 billion from Ksh.17.3 billion....

Equity Group , James Mwangi

OPINION: Why affordable housing is a game changer

By Guest Writer,

Home ownership in Kenya has generally been reserved for wealthy individuals with considerable disposable income and for bankers who have access to loa...

Free cash transfers take Ksh.6billion from Safaricom’s M-Pesa purse

By Kepha Muiruri,

The roll out of free mobile money transactions has punched a Ksh.6.1 billion revenue hole in Safaricom's M-Pesa service in six months to September 30....

coronavirus , free cash transfers , M-pesa , Safaricom

Safaricom half-year profit falls for the first time since 2012

By Kepha Muiruri,

Leading telco operator Safaricom PLC has reported a reduced Ksh.33 billion half year profit representing a six percent slide in earnings from Ksh.35.2...

M-pesa , Peter Ndegwa , Safaricom

KRA boss Githii Mburu elected as member of Africa Tax Administration Forum

By Citizen Reporter,

The KRA Commissioner General, Githii Mburu, has been nominated as a Member of the Governing Council of the Africa Tax Administration Forum (ATAF). ...

Africa Tax Administration Forum , Githii Mburu , KRA

All Blacks ‘up for sale’ as virus hits funding

By Agencies,

The All Blacks rugby team is in talks with private equity investors as it struggles with the financial impact of the Covid-19 pandemic. N...

All Blacks , Covid-19 pandemic , New Zealand , private investors