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

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

Bitcoin: Dawn of new era

By Citizen,

The worth of it rises to the sky when the world’s richest man, Elon Musk, the owner of the tesla company claims the use of bitcoin also that he will...

BAT profit rises by 41pc to Ksh.5.5B on lower costs, taxes

By Kepha Muiruri,

BAT Kenya has announced a 41 per cent growth in profit for the year ended December 31, 2020 to Ksh.5.5 billion from Ksh.3.9 billion in 2019. The hi...

BAT Kenya

Kenya’s debt exposures expected to cut 2021 growth prospects

By Kepha Muiruri,

Kenya’s growing exposure to debt is expected to trim 2021 growth prospects even as the economy rebounds from contraction in 2020. According to ec...

debt , John Gachora , NCBA Group

Inside gov’t Ksh3.5 trillion 2021/22 spending plan

By Kepha Muiruri,

Kenya’s 2021/22 budget is expected to top Ksh.3.5 trillion with National Treasury divulging details to the spending plans in the 2021 Budget Policy ...

2021/22 budget , Kenya debt , National Treasury

Treasury CS Ukur Yatani now goes for Ksh.124 billion Eurobond

By Kepha Muiruri,

National Treasury Cabinet Secretary Ukur Yatani is set to make his debut in the international capital markets with a Ksh.123.5 billion Eurobond in the...

2021 Budget Policy Statement (BPS) , CS Ukur Yatani , Kenya's debt , National Treasury

Chaos at Baringo County Assembly as MCAs clash

By Bernadine Tiemoi,

There was chaos at the Baringo County Assembly on Thursday afternoon whilst MCAs were debating the BBI Bill. According to reports, drama begun after...

BBI

Safaricom shrugs virus concerns to declare Ksh.18B shareholder pay

By Kepha Muiruri,

Leading telecom operator Safaricom has shrugged off virus concerns on operations to approve a Ksh.18.03 billion half year dividend pay out to sharehol...

coronavirus , Safaricom

Kusow Ali, driver charged with smuggling sugar, milk worth Ksh.5M in taxes

By Citizen Reporter,

A businessman, Abdihakim Kusow Ali, and his driver were charged with smuggling over 60 tonnes of sugar and 3 tonnes of milk powder from Uganda amounti...

Latto milk , Mayuge Brown sugar

DP Ruto: County gov’ts to get additional Ksh.53.5B

By DPPS,

County Governments will be allocated an additional Ksh53.5 billion in the 2021/2022 financial year, the Intergovernmental Budget and Economic Council ...

D.P William Ruto

Kengen pays Ksh1.15B to National Treasury as 2019 dividend

By Citizen Reporter,

Leading power producer Kenya Electricity Generating Company PLC (KenGen) on Tuesday paid the National Government Ksh. 1,153,856,022 in dividends for t...

kengen

Patrick Murimi Mwangi charged with Ksh.11M tax evasion for cigarettes

By Citizen Reporter,

A businessman, Patrick Murimi Mwangi, was arraigned before Milimani Chief Magistrate for being in possession of uncustomed goods and excisable stamps....

cigarettes

Raila says BBI will escalate development in counties, help marginalized regions

By Stephen Letoo,

ODM leader Raila Odinga says BBI changes will escalate development in counties and help marginalized regions catch up with other counties. Odinga w...

odm , raila odinga , TURKANA COUNTY

Gov’t to borrow more to finance recurrent expenditure if BBI passes

By Sam Gituku,

Should the Building Bridges Initiative-sponsored constitutional amendments take effect then the Kenyan government will have to effect structural chang...

BBI , National Treasury

CSs Wamalwa, Yatani dismiss DP Ruto’s claims over 35% revenue allocation proposal

By Stephen Letoo,

Treasury Cabinet Secretary Ukur Yatani and his Devolution counterpart Eugene Wamalwa have dismissed as baseless claims by Deputy President William Rut...

BBI , CS Eugene Wamalwa , CS Ukur Yatani , President Uhuru Kenyatta , raila odinga , Revenue Allocation

Jeff Bezos is stepping down as Amazon CEO

By Reuters,

Amazon.com Inc founder Jeff Bezos will step down as CEO and become executive chairman, naming the head of its lucrative cloud computing division as su...

Amazon , Andy Jassy , COVID-19 , Jeff Bezos

Drivers charged with smuggling ethanol worth Ksh.10.8M

By Citizen Reporter,

Two truck drivers have been separately charged with smuggling ethanol worth Ksh. 10.8 million and Ksh. 3.2 million respectively. They appeared befo...

ethanol

CMA eyes low costs to boost market activity

By Kepha Muiruri,

The Capital Markets Authority (CMA) has set its sights on effecting lower transaction costs to boost trading at the Nairobi Securities Exchange (NSE)....

CMA , nse

Two convicted in Kapenguria for smuggling sugar from Uganda

By Citizen Reporter,

Two suspects have been convicted in Kapenguria after they were found guilty of smuggling sugar from Uganda. Kapenguria Senior Principal Magistrate ...

illegal sugar imports