Articles by Sophie Kinoti

MP proposes Ksh.6 trillion national debt ceiling

1430, August 30, 2018 (EAT)

Emgwen MP Alex Kosgey has proposed a Ksh.6 trillion national debt ceiling to cushion the country from the rising debt. In a bill that proposes to a...

Oil operations to resume next week

1801, August 13, 2018 (EAT)

The government will resume trucking crude oil from Turkana to Mombasa next week, two months after the project stalled due to disputes with the local c...

‘I’m back!’ Safaricom CEO Bob Collymore returns to work after sick leave

1432, August 6, 2018 (EAT)

Safaricom Chief Executive Officer Bob Collymore has returned to work after an extended medical leave. The Safaricom boss, who has been away seeking...

Banks shy away from farmers over waiver culture

1838, July 26, 2018 (EAT)

Government debt relief to small holder farmers has seen most lenders become hesitant to offer loans. According to a report by the Kenya Bankers’ ...

CBA eyes suppliers with new financing package

1901, June 13, 2018 (EAT)

Regional lender Commercial Bank of Africa (CBA) has launched banking service aimed at speeding up supplier payments. The move comes as an estimated...

Telkom banks on data for growth

1830, June 12, 2018 (EAT)

Mobile operator Telkom is banking on its data business to support the firm’s growth, angling to support small and medium enterprises as well as offe...

Tourism Fund eyes regulations for villas, holiday homes

1732, June 11, 2018 (EAT)

The Kenya Tourism Fund is pushing for the regulation of holiday homes, villas and apartments in a move geared at streamlining the sector and generatin...

Substation commissioned to stabilize Nairobi power

1842, May 28, 2018 (EAT)

Kenya Power has embarked on a plan to ensure stable supply of power in Nairobi and its environs. The power distributor together with the Ministry o...

KEBS cancels 157 water bottling licenses

1922, May 24, 2018 (EAT)

Following an upsurge of unscrupulous players who are producing substandard goods, the Kenya Bureau of Standards (KEBS) has warned against 157 water bo...

Cooperatives read mischief in proposed law change

1808, May 16, 2018 (EAT)

Cooperative societies have opposed a move to change the Cooperative Societies Act and the Sacco Societies Act to bring in non members into the societi...

Labor CS seeks fresh workers, employers’ reps for NHIF & NSSF

1244, May 15, 2018 (EAT)

The government is seeking to have fresh workers and employers representation on the boards of the National Social Security Fund (NSSF) and the Nationa...

Safaricom profits hit Ksh.55B

1232, May 9, 2018 (EAT)

Telecom operator Safaricom continued on its profitability track posting 14 percent growth in the year ended March 31. Backed by strong data and M-P...

African youth push for education budget boost

1737, April 26, 2018 (EAT)

Youth representatives from 15 African countries have urged governments to increase budgetary allocation towards education by 20 percent to boost the q...

Kenya Railways introduces Kahawa commuter train service

1921, April 10, 2018 (EAT)

Kenya Railways has announced the introduction of a new commuter train service that will ply the Kahawa route. This is a move by the government to d...

Embu, Meru coffee co-operatives oppose regulatory changes

1226, April 9, 2018 (EAT)

The implementation of proposed coffee regulations have become the major cause of uncertainty in the sector, as Meru and Embu cooperatives leaders caus...

Banker calls for Govt stimulus to support economic growth

1008, March 24, 2018 (EAT)

The government has been encouraged to increase its spending and meet payments to contractors and suppliers to stimulate economic growth. According ...

State seeks budget expansion for elderly program

1745, March 15, 2018 (EAT)

The government is set to increase the budgetary allocation to the social security program to Sh30 billion in the next financial year. This as the n...

Uchumi faces auction over Sh67m debt

1846, March 13, 2018 (EAT)

Struggling retailer Uchumi has 15 days to settle a Sh67.6 million debt to a supplier or face auction. Euromat limited, a local supplier has been gi...

Telkom bets Sh1bn on mobile money system

1725, March 12, 2018 (EAT)

Mobile operator Telkom has invested Sh1 billion to re launch its mobile money platform as it makes a play to grow its market share in the country. ...

KCB profit stalls at Sh19.7bn

1647, March 8, 2018 (EAT)

The KCB Group has announced flat growth of its full year net profit which stood at sh19.7 billion. The stagnated growth was attributed to a one off...