Articles by Michael Karanja

Govt budgets Sh500m to pilot BRT system

1809, May 22, 2018 (EAT)

The government has set aside half a billion shillings to pilot the bus rapid transit system (BRT) as it seeks private sector players to invest in the ...

Mining ministry plans support for artisanal gold miners

1722, May 17, 2018 (EAT)

The Ministry of Mining has dispelled claims it has shut down gold mining activities in Migori. The ministry however says there is need to empower g...

SGR train fare to increase from April 1st

1703, March 20, 2018 (EAT)

Kenyans will pay Ksh.300 more to use the Standard Gauge Railway (SGR) passenger service between Nairobi and Mombasa. This will see passengers on th...

KenolKobil posts Sh2.4bn profit

1742, March 14, 2018 (EAT)

Oil marketer KenolKobil posted flat growth in its full year earnings weighed down by a one off payment to settle a debt with Kenya Petroleum Refinery ...

IMF grants 6-month extension on Sh150bn credit line

1053, March 14, 2018 (EAT)

The International Monetary Fund (IMF) has approved a request by the government to extend an emergency loan facility for a period of six months. The...

Portland Cement six month loss hits Sh969.5m

1354, February 28, 2018 (EAT)

Low revenue and declining activity in the construction sector has hit East Africa Portland Cement (EAPCC), with the firm reporting close a billion shi...

US sues to block $85bn AT&T-Time Warner merger

1108, November 21, 2017 (EAT)

The US government filed suit to block AT&T’s merger with Time Warner, setting up the biggest antitrust court clash in decades over the $85 billi...

Trump eyes reform of H-1B visas for skilled workers

1104, April 18, 2017 (EAT)

President Donald Trump wants to retool the fabled H-1B visas for skilled workers sought by Silicon Valley heavyweights, a White House official said Mo...

Tax amnesty extended for wealthy Kenyans with cash stashed abroad

649, March 31, 2017 (EAT)

The National Treasury has extended an amnesty for Kenyans with wealth abroad to mid 20118 as the government seeks to boost compliance. With amnesty...