- The agency is seeking local manufacturers' input to reprocess the oil, which was imported at Sh20 billion. No deal has been struck yet as consumers grapple with available varieties.
- Money will be disbursed over the next three years, subject to approval by the bank's directors. Funding could come with added taxes as global lenders target government fiscal discipline.
- Four years of a global pandemic, two wars and 'higher interest rates for longer' appear to have taught corporates that it is time to turn around and project an optimistic future.
- Ruto said all details of the deal are in the public domain and available in Parliament. He regretted the opposition's efforts to hinder the government's economic transformation.
- Normal cargo operations resume at Port of Mombasa after repairs between Mariakani and Mombasa Terminus section which was ruined by floods, Kenya Railways says.
- Kenya National Chamber of Commerce and Industry (KNCCI) is pushing for the establishment of a Stabilization Fund to cushion tea farmers against global economic inflation.
- The regulator declared a 30 per cent reduction in the rate from 0.59 per minute to 0.41 per minute. These new cuts will be implemented in March of next year for two years.
- The presidency allocated an additional Sh4.2 billion as Roads lost Sh18 billion in budget changes. The capital expenditure budget was reduced by Sh24.5 billion, committee reports shows.
- The two countries have wrangled in the past but most of those spats were on political fallouts. Economically, however, they are joined at the hip making the turn of events interesting.
- Three firms contracted to supply products from the Gulf say situation would have been worse. They say claims by Raila of billions lost in underhand deals were inflammatory and misleading.
- Country singers, romance novelists, video game artists and voice actors are appealing to the U.S government for relief as soon as possible from the threat that AI poses to their livelihoods.
- Advertisers are fleeing social media platform X over concerns about their ads showing up next to pro-Nazi content and hate speech on the site in general
- SpaceX's uncrewed spacecraft Starship, developed to carry astronauts to the moon and beyond, failed in space shortly after lifting off Saturday, cutting short its second test
- President says prices of petroleum products will go down this December. Raila claimed G-to-G deal between Kenya and Middle East countries was non-existent.
- The environmental initiative assumes a dual significance, not only fostering ecological sustainability but also contributing to the economic vitality of Kenya and African businesses
- Local spirits manufacturing company London Distillers Ltd has raised concerns about recent tax measures targeting the alcoholic beverages industry, saying they are killing firms in the sector.
- If anyone imagines the foul smell coming from the much-hyped G-to-G deal on oil imports is a passing cloud, they must be very unknowledgeable of the country's economic history.
- Kenya Power said additional charges were a result of variance between computed and applied costs. Gov't implemented a 15 per cent cut in power charges between Jan and Aug 2022.
- High Court has issued a conservatory order suspending the National Assembly's move denying County Governments sahre of the Roads Maintenance Levy funds
- CA capped MTRs and FTRs at Sh0.41 per minute from Sh0.58 for all telecommunication companies which will come into effect on March 1 and will be in place for a period of two years.
- The IMF urged the government to cut down on public spending, ban fuel and food subsidies, and impose higher taxes, which could potentially impact public employment and cost of living.
- Businesswoman at the centre of the Sh17 billion oil deal has said she will honour summons by a parliamentary watchdog investigating the ownership dispute of the consignment.
- The case on the importation of Sh17 billion oil failed to take off in Mombasa on Tuesday after the woman who claims to be the owner and KPA engaged in blame game.
- Thugge has identified fiscal consolidation, early repayment of government debts and attracting foreign direct investments as the cure to the depreciating Kenyan Shilling.
- Cost of power not likely to go down soon as electricity generation scaled down to maximise water storage. Maximum levels of water at Masinga Dam expected in four months if rains continue.
- The Bills seek to ban advertising of alcohol and restrict alcohol sales by supermarkets to between 5pm and 9pm and in hotels and lodgings and members' clubs to between 1pm and 11pm.
- 1,026 people arrested and charged with theft and vandalism cases since July 2022, Kenya Power boss Joeph Siror says as agency partners with DCI to fight the crimes.
- 1,026 people arrested and charged with theft and vandalism cases since July 2022, Kenya Power boss Joeph Siror says as agency partners with DCI to fight the crimes.
- Palaeontologist says they will help to establish the kind of kits used in the past for butchering, hunting and chopping tubers. Three archaeological sites were discovered within Rabai in Baringo.
- Investors want institutions that are conscious of climate risks, NSE boss says. Awards recognise firms that aim to create long-term value for clients and environment.
- Housing policies promoted by international organisations such as the World Bank since the 1980s have stimulated housing markets to address this demand.
- More Kenyan companies could benefit from faster cargo clearance if the taxman goes ahead with fresh plans to include them in the Authorized Economic Operators
- Scola Chepoighsho, a graduate in General Agriculture from South Eastern Kenya University (SEKU), embarked on her career journey with high hopes of securing a rewarding job.
