Over the past two months, the national government has not used the fuel subsidy funds to cushion Kenyans from high fuel prices. It has now been revealed that this is because the government has depleted the funds.
According to Energy...
Nearly 60 Saccos are staring down at the auctioneers hammer over unpaid debts amounting to Sh1.36 billion. According to a report that appeared in a local business newspaper, 58 Saccos took Sh1.36 billion loans from the financially troubled Kenya...
Imagine this: you borrow a loan from a friend and agree on a repayment plan and interest. After paying close to half of the loan, you face difficulties in the repayment and go into default. The loan starts attracting...
Teachers in Kenya are set for improved salaries following a new multi-billion deal. The deal on the new salaries teachers will earn has been agreed on and signed by the Teachers Service Commission, the Kenya National Union of Teachers...
The Environment and Land Court in Nairobi has given food processing firm Del Monte the green light to evict businessman Peter Munga from a 75-acre parcel of land. The eviction will now see Munga leave the land together with...
Prominent businessman Peter Munga has partnered with the US capital firm that is behind the Sh468 billion Nairobi-Mombasa Expressway project. The latest move by the billionaire businessman has been seen as a strategic positioning for the multi-billion project that...
National carrier Kenya Airways is set to add three narrow-body planes to its fleet. This has been announced by the company's chief executive officer Allan Kilavuka. According to Kilavuka, the three narrow-body planes are expected to boost the national...
The National Treasury’s Public Private Partnerships (PPP) committee has rejected the Nairobi-Mombasa Expressway plan, dealing a blow to the 459-kilometre mega project.
The rejection has now cast a cloud over the fate of the project that was slated to kick...
Over Sh500 million was stolen from a local bank in a sophisticated cyber scheme. This has been revealed by the Financial Reporting Centre in its annual report dubbed Money Laundering and Terrorism Financing Trends and Typologies Report 2025.
According to...
The Kenya Revenue Authority (KRA) exceeded its own revenue targets for the financial year 2024/25 by collecting Sh2.571 trillion. These tax collections were an improvement from the Sh2.407 trillion collections the taxman managed in the previous 2023/24 financial year.
The...
