The Treasury has raised fears of losing Sh133.5 billion in projected revenue in the current financial year following a drop in motor vehicle and fuel imports as well as lower sales of beer, spirits and cosmetics than earlier projected.
Lawyer Donald Kipkorir is set to be paid Sh1.3 billion, one of the highest legal fees awarded in the country’s litigation history, for defending the Nairobi County government against the Ministry of Defence.
The Controller of Budget (COB) has demanded the reallocation of more than Sh1.5 billion in over-budgeted salaries of State officers, including the President and his deputy, escalating her fight with the Treasury.
TECH GIANT Google enables M-Pesa Express payments on the Google Play Store allowing Kenyan Android users to pay for apps via mobile money instead of cards; move probably a first in the world.
Kiharu MP Ndindi Nyoro has purchased 20 million shares in infrastructure company TransCentury Plc, placing him fourth among the top shareholders of the NSE firm.
EABL has started giving female employees who experience pregnancy loss up to six and half months paid leave to grieve, a move that sets a new bar for Kenya’s companies on diversity and inclusion.
Banks, saccos and micro-finance lenders now face a fine of Sh2 million for every defaulter they deny loans to for being listed negatively with the country’s credit reference bureaus (CRBs)
IMF has pressured Kenya to disclose the identity of secret shareholders in firms with State contracts and prosecute those implicated in graft, including the Covid-19 scandal.
No matter where you are and what you are doing, stay updated with all the latest business news, trends and numbers with Business Daily on Telegram.
#TopInBusiness
#MorePossibilities
Click the link below to join
PRESIDENT KENYATTA issues executive order requiring govt and public entities to publish full details of all tenders & awards from July 1, including items purchased, prices and particulars of suppliers, owners and beneficiaries.
WATIMA: I don’t think, there is any government in the world that has contempt for its people like the one holding power in Kenya. Has there even been an incompetent government like this one?
OGOLA: Whereas Uhuru used to pay about Sh61.4 billion weekly to offset the debt and still keep the taxes low and provide subsidies such as fuel, Dr Ruto pays less (about Sh3 billion weekly), has removed subsidies and is overtaxing Kenyans
In my tiny cozy home: When she was 26, Nyambura Ndiba started her tiny movable house project. Her friends doubted her. Seven months and close to Sh2 million later, her naysayers ate a humble pie.
HIGH COURT temporarily stops Kenya Power from billing customers backdated inflated bills in attempt to recover Sh10bn deferred fuel costs for 2017. Move follows suit filed by city lawyer
@MboyaApollo
and the Electricity Consumers Society Of Kenya.
Transport CS James Macharia says Kenya is importing the first batch of BRT buses from South Africa because the buses those available locally did not conform to the KS-372- body building standards
Patrick Njoroge is expected to hand over the office of governor of the Central Bank of Kenya (CBK) to Kamau Thugge this week, leaving behind a legacy of a tough regulator who was not afraid of speaking truth to power.
HIGH COURT declares the taxation of bottled water and juices illegal, says it did not meet the required public participation threshold. The case had been filed by activist Okiya Omtatah.
When she was 26, Nyambura Ndiba started her tiny movable house project. Her friends doubted her. Seven months and close to Sh2 million later, her naysayers ate a humble pie.
Time flies. One moment you have a husband, the next you only have his empty clothes. His favourite polo shirts, tens of them, laundered, folded away. Wambui Collymore speaks.
JAVA COFFEE House has opened its latest outlet at USIU in Nairobi, its first branch within a university campus. The new store increases its branch count to 62.
POLYCARP IGATHE named Managing Director (MD) of Equity Bank Kenya just five months after joining the lender, James Mwangi to serve as Group MD and continue to be in charge of overall strategy.
IN PHOTOS: A family of elephants crosses the Voi-Taveta highway in Tsavo East National Park. Cases of elephants attacking motorists at the spot are on the rise. (Photos / Lucy Mkanyika / NMG)
A magistrate has allowed the police to investigate bank accounts belonging to former Agriculture Secretary Mwangi Kiunjuri over money laundering allegations.
An elderly plumber formerly employed by President Uhuru Kenyatta’s family firm will get Sh2 million for unlawful termination and use of his photograph without his consent, a court has ruled.