NEMA Orders Organic Waste Collectors to Adopt Biodegradable Bags
The National Environment Management Authority (NEMA) has declared today as the deadline for the use of plastic bags in garbage collection and disposal. All organic waste generated by households, private [...]
Counties' Revenue Jumps 43.9% to KSh. 41.40Bn
Kenya’s devolved units recorded a 43.9 per cent increase in own revenue sources in the first nine months of the FY 2023/24 compared to similar period in the last financial [...]CAK Fines Merged Entity KSh 17Mn for Contravening Law
The Competition Authority of Kenya (CAK) has fined the entity formed by the acquisition of LSF11 Skyscraper Holdco S.a.r.l (MBCC Group) by Swiss multinational Sika International KSh 17,492,795.23 for contravening [...]Journalists' Union Presses Standard Group on Coercion, Overdue Salaries
The Kenya Union of Journalists (KUJ) has warned listed media company Standard Group against intimidating some of its radio department staff who have been on strike over unpaid salaries dating [...]EACC Locks Horns with Senate over Conflict of Interest Bill
The Ethics and Anti-Corruption Commission (EACC) is warning of a new wave of corruption should the National Assembly pass Conflict of Interest Bill as proposed by the Senate. Other highlights [...]Shilling Remains Stable, Jittery Market Sentiments
Last week, the shilling strengthened marginally against the US Dollar closing the week at 128.5 from 129.5 the previous week. With the growing risk of Kenya’s fiscal sustainability at hand, [...]Fruit-processor Del Monte Kenya Rallies Resources for Socio-economic Development
In a country where agriculture accounts for 20% of the GDP, the role of processing industries in socio-economic development remains invaluable. Not only do such industries drive macroeconomic figures up, [...]
Former NSSF Investment Manager Fined KShs. 2.5bn
Former National Social Security Fund (NSSF) investment manager Francis Zuriel Moturi has been fined more than KShs. 2bn after the High Court threw out his appeal against a ruling by [...]47 State Corporations Dissolved as Government Reveals Austerity Plans
The government has revealed extensive austerity measures to cut KShs. 177bn of the KShs. 346 billion deficit in the FY 2024/5 budget after the flop of the Finance Bill 2024, [...]Cabinet Approves Trade Deal with UAE
Kenya is on the verge of solidifying its trade impact with the United Arab Emirates (UAE) market, just days after a similar trade deal with the European Union (EU) came [...]Investors Shy Off CBK Tap Sale, T- bills Oversubscribed
The government raised KSh 486.5 million against the targeted KSh 20 billion in the July tap sale issue of the FXD1/2023/002, missing the target by 97%. Nevertheless, weekly treasury bills [...]Faulu Bank Receives KSh 900Mn boost from Old Mutual
Microfinance institution, Faulu Bank, intends to restrategize its operations by leveraging on digital banking after receiving KSh 900 million from its parent company, Old Mutual. Over the last 18 months, [...]
