IMF Says Kenya’s Public Projects in Crisis
The International Monetary Fund (IMF) has said hundreds of mismanaged infrastructure projects have stalled in Kenya and it will cost around $10 billion to revive them. In its Fiscal Transparency [...]
CS Adan Mohamed Proposes Law to Protect Minority Shareholders
The Ministry of EAC and Regional Development propose that minority shareholders have a greater say in takeovers. The ministry, through CS Adan Mohamed, suggests reverting to previous laws that require [...]
Banks Submit Bids to Arrange KSh 150 Billion Kenya Roads Bond
The Kenya Roads Board (KRB) has received bids from a consortium of Citi bank, Absa, Renaissance Capital, Equity Group holdings and Rand Merchant Bank seeking to arrange a Ksh 150 [...]Auditor General's Appointment Delayed
Auditor General's appointment may take longer than anticipated pending conclusion of a case filed by activist Okiya Omtatah. The Employment and Labor Relations courts suspended the appointment process to look [...]
LAPSSET Back on Track as Leaders Sign MoU
The Lamu Port-South Sudan-Ethiopia-Transport (LAPSSET) Corridor project is back on track after leaders from Kenya, South Sudan and Ethiopia signed a Memorandum of Understanding (MoU) that will see the three [...]How State Spent Your Money in Q3 2019
A budget review report by the Controller of Budget indicates that the Government huge chunks of its cash on paying teachers’ salaries, transfers to semi-autonomous state agencies and footing the [...]Kenya's President orders KTDA bosses probed
President Uhuru Kenyatta has directed the competition watchdog to look into the activities of Kenya Tea Development Agency (KTDA) to break the cartels that have been running the show at [...]Tax Appeal Tribunal Delivers 23 Judgments
The Tax Appeals Tribunal (TAT) has delivered 23 tax appeal judgments with a revenue implication of Ksh11 billion. In a statement, Paul Matuku, KRA Commissioner for Legal Service, says the [...]KRA to Set Structures for Turnover Tax Collection
The Kenya Revenue Authority (KRA) is setting up a mobile payment module for the collection of turnover tax. This is part of an initiative to facilitate the payment of the [...]Kenya Seeks KSh10 Billion from World Bank for Fisheries Sector
Kenya is seeking a KSh10 billion grant from the World Bank, a move that seeks to enhance its fisheries sector, as well as diversify its earnings from the blue economy. [...]Global Fund Grants Kenya KSh 42.7 Billion for Health
Kenya has received KSh42.7 billion grant from the Global Fund, money that will go into the fight against diseases such as HIV, Malaria and Tuberculosis for the period 2021/2024. Furthermore, [...]LPG Regulations Take Effect as Consumers Cry Foul
The new regulations governing the supply and retail of Liquified Petroleum Gas (LPG) have taken effect, even as consumers cry foul. This follows the closure of businesses by many LPG [...]
