News
Loss making Kenya Power has appointed Geoffrey Waswa Muli as its new acting managing director to replace Mrs Rosemary Oduor, who has been acting since August 2021. Kenya Power stated that Mr Muli’s appointment will take effect immediately as Ms Oduor proceeds on annual leave. The new interim MD
News
Kenya’s expenditure on loan repayments is expected to cross the Sh1 trillion mark in this financial year. This is after the Parliamentary Budget Office (PBO) advised the National Treasury to reschedule payments of domestic debts to ease the burden on taxpayers. Kenya’s economic crisis is blamed on expansionary
Courts
The Kenya Revenue Authority (KRA) has lost its bid to collect billions of shillings from betting companies for the period between 2018 and 2019 after a High Court judge ruled that tax on winnings then did not involve the amount wagered. KRA sought to tax both the amount wagered and
News
Nyeri’s iconic White Rhino Hotel is up for auction, joining a long list of hospitality facilities that have folded up as the impacts of COVID-19 pandemic continues to ravage businesses. The hotel which is more than 100 years old and located at the heart of Nyeri town is set
News
Kenya will allow maize imports from outside the East African Community (EAC) to ease the current hike in flour prices that now stand at a historic high of Sh150 for a two-kilo packet. Agriculture Cabinet secretary Peter Munya said the imports will give consumers a reprieve and push cartels hoarding
News
Tourism Secretary Mr. Najib Balala will climb to the top of Mt Kenya this weekend in efforts to market hiking and mountaineering experiences as one of the key drivers of tourism recovery. Mr Balala climbed to the top of Mt Longonot last week where he announced government plans to build
News
Tourism Secretary Mr. Najib Balala will climb to the top of Mt Kenya this weekend in efforts to market hiking and mountaineering experiences as one of the key drivers of tourism recovery. Mr Balala climbed to the top of Mt Longonot last week where he announced government plans to build
Courts
The Ethics and Anti-Corruption Commission (EACC) wants a former senior employee of Kenya Revenue Authority (KRA) compelled to forfeit property worth Sh278 million to the State because they were acquired through proceeds of crime. EACC told the court that Jeremiah Kamau Kinyua resigned from KRA in March last year after
Agribusiness
All the State owned land sitting idle will be repossessed by the government and leased to private investors for commercial agriculture to increase food production for local supply and exports and for creation of employment. The decision was arrived at during a Cabinet meeting held on Thursday as part of
Courts
Betting firms and a group of gamblers have suffered a blow after the court refused to overturn 7.5% excise duty imposed on cash they set aside in their wallets for gaming. High Court judge George Odunga dismissed a petition filed by the gamblers stating that levying excise duty on
News
The National Treasury will stop funding the office of the late former President Mwai Kibaki, to save hundreds of millions of shillings the former Head of State was receiving as retirement benefits. Mr Kibaki, who died in April, had been receiving retirement benefits which include a fleet of luxury cars,
News
Villa Rosa Kempinski is trivializing security threats the premises are facing following the completion of the Nairobi Expressway which passes very close and faces the hotel. The luxury hotel is attracting international and regional delegates including presidents and celebrities but the construction of the expressway raises concerns given its proximity.