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Aviation sector players have urged the government to turn around fortunes of troubled Wilson Airport that has been tainted by the recent accidents. Mishaps involving airport-based light aircraft coupled with another two planes skidding off the runway caused jitters in the aviation sector. The first incident involved a Silverstone plane
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On Wednesday, four suspects were arrested by Directorate of Criminal investigations (DCI) officers after they tried to defraud a JKUAT lecturer Sh567,000 in a deal where they were supposed to help him ship a car into the country. One of the suspects is Hesbon Otieno. Hesbon Otieno had imported
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The Kenya Roads Board has allocated Sh415.8 million to the Nairobi County Government as a road maintenance levy. The funds were released by the roads authority as a conditional grant and in line with the County Allocation of Revenue Act 2018. Roads board executive director Jacob Ruwa urged Governor
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A man is said to have disappeared with $2,950 (Ksh. 300,162) he got from an elderly woman through an internet scam. Michael Alfredo Garcia apparently met the woman in September on a dating site known as Plenty of Fish. According to the Kingsport Police Department, the man claimed
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It has been established that businesses, individuals and households have spent more than Sh43 billion in premiums on non-existent insurance covers after agents failed to remit the payments to insurers, exposing the customers to heavy losses when they make compensation claims. Court documents by The Insurance Regulatory Authority (IRA) have
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When you are a professional or an amateur in stocks, we are all prone to the possibility of losing money in the market. This is called risk and it exists because none of us can foretell the future with certainty. However, it can be managed so as to minimise erosiom
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More than 182 undocumented Kenyans living in the US were among thousands of immigrants arrested while applying for legal status to avoid deportation and become eligible for work permits. Those arrested had applied to be included in the Deferred Action for Childhood Arrivals (DACA) programme. DACA is a programme that
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We are approaching the end of the tax-year in Kenya and Tanzania, challenging businesses to accelerate their efforts to comply with the laws and regulations around the collection of pay-as-you-earn (Paye) tax and the submission of tax returns. Companies have only a few short weeks to get their houses in
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Taxpayers will foot a Sh7.7 billion bill to move water and sewerage lines from the path of Kenya’s first double-decker expressway set to be built in Nairobi, highlighting the hidden costs of the project. Part of the money will cover the cost of completing water works in the
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Every stock investor sets out with the goals of trying to beat the market. A few even dare to think that they can become the next Warren Buffet, Jeff Bezos or even Bill Gates. Unfortunately, the harsh reality is that a few manage to even come close to this goal.
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Documents tabled before the Senate County Public Accounts Committee show that taxpayers in Homabay county could have lost millions of shillings after it emerged that top county officials hired casuals to collect revenue instead of contracted county workers. The documents show that after the casuals made the collections, they were
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The Treasury has made an about-turn and cut the Judiciary’s budget by Sh2.8 billion through a supplementary budget, setting the stage for a fresh confrontation with Chief Justice David Maraga. On Tuesday, the Treasury sought MPs approval to increase spending by 2.8 percent to Sh3.13 trillion