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Kenya cancels France backed Mau Summit toll highway contract

Nairobi, April 30 -- Kenya has cancelled the contract for the construction of the Nairobi-Nakuru-Mau Summit toll road, citing among other things, high toll fees proposed by the French contractors. A ... Read More


State costs outpace taxes despite President Ruto's pledge

Nairobi, April 30 -- The cost of running the national government has risen faster than tax receipts in the current financial year, going against President William Ruto's pledge to lessen the burden on... Read More


Bill sets June 30 deadline for counties Finance Bills

Nairobi, April 30 -- The government has moved to enforce a deadline on passage of Finance Bills by the counties in a bid to plug a loophole that has seen the 47 devolved units miss out on revenues. T... Read More


20 foreign institutional investors flee NSE in three months

Nairobi, April 30 -- Some 20 foreign institutional investors exited the Nairobi Securities Exchange (NSE) in the first three months of 2024, new data shows, mirroring continued bearish sentiment by fo... Read More


Eco-lodges, cottages yields up on demand for unique experiences

Nairobi, April 30 -- Mid-last year, a tea plantation owner in Limuru's Tigoni decided to convert a three-bedroom cottage inside the farm into a hospitality facility. The facility, dubbed Siri Nairobi... Read More


TotalEnergies dividend up as profit hits Sh4.6 billion

Nairobi, April 30 -- TotalEnergies Marketing Kenya has raised its dividend payout by 46.5 percent to Sh1.92 per share totalling Sh336.1 million on increased profit for the financial year ended Decembe... Read More


Kenya Airways suspends DRC flights in protest over detained crew

Nairobi, April 30 -- National carrier Kenya Airways has suspended its flights to Kinshasa, citing the continued detention of its crew by the Democratic Republic of Congo (DRC)'s military over a contro... Read More


Cecilia Mutuku's unlikely path to gardening

Nairobi, April 30 -- Gardening had never been on Cecilia Mutuku's radar. As a human resources and governance professional, her world revolved around ethical conduct, not tending to plants. However, l... Read More


NSSF ordered to pay tech firm Sh103m for contract breach

Nairobi, April 30 -- The Court of Appeal has ordered the National Social Security Fund (NSSF) to pay a tech firm Sh103.4 million for breach of contract after it unprocedurally terminated an agreement ... Read More


Vivo sales fall by Sh36bn on weak shilling

Nairobi, April 30 -- Vivo Energy's revenues in the Kenyan market dipped by $233 million (Sh36.49 billion) in the year ended December 2023 as a weakening shilling and depressed demand for fuel hit the ... Read More