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Billionaire Rai expands with Sh4.2 billion Nandi sugar factory

Nairobi, Oct. 29 -- West Kenya Sugar Company Ltd is set to build a Sh4.2 billion new sugar factory in Nandi County, tightening tycoon Jaswant Rai's grip on the local industry. The factory, with a cap... Read More


Kenya flags 'exploitative' carbon-trade schemes

Nairobi, Oct. 26 -- Kenya has warned that it may not be tapping the full potential of its carbon credit schemes, citing weak verification and exploitative contracts between communities and buyer firms... Read More


KPA to co-invest in Sh79bn Mombasa, Lamu port asset concession deals

Nairobi, Oct. 23 -- The concession deals for a first batch of assets at the Mombasa and Lamu ports to private investors will cost an estimated Sh79.69billion, the National Treasury has revealed, with ... Read More


Trio stage VAT fraud through Sh42bn fake invoices

Nairobi, Oct. 14 -- Forensic investigations have unearthed how three fraudsters engineered a massive tax fraud through fictitious electronic invoices worth about Sh42 billion over five years, exposing... Read More


Record oil tanker costs brew up fresh pressure on fuel prices

Nairobi, Sept. 23 -- Record-high crude oil tanker freight rates signal fresh pressure on fuel prices at the pump and household energy bills as the fallout from the Middle East crisis widens. The cost... Read More