Business Daily

Kenya will next year start manufacturing Covid-19 vaccines locally in a move aimed at easing supply hitches that have derailed mass inoculation.
Speaking Wdnesday during the Mashujaa Day celebration in Kirinyaga, President Uhuru Kenyatta directed the Ministry of Health to wor…

Five employees of Geothermal Development Company (GDC)have failed to convince a judge to compel the power generating company to renew their contracts for a period of five years.
Although Justice Onesmus Makau noted that the former general managers had proved that they were di…

Kenya has signed Sh17.4 billion loan from the Korean government to finance the establishment and improvement of road junctions to ease traffic flow within Nairobi.
The government moved to the Korean Export and Import Bank for the long-term loan which taxpayers will service to…

Debts linked to the Anglo Leasing type of contracts increased 3.6 percent to Sh17.5 billion at the end of last year even as payments were suspended pending investigations and litigation.
National Treasury has published the debt owed to the firms linked to the Anglo Leasing sc…

Rogue digital lenders who share personal data of loan defaulters will be stripped of their operating licences if Parliament passes proposed changes to the law to curb abuse of confidential records.
The National Assembly committee on Finance and National Planning has added a clause to the C…

The State has borrowed Sh2 billion to undertake the dualling of Nairobi’s busy Eastern Bypass, which stretches from Mombasa Road to the Thika Superhighway.
Treasury documents tabled in Parliament show that the loan, signed on September 28, 2021, is yet to be disbursed to the government.
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The High Court has declared the roll out of Huduma Namba, which the government spent more than Sh10 billion illegal for being in conflict with Data Protection Act.
Justice Jairus Ngaah ruled that the government should have conducted impact assessment before rolling out the Hu…

Global tower company American Towers Corporation (Kenya) has suffered a blow after the court suspended the installation of telecommunication masts in Kilifi County pending determination of the case.
The Environment and Land Court (ELC) in Malindi temporarily halted the projec…

MPs’ spending on foreign trips hit a historic high in the three months to June, highlighting their renewed appetite for overseas tours following the easing of Covid-19 travel restrictions.
Data from the Controller of Budget shows that Members of the National Assembly and Senators splashed …

A secret company registered in the British Virgin Islands will make a joint bid with private equity Actis in the Sh1 billion deal to buy Nairobi’s Fairview Hotel, Town Lodge and City Lodge Two Rivers.
Filings at the Comesa Competition Commision shows the hotels will be bought by Actis and …