More than half of Kenya Power’s domestic customers are set to miss out on President Uhuru Kenyatta’s Christmas gift of lower electricity prices.
The President issued a directive on Wednesday requiring the Ministry of Energy to reduce power tariffs by 33 percent to an average of Sh16 per ki…
Court slaps businessman with Sh720m fine for Youth Fund looting
The Anti-corruption Court has fined a businessman Sh720 million for theft of public money from the Youth Development Fund.
If unable to raise the fine, Mr Mukuria Ngamau, the director of Quorandum Ltd, will serve 27 years in prison in default.
Chief magistrate Douglas Ogoti…
DCI probes container smuggling at Mombasa port
Police have opened investigations into a suspected container smuggling racket at the port of Mombasa believed to be depriving Kenya of tax revenues.
The Directorate of Criminal Investigations (DCI) is targeting three top executives of Kenya Ports Authority (KPA) labelled key suspects in th…
MPs seek views on fuel price monthly reviews
MPs will determine whether fuel prices should be reviewed monthly in an investigation that seeks to lower petroleum costs.
The lawmakers will seek views from Kenyans on whether the review of petroleum prices should be extended beyond one month.
This follows concerns raised …
Centum board to address the company’s low share price
Centum Investment Company Plc plans to take measures to address the firm’s undervaluation on the Nairobi Securities Exchange (NSE) where its stock trades at less than a third of the value of net assets.
The company’s board of directors said at the virtual annual general meeti…
French alcohol firms entice new drinkers in Kenya
The rules for drinking wines and spirits were once pretty simple. Drink what you know. But in this time where consumers are trading up to more expensive and uncommon brands, do not assume you know what your favourite tipple tastes like.
It is this desire to enjoy food and drink that is ope…
New twist in Magugus fight for Sh1bn Muthaiga land
The ownership of about 100-acre prime parcel of land estimated at over Sh1 billion belonging to the family of former Cabinet Minister Arthur Magugu has taken a new twist after the Lands Ministry said it has no documents relating to its purported transfer.
Lands Cabinet Secret…
Use of Bonga points to buy NSE shares starts on slow pace
Bonga points purchase of Nairobi Securities Exchange (NSE) shares has been off to a slow start with Safaricom customers buying Sh600,000 worth of stocks in seven weeks.
The value of stocks bought is equivalent to 3 million Safaricom loyalty points but is just 0.015 percent of the Sh4 billi…
Pfizer’s plan for 3 billion Covid jab doses December
The first batch of Pfizer Covid-19 vaccine donations arrived in Kenya last week, expanding options in the country’s inoculation programme that has been dominated by AstraZeneca.
The donations by the US government could pave the way for the US drug firm to access private market, which it ha…
Kirubi kin retains Sh2.1bn offer for Centum shares
The family of the late Chris Kirubi says it retains the businessman’s option to buy an additional 126.8 million shares in Centum Investment Company Plc with a current market value of Sh2.1 billion.
Kirubi had received approval from the Capital Markets Authority (CMA) to buy a total of 133 …