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Borrowing spree: How expensive loans have pushed debt servicing to Sh862b

The National Treasury departed from the approved Medium-Term Debt Management Strategy by significantly increasing domestic borrowing without parliamentary approval.

By Macharia Kamau 28 days ago

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How Lapfund's mega development redefines Nairobi, tests infrastructure

Nairobi's South C neighbourhood is transforming through the Lapfund Bellevue housing development, one of the city's largest mixed-use residential projects.

By Macharia Kamau 28 days ago

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How Treasury diverted Sh30 billion Eurobond money to cover domestic debt

The National Treasury is under the spotlight for diverting Sh30 billion that had been borrowed through issuance of a Eurobond last year to cover shortfalls in domestic borrowing.

By Macharia Kamau 1 month ago

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Asharami to breakground on KPRL, gas terminal in October

Nigeria's Asharami Synergy is set to start construction of the 30,000 metric tonne cooking gas storage facility at Kenya Petroleum Refineries Limited in Changamwe in October.

By Macharia Kamau 1 month ago

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Eviction looms for Athi River squatters as August 15 deadline nears

The East African Portland Cement Company (EAPC) has given squatters living on its vast tracts of land in Athi River until July 28 to regularise and pay the firm by August 15 or risk eviction.

By Macharia Kamau 1 month ago

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State repeating costly errors of secrecy, debts in SGR extension to Malaba

Despite the heavy debt burden and public criticism of the Standard Gauge Railway, the government could be repeating the errors with the Sh700 billion SGR extension to Kisumu and Malaba.

By Macharia Kamau 1 month ago

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State extends fuel VAT relief

Wandayi said that every scheduled cargo had arrived and had been uploaded on time, and oil has remained available at the pump throughout the country.

By Macharia Kamau 1 month ago

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County workers' pension at risk in Sh2 billion Lapfund real estate mess

The Auditor General has flagged irregular contract changes and project delays that risk the loss of Sh2 billion at the Local Authorities Provident Fund (Lapfund).

By Macharia Kamau 1 month ago

Amaco loses grip on matatu insurance market as Directline bounces back

Matatu owners are increasingly ditching African Merchant Assurance (Amaco), eroding the insurer's once dominant position in insuring Kenya's public service vehicles.

By Macharia Kamau 1 month ago

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Economy rebounds to grow at 5.3 per cent in first quarter

Kenya's economy expanded by 5.3 per cent in the first quarter of 2026, driven by strong growth in sectors including hospitality, construction, manufacturing and finance despite ongoing global risks.

By Macharia Kamau 1 month ago

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How pre-import vehicle inspection reforms birthed monopoly, unending court battles

For the past decade, QISJ has operated as Kenya's sole contracted provider for the inspection of imported used motor vehicles, mobile equipment, and used spare parts.

By Macharia Kamau 1 month ago

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Why Kenyans are cashing out retirement savings earlier

The amount of money Kenyans cashed out from retirement savings surged 10 per cent last year pointing to difficulties in retention of formal employment jobs due to economic hardships.

By Macharia Kamau 1 month ago

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Workers face old age poverty as employers default pension

Companies battling tough economic times and government entities crippled by budgetary constraints increasingly reallocate employee pension deductions to cover immediate operational costs.

By Macharia Kamau 1 month ago

Regional lender banks on communities in new entrepreneurship drive

The Predators Den is an initiative to identify and provide business support to entrepreneurs so they can position themselves to earn a decent income from resources within their communities

By Macharia Kamau 1 month ago

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Why you will pay Sh8.50 per km for the Rironi-Mau Summit Road

Motorists will pay up to Sh8.50 per kilometre on parts of the Rironi-Mau Summit highway after the government approved different toll rates for the two concessioned road sections.

By Macharia Kamau 1 month ago

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The grand return: South African corporates back in droves despite historical fail

A recent multi-billion-shilling deals signal, renewed investor confidence despite previous exits by South African firms.

By Macharia Kamau 1 month ago

Nairobi International Financial Centre eyes Sh2.6b in investments from new firms

The Nairobi International Financial Centre has admitted a new set of firms that it says could help mobilise more than Sh2.6 billion ($200 million) in investments across several sectors.

By Macharia Kamau 1 month ago

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State flags falling telcos' service quality

The government has warned Kenya's mobile network operators over declining service quality and urged improvements as rising demand and infrastructure challenges affect connectivity.

By Macharia Kamau 1 month ago

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What to expect from new rules, tax measures

Among the measures that take effect on January 1, 2027 include the shorter window for filing tax returns for individuals, who will now be required to file their returns by April 30.

By Macharia Kamau 1 month ago

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Cooking gas demand jumps despite looming price shock

The government recently increased the Petroleum Development Levy on cooking gas to Sh5.40 per kilogramme from 40 cents, setting up Kenyans for higher costs.

By Macharia Kamau 1 month ago

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Price hikes, job cuts loom after new tax on furniture

Kenya's furniture manufacturers have been slapped with a surprise tax on imported wood-based boards in the new Finance Act that they say was without public participation.

By Macharia Kamau 1 month ago

Kenya in pact to reclaim Rwanda's fuel transit market

Kenya is looking to dislodge Tanzania as Rwanda's main fuel transit route following a new agreement signed on Monday.

By Macharia Kamau 1 month ago

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Digging one hole to fill another? Kenya's Eurobond buyback game

Controller of Budget report says Kenya's Eurobond buybacks have only replaced old debt with new borrowing, leaving the country's overall debt burden largely unchanged.

By Macharia Kamau 1 month ago

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How Treasury's caution on PPP projects holds back mega investments

Bidders say about 18 tenders, which were advertised last year have stalled, collapsed or cancelled yet are budgeted in the 2025/26 plan.

By Macharia Kamau 1 month ago

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Parliament seeks bigger say in control of Kenya's Sovereign Wealth Fund

MPs are pushing for stricter oversight of the proposed Kenya Sovereign Wealth Fund to prevent unconstitutional withdrawals.

By Macharia Kamau 1 month ago

Toll charge on upgraded Rironi Gilgil Road set at Sh8 a kilometre

The government has approved a charge of Sh8 per kilometre on parts of the Rironi-Mau Summit Road, which is being built by Chinese firms.

By Macharia Kamau 1 month ago

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How MPs plotted to 'kill' KRA's enforcement powers

Repeated attempts by Kenya's Treasury to expand KRA's enforcement powers have again been blocked by MPs, reflecting ongoing tensions between aggressive revenue collection and taxpayer rights.

By Macharia Kamau 1 month ago

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From financing to procurement: Who is fooling whom in JKIA expansion deal?

The government has denied contracting controversial businessman Wicknell Chivayo's firm IMC Construction Kenya the contract to modernise and expand the Jomo Kenyatta International Airport.

By Macharia Kamau 1 month ago

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Chivayo: Tycoon who rubs shoulders with Presidents

Wicknell Chivayo, a 44-year-old Zimbabwean businessman whose Instagram page is a luxury exhibition of private jets, expensive cars and posh Harare homes, is also a convicted fraudster.

By Macharia Kamau 1 month ago

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Tax Bill rebellion: Why MPs have rejected Ruto's proposals

The National Assembly's Committee on Finance and National Planning has broken ranks with Presiden Ruto's administration, systematically poking holes in a raft of aggressive tax measures.

By Macharia Kamau 2 months ago

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African aviation players push for increased connectivity

Africa accounts for just 2% of global air travel, prompting aviation leaders to push for open skies, improved safety, and stronger regional connectivity.

By Macharia Kamau 2 months ago

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African aviation industry players push for increased connectivity

Given the continent's vast size and large distances between major trade hubs, enhancing intra-African air connectivity is a critical enabler of political and economic integration.

By Macharia Kamau 2 months ago

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Ruto hits out at global lenders, calls for Africa's inclusion

Ruto regretted that Africa was not at the table when some of the financial and governance institutions were set up after the Second World War in 1945.

By Macharia Kamau 2 months ago

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How Wilson Airport runway rehabilitation is hurting airlines

Airlines operating at Wilson Airport say delayed runway rehabilitation works have caused losses exceeding Sh620 million, with operators warning of rising costs and greater disruption.

By Macharia Kamau 2 months ago

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Chivayo it is...: Controversial Zimbabwean Tycoon secures stake in Sh375b JKIA expansion deal

A Sh375 billion expansion deal for Jomo Kenyatta International Airport has sparked controversy after Zimbabwean businessman Wicknell Chivayo's firm joined a Chinese-led consortium.

By Macharia Kamau 2 months ago

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Why Mbadi slashed Opiyo Wandayi's budget despite fuel pressures

Treasury has cut funding for Kenya's energy and petroleum sectors despite heavy spending on fuel subsidies and rising power demand, raising concerns over future fuel stability and electricity supply.

By Macharia Kamau 2 months ago

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How supplementary budgets water down main plan, alter projects

Over the current financial year, the budget for State House was initially set at Sh8.58 billion but this, however, ballooned to Sh17 billion in the supplementary budget.

By Macharia Kamau 2 months ago

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Mbadi offers little hope despite admitting Kenyans sought

Mbadi's Sh4.82T budget faces scrutiny amid rising inflation, heavy domestic borrowing and Finance Bill tax changes raising cost of living concerns.

By Macharia Kamau 2 months ago

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Ouko's pending bills committee casts doubt on Sh402b claims

Kenya's Sh4.82T budget deepens debt concerns as domestic borrowing surges, raising fiscal deficit fears and pressure on private sector credit.

By Macharia Kamau 2 months ago

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Of harsh realities and tale of two worlds: Mbadi admits Kenyans sought to lessen burden but offers little hope

Treasury CS John Mbadi put on a brave face as he presented his Budget statement in Parliament, painting a contradictory image of an economy that is on the mend.

By Macharia Kamau 2 months ago