MPs shoot down plan to take Rivatex to Naivasha

Nairobi, Feb. 9 -- Parliament has shot down a proposal by the Ministry of Trade and Industrialisation to move Rivatex from Eldoret to Naivasha. The National Assembly's committee on Trade and Industry... Read More

Treasury slashes NIS budget by Sh10 billion

Nairobi, Feb. 8 -- The Treasury has slashed the budget of the National Intelligence Service (NIS) by Sh10 billion as the State moves to implement an austerity plan on the expenditures of ministries, d... Read More

Auditor flags another Sh1.3bn diverted from petroleum fund

Nairobi, Feb. 3 -- The Rural Electrification and Renewable Energy Corporation (REREC) spent Sh1.3 billion, which the Treasury diverted from the Petroleum Development Fund, on 245 rural electrification... Read More

MPs shield 1,764 regulations from expiry with extension

Nairobi, Feb. 3 -- Parliament has given the State a one-year window to republish and table in the house 1,764 regulations enacted by Cabinet secretaries, constitutional Commissions and independent off... Read More

Truck fined Sh14m for axle load rules breach

Nairobi, Jan. 31 -- The highways authority has fined a truck owner Sh14 million for exceeding the maximum axle load allowed in the regional trunk road network. The Kenya National Highways Authority (... Read More

MPs on the spot for failing to wind up 8 dormant funds

Nairobi, Jan. 30 -- The Auditor-General Nancy Gathungu has questioned delays in the winding up of eight dormant funds, including those created in the colonial era, whose closure the Cabinet sanctioned... Read More

Auditor doubts recovery of Sh4.6bn Uwezo Fund loans

Nairobi, Jan. 30 -- The Auditor-General has raised concerns over the recoverability of Sh4.6 billion advanced to various groups through the constituency Uwezo Fund offices. Auditor-General Nancy Gath... Read More

Parliament stops banks from asking clients sources of cash deposits

Nairobi, Jan. 26 -- Customers will no longer be required to disclose the source, use and beneficiaries before getting clearance from banks to withdraw or deposit at least $10,000 (Sh1.5 million) in ca... Read More

Oil exploration firms default on Sh2.3bn levies

Nairobi, Jan. 3 -- The Petroleum Ministry is on the spot for failing to recover Sh2.3 billion in fines, penalties and levies due from oil exploration companies in outstanding training levies and servi... Read More

Sh1.2bn IDP land unused after a decade

Nairobi, Jan. 2 -- Land worth Sh1.2 billion bought to resettle Internally Displaced Persons (IDPs) in various parts of the country remains undistributed for close to a decade. Auditor-General Nancy G... Read More