KRA tax collections fall 15pc despite easing lockdown

Nairobi, Sept. 21 -- Kenya Revenue Authority's (KRA) tax collections for the two months to August dropped 15 percent to Sh188.08 billion, reflecting sluggish economic performance after easing Covid-19... Read More

MPs prevent shutdown of counties with cash sharing deal

Nairobi, Sept. 18 -- Senators have agreed on a new formula to guide the sharing of revenue among counties from next year, ending the impasse that had blocked the release of funds to the devolved units... Read More

Firms declare 14,400 jobs redundant since March

Nairobi, Sept. 17 -- Some 14,401 jobs in the formal sector have been declared redundant since March, pointing that majority of the 1.7 million layoffs in the wake of Covid-19 were not linked to scrapp... Read More

KWS bets on new fence to save Nairobi National Park

Nairobi, Sept. 16 -- Some privately owned land parcels bordering the southern end of the Nairobi National Park (NNP) may be fenced into the game reserve as part of a radical proposal to save the facil... Read More

Kenya Airways State takeover frozen in legal hitch

Nairobi, Sept. 14 -- The nationalisation of Kenya Airways #ticker:KQ (KQ) has suffered a setback after Parliament stalled a proposed law that seeks to return the national carrier to government ownersh... Read More

SGR reveals Sh21bn loss as China firm debt rises

Nairobi, Sept. 10 -- Taxpayers face a huge bill sustaining services on the standard gauge railway (SGR) after it posted a combined operating loss of Sh21.68 billion in the three years to May. A repor... Read More

Counties face shutdown on lack of law to unlock funds

Nairobi, Sept. 9 -- Counties are staring at operational shutdown due to the absence of a law that would have allowed them to access half of their equitable share pending approval of a formula on reven... Read More

KRA loses track of Sh896bn in wired offshore wealth

Nairobi, Sept. 8 -- Nearly Sh900 billion that wealthy Kenyans declared that they had wired back into the country from offshore accounts after being offered an amnesty on tax and source declaration can... Read More

How CS will set diesel subsidy for motorists

Nairobi, Sept. 3 -- Motorists will enjoy a State subsidy on fuel when the crude oil prices in the global market cross $50 (Sh5,420.40) per barrel. The Ministry of Energy yesterday told Parliament tha... Read More

July mobile money deals cross Sh400 billion mark

Nairobi, Sept. 3 -- The value of monthly mobile money transactions crossed the Sh400 billion mark for the first time in July, official data shows. Central Bank of Kenya (CBK) data shows that the tran... Read More