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Seven Seas spared Sh610m tax in out-of-court KRA deal

Nairobi, April 16 -- Seven Seas Technologies will pay a lower Sh289.84 million in taxes instead of the Sh900.4 million claimed by the Kenya Revenue Authority (KRA) after the two parties reached an out... Read More


Kenyans face tough times as global oil prices hit five-month high

Nairobi, April 14 -- Prices of Murban crude in the global market have climbed to highs last seen in October last year, setting up Kenyans for an end to months of a continued drop in local pump prices.... Read More


Relief for motorists as fuel prices drop further

Nairobi, April 14 -- The shilling's strong rally against the dollar has helped lower pump prices by up to Sh10 a litre, even as murban crude globally increased, handing Kenyans reprieve at the pump. ... Read More


Why pump prices will go up from next month

Nairobi, April 11 -- Prices of Murban crude on the global market have climbed to highs last seen in October last year, setting up Kenyans for a rise in the cost of fuel after a short season of decline... Read More


Industrialists save Sh947m on special electricity tariff

Nairobi, April 10 -- Industrial and commercial firms saved Sh947.3 million on electricity bills between July and December last year due to the increased use of a night tariff that is meant to encourag... Read More


Kenya races to start tracking gas cylinders from June

Nairobi, April 9 -- Kenya will in June roll out a new system to automatically track cooking gas cylinders in the latest effort to combat a thriving black market in the multi-billion shilling sector. ... Read More


Kenya Power electricity losses stuck above limit

Nairobi, April 9 -- Electricity losses by Kenya Power have remained above the allowed limit after years, highlighting the utility's struggles to supply reliable power. System loss is the difference b... Read More


Rubis gains market share as major competitors lose

Nairobi, April 8 -- French-owned Rubis was the only multinational that grew its market share between July and December last year, narrowing the gap between it and rivals TotalEnergies Marketing Kenya ... Read More


Five firms eye 1,000MW of wind energy in Marsabit

Nairobi, April 4 -- Sosian Energy, which is linked to the family of the late President Daniel arap Moi, is one of five firms seeking to build wind power projects with a combined capacity of 1,000 mega... Read More


Prices of imported used cars to drop on strong shilling

Nairobi, April 4 -- Prices of imported used cars are projected to drop by at least Sh100,000 from June amid the strengthening of the shilling, a rare relief to buyers who have for months grappled with... Read More