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Lucrative Kenyan betting market attracts 29 more gambling firms

Nairobi, May 1 -- The number of betting firms licensed to operate in Kenya increased by 29 from September last year as increased taxation failed to deter the entry of more players into the multi-billi... Read More


Vivo cuts power use by 156MW on solar plant

Nairobi, May 1 -- Vivo Energy Kenya cut its reliance on Kenya Power by 156 megawatts (MW) last year, becoming the latest big power consumer to reduce consumption of relatively more expensive electrici... Read More


Bill sets June 30 deadline for counties Finance Bills

Nairobi, April 30 -- The government has moved to enforce a deadline on passage of Finance Bills by the counties in a bid to plug a loophole that has seen the 47 devolved units miss out on revenues. T... Read More


Vivo sales fall by Sh36bn on weak shilling

Nairobi, April 30 -- Vivo Energy's revenues in the Kenyan market dipped by $233 million (Sh36.49 billion) in the year ended December 2023 as a weakening shilling and depressed demand for fuel hit the ... Read More


Uganda keeps oil import case alive despite Kenya deal

Nairobi, April 26 -- Uganda is yet to withdraw the case filed against Kenya, bringing into question the truce the two countries entered into allowing Uganda National Oil Company (Unoc) to import fuel ... Read More


Power imports hit all-time high in quarter to March

Nairobi, April 22 -- Electricity imports between January and March this year hit an all-time high, as the country increasingly turned to Ethiopia and Uganda even as generation from the dams started pi... Read More


Kenya has costliest fuel in East Africa despite latest price cut

Nairobi, April 18 -- Kenya has the most expensive fuel in the East African region even after the regulator cut pump prices by up to Sh10 a litre in the latest price review. A comparison by GlobalPetr... Read More


Rubis inks deal to operate National Oil in rescue plan

Nairobi, April 18 -- French oil multinational Rubis is set to become the strategic investor in National Oil Corporation of Kenya (NOC Kenya) in a deal aimed at reviving the struggling State-owned oil ... Read More


TikTok to publish quarterly compliance reports in new rules

Nairobi, April 17 -- Chinese social media platform, TikTok will be required to publish compliance reports every three months, as Kenya seeks to control the influence of the site, which is blamed for p... Read More


Relief for motorists as fuel prices drop further

Nairobi, April 14 -- Petrol, diesel price drops by Sh5.31, Sh10 and kerosene Sh18.68 in Epra monthly review; to retail at Sh193.84, Sh180.38 and Sh170.06 per litre respectively in Nairobi. More to fo... Read More