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Rerec to integrate solar into 20 diesel power plants in cost-cutting push

Nairobi, July 16 -- The Rural Electrification and Renewable Energy Corporation (Rerec) is set to integrate solar into 20 of its diesel power plants to cut its current annual Sh1.16 billion fuel bill a... Read More


Billionaire Kirima's firm locked in rental income tax row

Nairobi, July 16 -- A company linked to the estate of the late billionaire businessman and former Starehe MP Gerishon Kamau Kirima, Kirima & Sons Limited, is embroiled in a Sh52.8 million rental incom... Read More


Court: Export logistics services qualify for zero-rated VAT

Nairobi, July 16 -- The Court of Appeal has ruled that logistics services for exports qualify for zero-rated Value Added Tax (VAT), dealing a blow to the Kenya Revenue Authority (KRA), which sought to... Read More


Microfinance banks post deposit growth after 3 years

Nairobi, July 16 -- Deposits held by microfinance banks have edged up for the first time in three years, signalling a tentative recovery for a sector that has been under pressure from tight economic c... Read More


Prof Ayub Gitau: The new VC hoping to fix a decade of University of Nairobi turmoil

Nairobi, July 16 -- In that sea of an office that is the vice-chancellor's floor at the University of Nairobi (UoN), docked on the 18th floor of the UoN Towers, Prof Ayub Gitau revels in numbers. He ... Read More


Your 'pure honey' may have hidden additives, CAK warns

Nairobi, July 16 -- The sweetness of your favourite 'pure honey' may not be entirely the result of bees painstakingly converting flower nectar into the natural sweetener. Instead, it could also be th... Read More


Nairobi should make good use of its own-source revenue collections

Nairobi, July 16 -- Nairobi County posting Sh15 billion in own-source revenue is no small achievement. Put in perspective, it is nearly equivalent to its equitable share of national revenue, which sta... Read More


State ordered to produce key records in Kenya Pipeline sale

Nairobi, July 16 -- The High Court ordered the government to produce key records underpinning the privatisation of Kenya Pipeline Company (KPC) before a petition challenging the sale proceeds is heard... Read More


Standard Investment Bank (SIB) founder on legacy, innovation and succession

Nairobi, July 16 -- In a rare interview with the Business Daily, Standard Investment Bank (SIB) founder and managing director James Wangunyu offers lessons on building a legacy, innovating for the fut... Read More


Banks to protect disputed funds after payment errors

Nairobi, July 16 -- Kenya Commercial Bank (KCB) has lost a three-year court battle over a Sh2,050 mistaken mobile money transfer, with the court holding that banks have a duty to act promptly to prese... Read More