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Mount Kenya Safari Club suffers blow in Sh38 million electricity lawsuit

Business Daily | by Sam Kiplagat The High Court has declined to hear a dispute filed by high-end Mount Kenya Safari Club against Kenya Power...

HF Group net loss widens to Sh1.7 billion

Kenyan Wall Street | by Miriam Wangui The mortgage finance bank HF Group reported a KSh1.7 billion net loss for the year 2020, from KSh110 million net...

Public invited to comment on Public Procurement and Asset Disposal Bill amendments

Members of the public are invited to submit comments on a bill which will protect suppliers to government entities from payment delays. If it passes,...

Experts want 14pc VAT on solar scrapped

People Daily | by Steve Umidha Green energy industry players have called for the amendment of Finance Act 2020 which introduced a 14 per cent...

UK gives Kenya Sh150m grant for Covid study

United Kingdom has given Kenya £1.1 million (Sh150 million) grant to support in coronavirus research. The grant will assist local scientists detect coronavirus anti-bodies in...

Bars closure punches Sh45bn hole in budget

Business Daily | by Constant Munda Prolonged closure of bars and night clubs has forced the Treasury to cut its excise tax projections by Sh45.8...

Banks lose Sh19bn in six months on Covid hurdles

Business Daily | by Patrick Alushula Commercial banks lost Sh19.48 billion in the six months to end of June as Covid-19 economic disruption forced lenders...

Domestic debt cost tipped to rise on high maturities

Business Daily | by Elizabeth Kivuva The government’s cost of borrowing from the domestic market is likely to go up from this month, pushed by...