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Mount Kenya Safari Club suffers blow in Sh38 million electricity lawsuit

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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

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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

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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

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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

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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

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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

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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

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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...