Kenya

Terror fears, late payments delay Lamu Port construction

Five years to complete first berth at proposed 32-berths facility.

Bolt receives Sh5.6bn for research in expansion plan

Funds will go into improving safety, reliability and sustainability of services.

Coffee farmers to get advance pay

Uhuru ordered fund after Mt Kenya farmers complained they were losing money.

Kenya Power moves to curb illegal connections

The company has rolled out a crackdown on illegal connections in Nairobi, a campaign that will be expanded countrywide.

Chandaria firm guarantor to lose property in Sh6bn debt

This is a repeat of the same scenario witnessed in January last year when local lenders including I&M Bank, NIC Bank ...

Treasury says Kenya created 843,900 new jobs in 2019

There were 3,300 more jobs created compared to 2018 even as GDP growth slowed down.

Uganda protests impounding of Lato milk by Kenya

Volumes coming from Uganda have been increasing for the last three years.

Tullow suspends oil trucking to Mombasa

Tullow has suspended trucking of crude oil from Turkana to Mombasa due to severe damage to roads, caused by adverse ...

Floating of Sh150bn local bond bad for economy - experts

  • Low lending to the private sector is said to the the main factor that curtailed Kenya's economic growth in ...

Yatani promises tough measures in 2020-21 budget

Expect reduced spending on mega projects.

Suppliers to wait longer for Sh80.9bn 'questionable' pending bills

County governments are holding a total of Sh37.7 billion while the national government has Sh43.2 billion of ...

Uhuru's tea sector reforms targets farmers earnings

  • He called for quick restructuring of KTDA to assure tea farmers get more revenue from their tea ...

Fuel prices rise slightly in January on high import bill

Motorists in Nairobi will now pay Sh110.20 for a litre of petrol.

Prosecution faulted as billionaire Kariuki’s case stalls

Prosecution accused of failing to comply with court order.

GCR upgrades PTA Reinsurance's credit rating on stable outlook

It attributed the upgrade to the firm's sound financial profile supported by solid capitalization and strong liquidity, ...

Treasury to reign on ministries, counties in pending bills

Treasury CS Ukur Yatani vows to go hard on ministries, government agencies and counties in paying suppliers.

Lifeline for Uchumi supermarket as creditors back recovery plan

  • The government seems skeptical Uchumi's recovery plan after several capital infections that failed to bear ...