Tuju Hotel auctioned for Kes450 million
Mr Tuju and the regional bank were entangled in a web of litigation for almost half a decade, through all manner of courts locally and abroad, taking the case all the way to the Supreme Court.
DP Gachagua’s accused of killing confidence in Kenyan state in NIS attack
The detail of the investigations, bank account numbers, nature of transactions and trail of the networks used by Gachagua to steal taxes show the hand of the National Intelligence Service
BCG says $2.4 trillion climate debt unsustainable at ‘African’ interest rates
Africa pays more for debt despite the reality that the continent is less likely to default and has some of the highest rates of recovering bad debts at 80 percent for private debt and 91 percent for public loans.
Ivory trafficking makes a comeback as motorcycles fuel poaching
Kenyan elephants are crucial to the country’s tourism business, but their numbers have been decimated over the years from 170,000 in the early 1970s to just less than 20,000 in the 1980's and just over 30,000 today.
Will US rate cuts give Kenya an edge in IMF talks
The IMF support has come with tough structural adjustment programmes that have resulted in open confrontations between governments unable to keep administrations running and businesses unable to keep shops open at high levels of extractive taxation.
Kenya Power leaves road to Bondo in darkness for three weeks
Last year, the government signed a $900 million power transmission deal with Adani Energy solutions to construct the 371 kilometers transmission line and five substations in eastern and western Kenya under a public private partnership model.
Banks keep away from debt auctions demanding higher interest
Kenya has even turned to printing money, to pay bondholders with the Central Bank of Kenya revealing they advanced the government Kes22.6 billion to meet bond interest payments.
President Ruto hikes cost of all government services
The Move is in line with IMF and World Bank push to raise revenues over and above tax increases targeting service fees that had not been reviewed for years.
Moodys downgrades Kenya on losing tax powers
Moodys said, in the context of heightened social tensions, they do not expect the government to be able to introduce significant revenue-raising measures in the foreseeable future.
President Ruto balances Gen Z, IMF in olive branch
Despite the offer Gen Z protesters turned up in huge numbers for the Saba Saba rally, marking the historical day of protests with calls for President Rutos’ resignation
Tik Tok… is govt running out of time to quell protests
Investors are watching how Kenya will manage the anti-tax protests and negotiate to keep International Monetary Fund (IMF) programme on course given the scrapping of the Finance Bill could derail more funding.
