County government suppliers and contractors will receive payments amounting to Sh51.2 billion after the Controller of Budget (CoB) cleared part of their pending bill claims.
Increasing tuition fees, classifying universities into four disciplines based on their speciality and trimming bloated workforce are among proposals by vice-chancellors to reform universities.
The Senate Energy Committee has directed an energy regulatory body to investigate roles played by consultants and a contractor in a faulty pipeline project.
A few days to the launch of the Lake Turkana Wind Power plant by President Uhuru Kenyatta, the then UK Secretary of State for International Development Rory Stewart made a quiet tour of the multi-billion shilling project that went largely unreported in the local media.
Nedbank CIB recently announced the conclusion of its Centum Investment Company Plc (Centum) real estate deal in Kenya, said to be of substantial value.
The sharp increase in the Treasury’s borrowing from local banks has exposed the economy to shocks in the financial sector, analysts at global ratings agency Moody’s have warned.
Kenya’s war on betting reached new heights on Wednesday when its interior ministry ordered the deportation of 17 foreign directors of betting firms operating in the country.
The Indian Ocean, Lake Victoria and Lake Turkana have been identified as top contenders for hosting the first nuclear power plant that Kenya plans to build in the next 8-10 years.
The Kenya Revenue Authority (KRA) is set to install new electronic tax registers at business premises giving it real-time access to invoices issued by traders around the country in a new, high-tech war against tax cheats.
