The government has increased its allocation for subsidized home connections to the national grid by Ksh.1.48 billion for the fiscal year beginning July, giving hope to thousands of households that have yet to receive electricity. According to the National Treasury's newest spending plans, Ksh.5.8 billion has
Kenyans living and working abroad sent home Ksh.42.05 billion in March this year, the highest inflows ever sent in a single month, defying the economic fall-out occasioned by the coronavirus pandemic. The inflows were higher by a 15.5 percent growth compared to Ksh.36.7billion sent in February. According
Kenya Airways (KQ) cut its manpower from 3652 in 2020 to 3544 in 2021 to represent a three percent cut on the carrier’s payroll. This was against the backdrop of the coronavirus pandemic that hit the airline. The slashing saw employee costs fall to Ksh.12.71 billion from
The Teachers Service Commission (TSC) has been allocated Ksh.2.5 billion for recruitment of teachers. This was revealed by National Treasury Cabinet Secretary Ukur Yatani while reading the budget proposals for 2022-2023, which allocated Ksh.544.4 billion to the Education Sector. TSC was given Ksh.294.7 billion in total, an
The Agricultural sector has remained to be the largest contributor to Kenya's Gross Domestic Product (GDP), a sector President Uhuru Kenyatta has prioritised in his key development pillar under the “Big 4 agenda” on food and nutritional security. To sustain the sector amidst raging drought and
The value of Tullow Oil's Kenya assets could plummet by close to Ksh.30 billion if the Government fails to grant a production license on time. This is on the back of a production license the oil firm the government has delayed handing over. "Discussions are underway with
Jubilee Holdings Limited has paid Ksh.1.1 billion for Coca-Cola East Africa's former offices in Nairobi's Upper Hill, with the insurance company preparing to relocate its headquarters in September this year. According to Business Daily, the underwriter will lease out a portion of its current home, Jubilee
Oil Marketing Companies (OMC) in Kenya have made a number of demands to the Government, including the immediate payment of Ksh.13 billion in oil subsidy funds that are owed to them since January. This saw the government summon the marketers over the weekend for a meeting
The Ministry of Agriculture has reduced the number of bags per producer to 10, a move which excludes the country's large-scale farmers from the Ksh.5.7 billion fertilizer subsidy fund. Agriculture Cabinet Secretary Peter Munya said that farmers will be permitted to buy five bags of planting
I&M Holdings has recorded a 2.5 percent increase in net profit to Ksh.8.62 billion for the full year ended December 31, 2021. The increase in profit has been supported by interest income from loans and investment in Government securities. The bank has recommended a 33.3 percent rise
