Kenya’s best and worst paying sectors revealed

Economy Kenya’s best and worst paying sectors revealed Tuesday December 13 2022 A customer is served at the Kenya Commercial Bank (KCB) in Nairobi. FILE PHOTO | NMG The highest proportion of Kenyans earning more than Sh100,000 is working in the financial and insurance sectors, pointing to an economy with few well-paying jobs amid high … Read more

A third of Kenya’s middle class heartbeat away from poverty

Economy A third of Kenya’s middle class heartbeat away from poverty Thursday December 08 2022 President William Ruto. FILE PHOTO A third of Kenya’s middle class are just a shock away from sliding into poverty, pointing to a precarious position for workers whose spending power has been ravaged by sky-high inflation and the worst drought that … Read more

Kenya defers Sh90bn debt payments on Eurobond miss

Economy Kenya defers Sh90bn debt payments on Eurobond miss Thursday November 10 2022 The National Treasury building in Nairobi. PHOTO | SALATON NJAU | NMG The Treasury deferred debt payments amounting to nearly Sh90 billion to this financial year after it cancelled plans to float a $1.1 billion (Sh133 billion) Eurobond last June because of … Read more

Betty Maina on the hits and misses in manufacturing and export growth plans

Boss Talk Betty Maina on the hits and misses in manufacturing and export growth plans Friday September 09 2022 Industrialization CS Betty Maina. FILE PHOTO | NMG Betty Maina was in 2015 plucked from the private sector, where she was the voice of the manufacturing industry, by President Uhuru Kenyatta and made Principal Secretary for … Read more

2023 Budget starts under Uhuru policies amid Ruto, Raila dispute

Economy 2023 Budget starts under Uhuru policies amid Ruto, Raila dispute Tuesday August 30 2022 National Treasury Cabinet Secretary Ukur Yatani at parliament buildings for the unveiling of the Sh3.3 trillion Budget on April 7, 2022. PHOTO | JEFF ANGOTE | NMG The Treasury has asked Cabinet Secretaries and parastatal CEOs to prepare budgets for … Read more

Inside Uhuru’s exit package as Kinyua team takes charge

Economy Inside Uhuru’s exit package as Kinyua team takes charge Sunday August 14 2022 President Uhuru Kenyatta. PHOTO | JOSEPH KANYI | NMG President Uhuru Kenyatta, who is set to leave office at the end of constitutional two terms, will receive a host of hefty retirement benefits, including a fleet of luxury cars, a fully-furnished … Read more

Monicah Juma explains talks with IPPS, Kenya Power reforms

Boss Talk Monicah Juma explains talks with IPPS, Kenya Power reforms Friday August 12 2022 Monica Juma’s tenure as the Energy and Petroleum Cabinet Secretary is nearing its end, less than a year at the ministry. From October when the career diplomat took over at Kawi House, overseeing reforms at Kenya Power and reduction of … Read more

Eight new last-minute universities worry analysts

Corporate Eight new last-minute universities worry analysts Monday August 08 2022 Analysts say awarding of charters to universities should be more than just politics. FILE PHOTO | NMG Award of charters is becoming a political bait in the run-up to every election after President Uhuru Kenyatta created eight new universities in the last two weeks … Read more

Kenya freezes Tanzanian tycoon’s cooking gas plant

Economy Kenya freezes Tanzanian tycoon’s cooking gas plant Thursday July 21 2022 Tanzanian billionaire Rostam Aziz. PHOTO | THE CITIZEN Kenya has frozen plans by a Tanzanian billionaire to set up a gas plant and storage facilities at the Mombasa port, threatening a trade spat between the two neighbouring countries. The Energy regulator has declined … Read more

Tourism players step up push for open skies policy

Counties Tourism players step up push for open skies policy Tuesday July 05 2022 Mombasa Coast Tourism Association Chairman Mohammed Hersi. PHOTO | KEVIN ODIT | NMG Players in the tourism industry have asked the government to implement the open skies policy to ensure the tourism hubs attract more international airlines. The industry players said … Read more