Parastatals paid Sh91bn supplier arrears in Uhuru last days

Economy Parastatals paid Sh91bn supplier arrears in Uhuru last days Friday November 18 2022 In the past one year, parastatals’ pending bills have risen by Sh122 billion, worsening suppliers’ cash flow crisis. FILE PHOTO | NMG Heavily indebted parastatals paid a record Sh91.7 billion owed to suppliers in the last days of President Uhuru Kenyatta, … Read more

Uhuru PSs to serve longer in Ruto team after vetting hitch

Economy Uhuru PSs to serve longer in Ruto team after vetting hitch Thursday November 17 2022 President Dr William Ruto (centre), his Deputy President Rigathi Gachagua (left), and Prime Cabinet Secretary Musalia Mudavadi nominee at State House in Nairobi on September 27, 2022. PHOTO | EVANS HABIL | NMG Former President Uhuru Kenyatta’s Principal Secretaries … Read more

Uhuru ministers walk away with millions in farewell pay

Economy Uhuru ministers walk away with millions in farewell pay Thursday September 29 2022 A past cabinet sitting chaired by retired President Uhuru Kenyatta on May 12, 2022. PHOTO | PSCU Cabinet Secretaries who served in President Uhuru Kenyatta’s government will walk away with up to Sh20.8 million each in gratuity payment amid questions over the … Read more

Treasury spent Sh23bn without MPs nod in Uhuru’s last days

Economy Treasury spent Sh23bn without MPs nod in Uhuru’s last days Wednesday September 21 2022 Treasury building in Nairobi on June 11, 2020. PHOTO | SILA KIPLAGAT | NMG The Treasury spent Sh23 billion without the approval of Parliament in the weeks to the inauguration of President William Ruto. Documents tabled in Parliament show the … Read more

Uhuru, Ruto splash half a billion on travel in three months before polls

Economy Uhuru, Ruto splash half a billion on travel in three months before polls Tuesday September 20 2022 Retired President Uhuru Kenyatta and his successor Dr William Ruto at State House, Nairobi on Monday, September 12, 2022. PHOTO | PSCU President William Ruto and his predecessor Uhuru Kenyatta more than doubled the spending on local travel … Read more

Bumpy economic ride for William Ruto’s first 100 days

Economy Bumpy economic ride for William Ruto’s first 100 days Tuesday September 13 2022 President Uhuru Kenyatta and President-elect Dr William Ruto at State House, Nairobi on Monday, September 12, 2022, ahead of Tuesday’s swearing-in ceremony at Moi International Sports Centre, Kasarani. PHOTO | PSCU President William Ruto is expected to outline broad measures his … Read more

Court bars Uhuru appointees to board of electricity agency

Economy Court bars Uhuru appointees to board of electricity agency Friday August 19 2022 A court has temporarily barred eight members of the Rural Electrification and Renewable Energy Corporation (REREC) Board of Directors from discharging their duties following a dispute on their appointments. The affected directors are Wacuka Ikua (Chairperson of the Board), Brig. Hassan … Read more

CEOs, investors upbeat on economy as Kenya decides

Economy CEOs, investors upbeat on economy as Kenya decides Tuesday August 09 2022 Independent Electoral and Boundaries Commission (IEBC) Chairperson Wafula Chebukati (right) briefs media at the Bomas of Kenya on August 5, 2022. PHOTO | FRANCIS NDERITU | NMG Kenyans head to elections on Tuesday with business leaders upbeat about a peaceful political transition … Read more

Treasury economic secretary Geoffrey Mwau dies

Profiles Treasury economic secretary Geoffrey Mwau dies Monday August 08 2022 The late Dr Geoffrey Mwau. FILE PHOTO | NMG Treasury Economic secretary Dr Geoffrey Mwau, who has been at the centre of Kenya’s budget making, has passed on in a Nairobi hospital. Dr Mwau, a distinguished economist, served in several senior roles over the … Read more

Traders risk Sh1m fine for selling maize flour above Sh100

Commodities Traders risk Sh1m fine for selling maize flour above Sh100 Tuesday July 19 2022 Soko maize flour on sale at a supermarket. FILE PHOTO | NMG The State on Monday inked a deal with millers to cut the price of maize flour by half under a Treasury-backed subsidy that could a see retailer risk a fine … Read more