The loss making Kenya Power is now blaming its massive losses to the consumers’ growing shift from it’s expensive electricity to cheap solar energy. The...
Business
Cabinet Secretary for Energy Charles Keter has told the Senate Committee that Kenya Power is in serious financial turmoils and only surviving on short loans and bank...
The loss making East African Portland Cement Company’s (EAPCC) plot to convert all its permanent employees to temporary employees with a pay cut of 50% has hit a snag...
New data shows that electricity consumers in Kenya will still pay for idle electricity despite the slowed demand. Contracted companies generated more that one billion...
Exactly last month, cnyakundi.com wrote about how Tala loans is struggling to get back its money lent to Kenyans after the Central Bank Of Kenya locked out over 330...
It has emerged that Treasury will spend Sh5 billion to compulsorily acquire Nairobi’s Railways Club as the government seeks land for the Nairobi Expressway Road Project...
Electricity generator, Kenya Power, has sunk deeper into losses for the financial year ending June 2020 after recording the worst results in decades. The firm reported a...
Recently, a visibly weary Ronald Karauri tried to revive the popular betting brand, now banned SPORTPESA, using a proxy firm-Milestone Games Limited- where he had...
Kenya has reached out to the International Monetary Fund (IMF) for the second time in less than six months for more loans to cushion the budget that has been ravaged by...
Dutch brewers, Heineken, has challenged a Sh1.79 billion compensation bill imposed on it for terminating a distribution deal with Maxam Ltd, a company owned by tycoon...
The Ministry of Energy run by former Kericho Senator Charles Keter is set to hike consumer prices of electricity and petroleum products if Parliament adopts it’s...
Five years after investing in Imperial bank’s Sh2 billion corporate bond, the investors were now supposed to be counting down to payday. However, Imperial Bank, whose...
The Auditor-General has revealed how cartels at the Cash-strapped National Oil Corporation of Kenya (Nock) looted more than Sh2.3 billion. According to a report recently...
Camellia Plc, the parent company of Kakuzi is seeking an out-of-court settlement of a human rights abuse case in where Kenyan victims have sued Kakuzi and affiliates in...
The loss making electricity distributor Kenya Power risks a Sh1.765 billion penalty for failing to surrender unclaimed assets, dividends and stale cheques to the state...
The Central Bank of Kenya has opened a new currency hub in Kisii town in efforts to ease cash distribution to counties in Nyanza region. CBK Governor Patrick Njoroge...
Troubles continue to pile at the already loss-making Kenya Power (KPLC) after it was slapped yet again with a Sh722.31 million penalty for flouting 40-day window of...
Murang’a based agricultural firm, Kakuzi, continues to bear the brunt of human rights abuse by its security guards after two more large European supermarket...
Last month, Safaricom PLC’s MPESA overdraft service Fuliza reported that subscriber loans in the six months to June 2020 rose to Sh176 billion from last years Sh81...
The troubled National Oil Corporation of Kenya (Nock) is projecting a Sh1.44 billion loss for the year ended June 2020 with they attribute to their deeper financial...
Kenya Power now wants Energy and Petroleum Regulatory Authority (EPRA) removed from power purchase agreement (PPA) negotiations to reduce oversupply of electricity in...
We have obtained exclusive audit reports trailing how Edward Marienga, the Executive Director at Family Health Options Kenya (FHOK) siphoned millions of funds and...
Following news that over 330 unregulated digital mobile lenders and some Microfinance forms have been blacklisted by the Central Bank of Kenya (CBK) from listing loan...
Mobile service sub-sector in Kenya continues to grow and employ more Kenyans in the recent years. Data from the Communication Authority of Kenya (CA) shows that 2550...
The High Court in Uganda has rejected a plea by terrorism-linked bank DTB to have an independent auditor carry out a full account reconciliation of the financial...
Parliament has recommended a higher levy for importers who choose to transport their goods by road in a move aimed at forcing the use of standard gauge railway (SGR). In...
Tycoons are struggling to clear their faulty aircrafts currently on auction at various airports in the country after the Kenya Airports Authority (KAA) declared them a...
President of the Free Nation Donald Trump has, in a Saturday press briefing, supported a deal in principle that would allow Chinese app-TikTok to continue its operations...
The Kenya shillings hit a new record low on Tuesday when it traded at 108.55 units against the US dollar. The decline is attributed to rising costs of imports of raw...
SBM Bank, the successor to the collapsed Chase Bank has entered the dire straits. Reports indicate the the bank which acquired both Chase and Fidelity commercial banks...
