Kenya’s water service providers could be losing up to Sh8.9 billion annually due to leakages, illegal connections and poor management, a new report shows. FILE PHOTO | NMG Kenya’s water service providers could be losing up to Sh8.9 billion annually due to leakages, illegal connections and poor management, a new report shows. Unbilled water is […]

The Central Bank of Kenya. FILE PHOTO | NMG Commercial banks are likely to lower their cost of funds and increasingly retreat to government securities in coming months in a bid to cushion their profitability, analysts at KCB Capital #ticker:KCB say. In practice it means that lenders will push down deposit and savings rates, which […]

East African Breweries Limited (EABL) plant in Ruaraka, Nairobi. FILE PHOTO | NMG Price increases for a wide range of goods, including fuel, bottled water, juice and beer, have been delayed by six months, offering reprieve to consumers already hurt by job cuts and unpaid leave in the wake of the Covid-19 pandemic. This follows […]

Times Tower. KRA Headquarters. FILE PHOTO | NMG The Kenya Revenue Authority (KRA) has paid firms Sh25 billion in value added tax (VAT) refunds as at last month in the face of the coronavirus crisis. The refunds, less than half the Sh62.3 billion claims lodged, are a boost to firms struggling with cash flows amid […]

Passengers will pay Sh4,800 on a one-way ticket to Kisumu, Mombasa, Eldoret and Malindi from Nairobi following the lifting of restrictions on movement in and out of the capital and resumption of air travel. FILE PHOTO | NMG Jambojet has revealed ticket prices for flights to Kisumu, Mombasa, Eldoret and Malindi from its Nairobi hub […]

Kenya Airways planes at the JKIA in Nairobi. FILE PHOTO | NMG Kenya Airways will get rid of some assets, reduce its network and lay off an unspecified number of workers to limit losses from Covid-19. Chief executive Allan Kilavuka said in an internal memo that KQ arrived at the decision following a review of […]

Travellers board a Jambojet plane. FILE PHOTO | NMG Budget carrier Jambojet plans to resume eight daily and four weekly flights on its domestic routes from next week following the lifting of travel restrictions over the coronavirus pandemic. The airline’s acting Managing Director Karanja Ndegwa said the frequencies will be reviewed regularly to respond to […]

Central Bank of Kenya (CBK). FILE PHOTO | NMG Kenya’s current account deficit narrowed to 5.2 per cent in the 12 months to May from 5.6 per cent in April, attributed to lower oil imports and improvement in exports of tea, horticulture and remittances. The figure is below the projected current account deficit of 5.8 […]

After the Covid-19 numbers, the other closely followed figures at this time are those of job losses due to the economic impact of this disease. FILE PHOTO | NMG After the Covid-19 numbers, the other closely followed figures at this time are those of job losses due to the economic impact of this disease. Recent […]

The value of second-hand clothes and footwear imported by traders in Kenya dropped by Sh600.4 million in the three months to March. FILE PHOTO | NMG The value of second-hand clothes and footwear imported by traders in Kenya dropped by Sh600.4 million in the three months to March compared to a similar period last year […]