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Top Business Daily Headlines Today!
Kenya cancels France-backed Mau Summit toll highway contract
Kenya has canceled the contract for the construction of the Nairobi-Nakuru-Mau Summit toll road, citing, among other things, high toll fees proposed by the French contractors. — Read More
Revealed: Burst man-made gulley caused Maai Mahiu tragedy
The raging waters that killed 46 people and left dozens others injured in Maai Mahiu came from a water-filled gulley in Kiambu that flowed down to Naivasha Sub-County, not from a dam, the Water Resources Management Authority (Warma) has said. — Read More
Kisumu-Uganda expressway feasibility assessment kicks off
Two consultancy firms appointed by the East African Community (EAC) have taken over the site for the planned 256-kilometre four-lane expressway from Kisumu to Uganda via Busia, ready to kick off feasibility studies on the project aimed at boosting regional trade. — Read More
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State costs outpace taxes despite President Ruto’s pledge
The cost of running the national government has risen faster than tax receipts in the current financial year, going against President William Ruto’s pledge to lessen the burden on taxpayers by presiding over a cost-efficient administration. — Read More
20 foreign institutional investors flee NSE in three months
Some 20 foreign institutional investors exited the Nairobi Securities Exchange (NSE) in the first three months of 2024, new data shows, mirroring continued bearish sentiment by foreigners on local stocks. — Read More
Bill sets a June 30 deadline for county Finance Bills.
The government has moved to enforce a deadline on passage of Finance Bills by the counties in a bid to plug a loophole that has seen the 47 devolved units miss out on revenues. — Read More
Cloud computing: Experts poke holes into President Ruto’s 1GW data centre
President William Ruto's announcement that Kenya will begin constructing a one-gigawatt (1 GW) capacity data center in Naivasha has stirred debate among experts regarding the project's viability. — Read More
How to turn the tide against flooding
As Kenya faces yet another year of devastating floods, the sorrow of displacement, loss of life, and economic turmoil brings a pressing question to the forefront: How can we turn the tide against this recurring disaster? — Read More
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