Oil marketers sabotaging fuel supply face jail terms, fines
Motorists queue at a Shell petrol station in Nairobi/ Mwakilishi.com NAIROBI, Kenya Apr 15- Oil Marketing Company (OMC) CEOs face jail terms and fines over the ongoing fuel shortage crisis in the country. The top executives risk two years in jail or fines of up to Sh2 million for their firms’ role in the current […]
High Court orders Mozzartbet to surrender Sh300 million over M-Pesa fraud
Mozzartbet Kenya manager Sasa Krneta at a past event in Nairobi/ Mozzartbet. NAIROBI, Kenya Apr 14- The High Court of Kenya has ordered betting firm MozzartBet to surrender over Sh300 million to the Assets Recovery Agency after the judge ruled that the funds were proceeds of crime. Court filings show that the funds frozen two […]
LSK To Sue Yattani Over Tax Appeals Tribunal Appointments
NAIROBI, Kenya Apr 12 – The Law Society of Kenya (LSK) says it will seek legal action over the appointment of 18 members of the Tax Appeals Tribunal by National Treasury Cabinet Secretary Ukur Yattani In a letter to Yattani, LSK claims the CS has no authority to make these appointments, terming the act unlawful […]
Judiciary Gets Less Than Half Of What The Asked For in 2022-2023 Financial Budget
NAIROBI, Kenya Apr 8 – The National Treasury has allocated Judiciary Sh18.9 billion in the 2022-2023 financial budget presented in Parliament by Treasury Cabinet Secretary Ukur Yatani on Thursday. Despite being an extra Sh1 billion from the Sh17.9 billion it received in 2021-2022 financial year, the budget falls short by 52 percent of what the […]
APA Life, Craydel partner to help parents fund higher education
Craydel founder and chief executive Manish Sardana and APA Life Assurance chief executive Catherine Karimi during the signing of a partnership deal/APA NAIROBI, Kenya Apr 6- APA Life Assurance and education tech firm Craydel have partnered to help parents and learners plan better for funding higher education. APA Life Assurance will provide access to financial […]
Limuru Tea Losses Go Up By 70pc In 2021
NAIROBI, Kenya Apr 5 – Limuru Tea has posted a 79 percent increase in losses in the year ended December, 31 2021 to post Sh14.2 million pre-tax losses compared to Sh7.9 million losses incurred in 2020. Management attributes the decline to low production volumes on the back of lower rainfall that went down by 40 […]
President Uhuru Kenyatta Signs Five Parliamentary Bills Into Law
NAIROBI, Kenya, Apr 4 – President Uhuru Kenyatta has signed into law five parliamentary bills at State House, Nairobi. Among them include the 2022 Supplementary I Appropriation Bill (Supplementary Budget), the 2021 Copyright (Amendment) Bill, the 2020 Kenya Deposit Insurance (Amendment) Bill, the 2022 Industrial Training (Amendment) Bill, and the 2019 Employment (Amendment) Bill. The […]
Treasury reveals plans to provide cheaper cooking gas by July
A variety of cooking gas cylinders/ themailnewsonline.com NAIROBI, Kenya Mar 25- The National Treasury is currently looking into plans to reinstate the subsidy scheme aimed at providing Kenyans with cheap cooking gas from July as LPG (Liquefied Petroleum Gas) prices in the country continue to soar. Spiking crude oil prices in the wake of the […]
New data privacy laws take effect in Kenya
ICT Cabinet Secretary Joe Mucheru during an interview/ pulselive NAIROBI, Kenya Mar 21- Companies in breach of Kenya’s privacy laws now face tougher convictions after parliament passed the new data act last week. Under the new law, all data controllers and data processors will now be required to register with the office of the Data […]
Kenya secures Sh85 billion World Bank loan
World Bank Group headquarters in Washington D.C/ Courtesy. NAIROBI, Kenya Mar 18- Kenya has received a $750 million (Sh85.8 billion) loan from the World Bank under its two-part tranche Development Policy Operation (DPO). The new loan facility will support the country’s budget and drive fiscal, power, water and land reforms even as the costs on […]
