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Rai opens a new sugar plant

PHOTO: COURTESY   At least half of the sugar produced in Kenya is now controlled by one man after the billionaire Rai family opened their fourth milling plant in Bungoma. Naitiri Sugar Company which started milling in May is the new addition to the family’s sugar conglomerate that now spans […]

todayJuly 21, 2022 690

Business

Expensive fuel looms as IMF drops support for subsidy

  PHOTO: COURTESY   IMF has set a fresh loan condition requiring Kenya to drop fuel subsidy by October, exposing motorists to a sharp rise in pump prices. Kenya has since April last year spent an average of Sh7.65 billion monthly to subsidise diesel, super and kerosene, highlighting the adverse […]

todayJuly 21, 2022 187

Business

Where Kenya’s super-rich are migrating to for investments

      Wealthy Kenyans are seeking second homes in St Kitts and Nevis, a two-island county in North America. Its education system is better, it is affordable to get citizenship because the investment requirement is fairer than in other countries and it is crypto-friendly hence attractive to technology investors […]

todayJuly 21, 2022 28

News

Raila says he will not run again if he loses poll

PHOTO: COURTESY   Azimio-One Kenya presidential candidate Raila Odinga says this year’s election will be the last he will ever contest.   The former prime minister is 77 years old and is giving the presidency a fifth stab. Raila says that at his age, he does not intend to vie […]

todayJuly 21, 2022 22

Business

president Kenyatta halves the cost of maize flour

photo: courtesy   The cost of maize flour, used to make Kenya's staple food, has been cut in half less than three weeks before general elections. The measure aims to deal with the rising cost of living that has seen prices of basic commodities soar. A 2kg (70 oz) packet […]

todayJuly 21, 2022 18

Business

Keroche tax row headed back to court

PHOTO: COURTESY   The cash crisis facing Kenya’s second-largest beer maker Keroche Breweries has deepened after it defaulted on a tax repayment plan and ran into salary arrears by more than two months. Trouble at the Naivasha-based brewer became apparent in December when it was shut down by officials of […]

todayJuly 21, 2022 21

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