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1 week ago | 
businessdailyafrica.com | John Mutua
A parliamentary committee has flagged the relentless slowdown of pension payments to retired public servants amid financial struggles by the National Treasury. The National Assembly Public Debt and Privatisation Committee said the delays and at times defaulted pension payments are exposing thousands of retired public servants to undue financial duress.
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2 weeks ago | 
nation.africa | Samwel Owino |John Mutua
A cooking gas cargo imported by Lake Gas last month has been declared unfit for use, adding to the controversy surrounding the company’s efforts to penetrate the local market, at both importation and retail ends. A letter seen by the Nation shows that the Kenya Bureau of Standards (KEBS) declared the undisclosed tonnes of LPG unsafe, due to low levels of ethyl mercaptan – an odorant which is used to detect leakage in LPG containers.
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2 weeks ago | 
businessdailyafrica.com | John Mutua
Kenya is eyeing Adani-type deals worth Sh70 billion in the year starting July, as the country increasingly turns to the Public Private Partnership (PPP) model to plug the infrastructure gap. Treasury Cabinet Secretary John Mbadi on Thursday said the State is banking on the PPP model to deliver 32 projects comprising the construction of electricity transmission lines, new dams and building roads.
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2 weeks ago | 
businessdailyafrica.com | John Mutua
Lake Turkana Wind Power's (LTWP) annual electricity supply to Kenya Power dipped to its second lowest last year, amid reduced wind speeds which hurt generation of clean power from the biggest wind plant in Africa. Company disclosures show that LTWP’s net generation was 1,367 Megawatts-hour (MWh) from 1,481MWh produced in 2023. The drop came in a year when average annual wind speed in the area dropped to 9.6 metres per second (m/s) from 10.6m/s the previous year.
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2 weeks ago | 
businessdailyafrica.com | John Mutua
Kenya Power is set to acquire at least 2,400 meters at an undisclosed price by September as the company seeks to speed up connections and replace faulty ones. The electricity distribution monopoly last week closed a tender where it sought manufacturers to supply the low voltage current transformers (LVCT) meters, within four months upon awarding of the deal.
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2 weeks ago | 
businessdailyafrica.com | John Mutua
The Kenya Revenue Authority (KRA) has defended the new steep taxes on car imports from July 1, 2025, citing a lengthy lag in adjusting the rates. The taxman said the Current Retail Selling Price (CRSP)—the base price used to determine duty payable on each unit—has not been adjusted since 2019. “In 2020, the authority’s attempt to review the CRSP was contested by stakeholders in court. As a result, the current list has remained unchanged since 2019.
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3 weeks ago | 
businessdailyafrica.com | John Mutua
The National Social Security Fund (NSSF) has endured a 29-year wait for tax refunds from the Kenya Revenue Authority (KRA), bringing to fore the pain taxpayers face when claiming overpaid taxes. Disclosures by the Auditor-General show that the NSSF has not yet received the Sh904.9 million that it mistakenly paid to the KRA in 1996 and 1997, despite being exempt from paying income tax as a State-controlled pension fund.
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3 weeks ago | 
businessdailyafrica.com | John Mutua
The World Bank (WB) will delay releasing $750 million (Sh96.9 billion) to Kenya, after the country failed to pass a Bill to curb graft amongst public officers, forcing the Treasury into a third budget review in the current financial year ending this month. Treasury Cabinet Secretary John Mbadi on Wednesday said the earliest disbursement date for the WB cash is July, with the government now at a loss on how to plug the budget deficit of Sh96 billion.
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3 weeks ago | 
businessdailyafrica.com | John Mutua
More than 14 motor vehicle models are missing from the new price list that Kenya Revenue Authority (KRA) will use to calculate taxes on used imports from July 1 amid industry uproar over steep and unpredictable duty. The models include the Subaru Impreza G4 (1.59 litre petrol engine), Toyota Vitz (non-hybrid), Mazda Atenza Sedan GJEFP (petrol) with the two-litre engine, the Toyota Harrier 2WD ZSU60.
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3 weeks ago | 
businessdailyafrica.com | John Mutua
The Kenya Revenue Authority (KRA) has published a new pricing template upon which it will determine duty on imported used motor vehicles (current retail selling price (CRSP)) from next month. The new CRSP has more than doubled duty for some models, notably the small engines and this is set to trigger massive price increments. Duty for a number of fuel guzzlers will fall. Importers are opposed to the CRSP and are pushing KRA to delay it by between 60 days to 90 days.
