Epra boss in fresh term challenge

A petitioner has filed a notice of appeal against a court ruling which paved way for the re-appointment of Pavel Oimeke as director-general of the Energy, Petroleum and Regulatory Authority (Epra). Emmanuel Wanjala said he was dissatisfied with Justice Hellen Wasilwa’s decision to dismiss his earlier application against the official…

Job cuts spark insurance policy cash withdrawals

Insurance firms have reported a sharp rise in policy cancellations and withdrawals by customers squeezed by the economic fallout from Covid-19, raising fears that many insurers could soon face liquidity challenges. Top insurers confirmed a sharp rise in withdrawals and surrenders, majorly on life assurance and pension products — a…

Leakey lines up Sh8.2bn museum in Kajiado

Renowned paleoanthropologist Richard Leakey has commissioned the construction of a new Sh8.2 billion museum in Loodariak, Kajiado county to boost knowledge on human evolution. Works on the facility, which has been designed by Daniel Libeskind, the architect who rebuilt the World Trade Center in New York, will begin later this…

Treasury raises income tax target by Sh36 billion

The Treasury has raised this year’s tax collection targets from company and employee earnings by Sh36.1 billion after President Uhuru Kenyatta announced the Covid-19 tax reliefs will end in January 2021. The latest revenue outlook report by Treasury Cabinet Secretary Ukur Yatani shows that income tax receipts are projected to…

Kenya Power on the spot for ignoring cheaper electricity

Kenya Power is on the spot for prioritising expensive thermal power over the cheaper options such as geothermal and hydro, effectively setting up consumers for higher electricity prices. Data by the Energy and Petroleum Regulatory Authority (Epra) shows that the power distributor last month took the highest proportion of the…

326 businesses registered daily in Covid survival race

The number of businesses registered in the three months to September nearly doubled after the economic fallout from the Covid-19 pandemic saw many Kenyans switch to a survival mode. Data from the companies’ registry shows that the number of business names registered between July and September jumped 95 percent to…