Jasmine Wambui
38 Articles
Land prices in Nairobi’s satellite towns decline amid the rising economy- Report
Land prices in Nairobi’s satellite towns registered a modest 1.9 per cent increase in the fourth quarter of 2024, the slowest rate of growth in over 18 months. Thika and Mlolongo experienced the steepest deceleration, with price growth dropping from 6.3% and 6.6% to 0.9% and 1.1% in the fourth...
Technical committee formed as plans advance for Eldoret-Kampala-Kigali petroleum pipeline
The formation of the technical committee follows the reopening of talks between the four countries for extension of the pipeline in May.Further, discussions were held in Nairobi in July to establish the committee, which will guide the process of the construction of the pipeline which will carry diff...
Central Bank of Kenya lowers lending rates to 11.25%
Speaking during CBK's final monetary policy committee meeting of the year, CBK Governor Dr. Kamau Thugge urged commercial banks to lower their lending rates following this adjustment.He said the decision was prompted by cooling inflation, a relatively stable...
Savannah Clinker withdraws offer to take over Bamburi Cement after Benson Ndeta’s arrest
Tanzanian conglomerate, Amson’s Group has received approval from the Ministry of Mining, Blue Economy and Maritime Affairs for its proposed acquisition of Bamburi Cement.This approval follows the prior unconditional clearance from the COMESA Competition Commission....
KETRACO completes, powers-up Ksh.2.8B Sultan Hamud-Loitoktok transmission line
The high-voltage power line, which was built at a cost of Ksh.2.8 billion, is set to improve electricity supply in Kajiado and Makueni counties, allowing residents and businesses in the area access to stable and reliable electricity supply.
Gov't to launch overseas job recruitment targeting over 20K Kenyans - CS Mutua
Labour and Social Protection Cabinet Secretary Dr. Alfred Mutua, says the initiative is set to begin on Wednesday in Machakos County and will roll out across at least 20 counties before the end of the year.The government says the program’s first phase will place about 21,000 Kenyans in overseas jobs...
Kenya seeks Ksh.32 billion financial support from India
Flanked by India’s High Commissioner to Kenya, Namgya Khampa, Mvurya said that should the deal go through, sectors like agriculture, manufacturing and SMEs are set to benefit.
Digital technologies generated over Ksh.2 trillion across Sub-Saharan Africa: Report
With more than half of the population in Sub-Saharan Africa expected to gain internet access over the next decade, Google’s report reveals that this connectivity is expected to fuel GDP growth on the continent.
Energy CS Wandayi says special team set up to respond to power blackouts
The ministry says that it has rolled out comprehensive strategies aimed at tackling challenges bogging the sector, including high electricity costs, grid reliability, and poor consumer sentiment.The announcement came days after the country experienced yet another nati...
Drivers blame falling earnings for illegal fare hikes on ride-hailing apps
It is the same issue at the heart of this latest strike, but this time it is different. A growing number of passengers have complained about cases of harassment by digital cab drivers demanding payment of higher fares across a number of ride-hailing platforms.