Public Investment Management Guidelines Stories

Auditor-General urges state to conduct loan scrutiny to avoid costly penalties on taxpayers
Lucy Mumbi  |  Jan 03, 2025

Gathungu highlighted concerns over the improper utilisation of billions in loans and recommended measures to prevent avoidable financial burdens.

Dozens of families left homeless as bulldozers demolish homes in Nairobi's Kayole
Maureen Kinyanjui  |  Dec 17, 2024

Residents of Nyama Villa Estate were woken early in the morning by the deafening sound of bulldozers and the presence of armed police officers.

Kilifi County secures major investments, signs six MoUs with investors
Maureen Kinyanjui  |  Dec 11, 2024

Deputy Governor Flora Chibule announced that the new investments, backed by both local and international investors, are set to have a transformative i...

MPs probe KEMSA over Sh19m overpayment and sale of expired drugs
Maureen Kinyanjui  |  Nov 28, 2024

The National Assembly committee is now calling for greater transparency and oversight in KEMSA's distribution system.

MPs summon Treasury, Transport CSs over audit queries linked to roads agencies
Maureen Kinyanjui  |  Oct 24, 2024

Audits revealed troubling findings, such as numerous incomplete projects, significant pending bills, and delays attributed to contractors.

Senate fines former Kitui governor Charity Ngilu for ignoring summons
Maureen Kinyanjui  |  Oct 09, 2024

Despite Ngilu's absence, the Senate committee questioned former Kitui County Chief Officer of Trade and Investments, Justus Makau.

Ruto calls for Africa to develop independent, sustainable health financing models
Maureen Kinyanjui  |  Sep 24, 2024

The Head of State emphasised the need for Africa to break away from the traditional multilateral funding systems, which he said have repeatedly failed...

Why youths are shying away from long-term investments
Alfred Onyango  |  Sep 17, 2024

Among the youths who do invest, the study notes that they venture mostly into business (42%) and farming (34%).

Kenya formally joins Asian Infrastructure Investment Bank
Mwangi Maina  |  Sep 03, 2024

Ruto stated that this membership would allow Kenya to access concessional funding for a variety of development projects.

Kenya to top its East African peers in investment deals
Alfred Onyango  |  Aug 29, 2024

In November last year, the government unveiled the names of entities that would be handed over to private operators in the State privatisation program...

MPs probe ten-year idle geothermal steam amid high electricity costs
Lucy Mumbi  |  Aug 15, 2024

The Committee, chaired by Pokot South Member of Parliament David Pkosing, wants to discover why the steam plant has remained dormant for a decade.

Forex investment scandal: Senior DCI officers accused of sabotage
Maureen Kinyanjui  |  Aug 15, 2024

What began as a promising financial opportunity soon spiralled into a disaster, leading to significant losses and a personal crisis.

DRC now Kenya’s top investor from EAC - report
Alfred Onyango  |  Jul 17, 2024

It surpassed the foreign direct investments and other portfolio investments from Uganda, the immediate former leader who held Sh15.4 billion in the pe...

Kenya's foreign direct investment falls despite digitisation measures
Vincent Ombati  |  Jun 26, 2024

Though the country witnessed a 65 per cent per cent flow increase, the FDI inflow declined from $1.59 billion (205 billion shillings) in 2022 to $1.5...

Government seeks proposals from Industrial Parks developers
Barack Oduor  |  Jun 06, 2024

Miano observed that despite the government disbursing money last month some counties were still below five per cent as far as construction is concerne...

Alarm as millions of Kenyan workers risk old age poverty
Francis Ayieko  |  Jun 02, 2024

The Retirement Benefits Authority says seven out of 10 Kenyans in the labour market are likely to live in poverty after retirement.

Ruto US visit: A new era of diplomacy?
DW News  |  May 25, 2024

While it seeks to maintain strong ties with the US, Kenya also engages with China and Russia, particularly with regard to business.

MPs now want foreigners to get permits before investing in Kenya
Hanifa Adan  |  Mar 19, 2024

The suggested revision aims to make it obligatory for foreign investors to apply for an investment certificate, ensuring adherence to the requirements...

Ekeza Sacco probe: Bishop Gakuyo granted Sh1m cash bail or Sh20m bond
Joseph Ndunda  |  Feb 26, 2024

David Kariuki Ngari alias Bishop Gakuyo denied charges of conspiring with others to defraud Ekeza Sacco members of Sh1 billion.

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