Category: Sh2bn
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Vivo Energy half-year sales drop by Sh2bn amid record fuel prices
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Vivo Energy’s revenue in the Kenyan market fell by $16 million (Sh2.06 billion) in the first half of 2024, as record high fuel prices hit demand. The multinational said its Kenyan unit generated revenue of $769 million (Sh99.16 billion) during the six months, compared to $785 million (Sh101.22 billion) a…
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Okoth Obado off the hook, strikes deal with EACC in Sh2bn graft case
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Former Migori governor Okoth Obado and the anti-graft body have reached a compromise in a deal that will see him confiscate two high-end cars, a house in Loricho and other properties worth Sh235 million. In an approval recorded before Supreme Court Justice Esther Maina, the Ethics and Anti-Corruption Commission dropped…
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Nairobi Water eyes Sh2bn for pension debt
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The Nairobi City Water and Sewerage Company (NCWSC) has been given the green light by the Nairobi County Government to avail a Sh2.17 billion long-term business loan to settle outstanding pension debts and avoid mounting penalties. NCWSC, a wholly-owned subsidiary of the Nairobi County Government, owes money to the Local…