Sh16bn

Motorists overpay Sh16bn in fuel deal with Gulf firms

Motorists have been overcharged by an estimated Sh16.4 billion or Sh2.70 per litre of fuel since Kenya opted for government-to-government oil supply contracts with three Gulf-based companies, boosting the profits of three local companies…

Treasury lends Kenya Airways Sh16bn without a repayment plan

Investor Empires

Economy Treasury lends Kenya Airways Sh16bn without a repayment plan Thursday December 21 2023 Kenya Airways planes at the Jomo Kenyatta International Airport. FILE PHOTO | NMG The Treasury funded Kenya Airways (KQ) to the tune…

Wage bill bursts budget by Sh16bn on President Ruto key hirings

Investor Empires

Economy The wage bill blows the budget by $16 billion on President Ruto's key appointments Friday, May 19, 2023 President William Ruto, Vice President Regati Gachagwa and Chief Cabinet Secretary Musalia Mudavadi take a group…