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Radio Generation Kenya

Business

Sugar workers issue strike notice over Sh10.8 billion unpaid dues
Business

Sugar workers issue strike notice over Sh10.8 billion unpaid dues

In 2025, the government leased the four state-owned mills to private investors as part of efforts to revive the sugar industry and attract fresh capital. The reform plan included a commitment to clear salary arrears and benefits for workers before and during the transition, but unions say these commitments have not been fully honoured.

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Kenya Power technicians at work. PHOTO/Business Today Kenya
Business

Treasury and Epra hold key to lower power bills after Kenya Power IPP talks

Kenya Power has already completed talks with several Independent Power Producers to review Power Purchase Agreements that have long been blamed for driving up electricity prices. The new terms, which aim to cut tariffs and convert contracts from foreign currency to Kenya Shillings, were finalised during the financial year ending June 2025 and submitted to Treasury and Epra for review, according to the Auditor-General.

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Central Bank of Kenya Governor Kamau Thugge.PHOTO/Nairobi Law Monthly
Business

CBK says Safaricom stake sale will not threaten financial stability

CBK Governor Kamau Thugge told the National Assembly’s joint committee on Finance and National Planning and Public Debt and Privatisation that the sale of a 15 percent government stake to South Africa’s Vodacom Group is unlikely to affect M-Pesa, the mobile money service holding more than Sh250 billion in customer funds.

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