Ukraine restores internet link between occupied nuclear plant and IAEA, says Energoatom

Ukraine’s state nuclear firm Energoatom said on Saturday it had helped restore an internet connection between the International Atomic Energy Agency and the servers of Ukraine’s Zaporizhzhia nuclear power plant, which is occupied by Russian forces. In a statement, Energoatom said the connection to the plant’s servers was lost on May 30 but had been … Read more

Uhuru successor faces Sh26bn fuel subsidy cut

Economy Uhuru successor faces Sh26bn fuel subsidy cut Tuesday June 07 2022 An attendant at a fuel station in Nairobi. PHOTO PHOTO | NMG Fuel subsidy has been slashed by 84 percent or by Sh26.7 billion for the year starting next month, pointing to costly petrol and a political headache for the next government. Budget … Read more

Why Kenya is backing fresh UN agency calls for debt service relief

Data Hub Why Kenya is backing fresh UN agency calls for debt service relief Friday June 03 2022 Foreign Affairs PS Macharia Kamau. PHOTO PHOTO | NMG Kenya has welcomed a renewed push by African ministers of finance backed by the UN Economic Commission for Africa (UNECA) for rich countries to extend debt service relief … Read more

Turkey may emerge as the gateway for Black Sea region agri exports

Turkey may emerge as the gateway of agricultural exports, mainly wheat, held up in the Black Sea region as Russian President Vladimir Putin has “in principle” agreed to allow the Recep Tayyip Erdogan government to move shipments from the Odesa Sea Port, taken over the Kremlin in the Ukraine war. Putin agreed to allow Turkey … Read more

Why RBI must front-load the forthcoming rate hikes

The latest provisional estimates of GDP growth for FY22, of 8.7 per cent, has sent out multiple signals. Slightly lower than the earlier estimate of 8.9 per cent, the latest figure is evidence of the pressures which the economy felt on account of the third wave of the pandemic, and the Russia-Ukraine conflict in the … Read more

Yatani suffers blow in higher beer taxes plan

Economy Yatani suffers blow in higher beer taxes plan Wednesday May 25 2022 Treasury Cabinet Secretary Ukur Yatani during a past briefing in Nairobi. PHOTO | DIANA NGILA | NMG By CONSTANT MUNDAMore by this Author Summary The Finance and Planning Committee of the National Assembly has recommended that the proposed excise duty on fruit … Read more