@BusinessDaily

EDITORIAL: Stop paying lip service to austerity measures

14 days ago, 14:51

By: Editorial

Reports that the ICT ministry spent Sh104 million to buy fuel guzzlers against government policy and beyond their approved budget makes a mockery of the current austerity measures in State agencies. There is little doubt that the country is in dire fiscal shape and has generally been so for a few years now. The current situation ordinarily calls for austerity, which is what the government has been implementing, at least on paper. But it seems for most politicians and bureaucrats—starting from th ...
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@BusinessDaily

EDITORIAL: Stop paying lip service to austerity measures

14 days ago, 14:51

By: Editorial
Reports that the ICT ministry spent Sh104 million to buy fuel guzzlers against government policy and beyond their approved budget makes a mockery of the current austerity measures in State agencies. There is little doubt that the country is in dire fiscal shape and has generally been so for a few years now. The current situation ordinarily calls for austerity, which is what the government has been implementing, at least on paper. But it seems for most politicians and bureaucrats—starting from th ...
Read More

Category: business news corporate economy opinion markets lifestyle

Suggested

16 hours ago, 11:46
@BusinessDaily - By: Kiplagat Edwin
Ethiopian Airlines acquires 45pc stake in Zambia Airways

Zambia set to revival national carrier after more than two decades. ...

Category: business news corporate lifestyle economy opinion markets
14 hours ago, 13:09
@TheEastAfrican - By: Business Daily
Safaricom hits $11.7bn value in New Year rally

The company’s stock has risen 10 per cent in the first two weeks of the year. ...

Category: business topnews news
4 hours ago, 23:05
@StandardMedia - By: Macharia Kamau
8 firms in waiting to clinch oil pipeline tender

Prequalification of companies for design work sets the stage for construction scheduled for next year. ...

Category: business news
4 hours ago, 23:05
@StandardMedia - By: Dalton Nyabundi
Former employees of struggling retailer Nakumatt to open new Supermarket

The outlet, which is undergoing final preparations for the launch, will employ 20 former stewards and cashiers. ...

Category: business news
4 hours ago, 23:05
@StandardMedia - By: Dominic Omondi
New IMF credit facility will only worsen things, warns expert

IMF is expected to make a review on whether to extend the two-year standby facilities for Kenya worth about $1.5 billion ...

Category: business news
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