Summary Of The Business Daily Newspaper
Page 1: Reports outline new draft regulations requiring Kenya Power to compensate consumers up to Sh550,559.85 for extended blackouts, erratic supply, and delays in restoring power after maintenance.
Page 2: Reports state that industrialist Narendra Raval has applied for an iron ore prospecting license in Taita Taveta County to produce primary steel, with a 20-day window for public objections.
Page 4: Reports indicate the Treasury has instructed agencies and counties to resume using the Ifmis system for payments and procurement after a High Court freeze on its intended replacement, the e-GP system.
Page 5: Reports that Parliament has ordered a special audit into the Judiciary’s Sh5.3 billion mortgage fund for operating without enabling legislation for 12 years.
Page 7: Reports that billionaire Narendra Raval has applied for an iron ore prospecting license in Taita Taveta County to produce primary steel, with a 20-day public objection period now open.
Page 6: Reports that KCB Bank has defended its lawful auction of a businessman’s property, dismissing his contempt of court claims as unsubstantiated due to a lack of a restraining order.
Page 10: Reports argue that modern business leaders must embed sustainability into their operations departments to drive environmental benefits, cost savings, and improved brand reputation.
Page 14: Reports that African leaders are aiming to secure $50 billion annually for a new continental climate initiative to fund solutions, despite the US withdrawal from the Paris Agreement.
Page 24: Reports that African leaders are meeting at the Africa Climate Summit 2.0 to advance the African Green Industrialisation Initiative and the Accelerated Partnership for Renewables in Africa as key accelerators for the continent’s industrial transformation.