The push by Kenya Power to reveal the beneficial owners of all suppliers paid more than Sh1 million per month or Sh12 million per annum will go a long way in fighting graft at the utility firm.
Kenya Power has served as the symbol of gross mismanagement among State-owned firm…
Civil servant fights EACC over Sh500m in 22 bank accounts
A senior official at a public roads agency has defended the source of half a billion shillings in 22 bank accounts, saying his wealth is not built from kickbacks and bribes from road contractors.
Benson Musila Muteti maintains he accumulated his wealth from running businesses including bar…
Months of trade wars slash imports from Uganda 34pc
SUMMARY
The value of imports from Uganda dropped 34 percent in eight months to August as trade wars between the two countries took a toll on the flow of goods.
Trade data from Central Bank indicates that the imports from Kenya’s landlocked neighbour dropped from a record high of Sh3.2 bi…
No insurance cover for 122 Kenya Power substations
SUMMARY
The National Assembly’s Energy committee heard that the electricity distributor has been operating without insurance cover since August 31, 2021.
The Kenya Power lacks insurance cover in the event of fire that results in loss of property, damage to substations and injury or death…
Judge stops development on Sh3 billion Runda land
The High Court has stopped retired banker Francis Nganga and Kiambu Mall owner Peter Burugu from developing a 16.7-acre piece of land in Runda that collapsed lender Rural-Urban Credit is seeking to recover over unpaid loans.
Justice Alfred Mabeya last week ruled that nobody should interfer…
Court dismisses trader’s Sh407m suit against KDF
The Court of Appeal has dismissed a case by a Garissa trader who sought Sh407 million from the government, claiming that Kenya Defence Forces (KDF) soldiers burnt down his premises over a decade ago.
A bench three judges agreed with the High Court decision that Garissa Maize Millers had fa…
Absa loses Supreme Court push in credit card royalties tax duel
Absa Bank has lost a bid to challenge a decision of the Court of Appeal allowing the Kenya Revenue Authority (KRA) to collect a share of billions of shillings paid to multinational credit card firms such as Visa and MasterCard as royalties.
Last year, the lender lost an appeal after a benc…
Kebs recalls paint brands containing harmful lead
The government has recalled paint brands which contain lead that can cause serious health problems in children.
The Kenya Bureau of Standards (Kebs) told Parliament that the non-compliant paints have been recalled from the market and seized for destruction at the owners’ cost…
Mutua, ex-lover entangled in bitter property fallout
The fight between Machakos Governor Dr Alfred Mutua and his estranged lover Lillian Ng’ang’a has taken a property angle with the former girlfriend accusing the Machakos county boss of transferring some shares in a company they jointly own.
In two separate petitions filed before a Milimani …
MKU opens Sh600m convention centre in memory of Kibaki
Mount Kenya University Thursday unveiled a Sh600 million convention centre in Thika, Kiambu where the privately owned institution is seeking to tap into the growing demand for meetings, conferences and townhall meeting venues.
The facility, which can accomodate up to 2,000 has been named M…