President Uhuru Kenyatta has responded to the revelations of the hidden wealth of billionaires and heads of governments in a report published by the International Consortium of Investigative Journalism (ICIJ).
In a statement released Monday afternoon by the President’s spokes…
Court rejects Anglo Leasing papers
A Nairobi court Monday struck out several documents obtained from Switzerland for use in the ongoing trial of suspects linked to the Anglo Leasing scandal.
Chief magistrate Felix Kombo struck out the documents obtained more than a decade ago, saying they were not properly preserved before …
KCB targeted in Sh2bn cyber criminals heist
KCB Group stopped a Sh2 billion attempted fraud on its banking system last year, underscoring the increase in brazen online attacks during the Covid-19 pandemic.
The bank Thursday made public the attempted fraud without giving details on whether the attack was from foreign hackers or local…
Wy cooking gas will cost more
A persistent surge in the global prices of cooking gas points to more inflationary pain for Kenyan households already grappling with higher bills for other fuels such as petrol.
The prices of butane and propane—the by-products of crude oil used in the manufacture of Liquefied Petroleum Gas…
Auctioneers find ex-Nakumatt CEO’s Nairobi villa buyer
Auctioneers have found a buyer for a high-end home repossessed from former chief executive officer of the fallen retail giant Nakumatt, Atul Shah over a Sh2 billion debt.
The KCB Group , through Phillips International Auctioneers, said an interested individual had sealed a de…
Kwale miner to pay Treasury Sh2bn royalties in fresh deal
Base Titanium, the company extracting titanium minerals in Kwale County, will pay the government $18.6 million (Sh2 billion) in the form of higher royalties in exchange for an expanded mining area.
The parties reached an agreement Thursday, giving the company the right to extend its mining ope…
Kenya, Uganda third border post to boost trade
Kenya and Uganda have endorsed the establishment of the third point of entry and exit at their common land boundary to boost cross-border trade.
The neighbouring countries’ major crossings are Busia and Malaba borders along the Northern Corridor that links the Mombasa port in…
Comesa watchdog to review Safaricom Ethiopia entry deal
The Common Market for Eastern and Southern Africa (Comesa) Competition Commission has launched a formal inquiry into the joint venture between Safaricom and its parent firm Vodafone for Ethiopia entry.
The regional trading bloc’s competition watchdog said it’s investigation w…
Chebukati team seeks Sh3bn budget allocation ahead of 2022 poll
The electoral agency now wants Parliament to allocate Sh13 billion in the supplementary budget to meet the shortfall needed to conduct the August 2022 General Election.
The new funding deficit is higher than the Sh7.07 billion that the Independent Electoral and Boundaries Commission (IEBC)…
Mllions to miss Uhuru’s 33pc cut on electricity bills
More than half of Kenya Power’s domestic customers are set to miss out on President Uhuru Kenyatta’s Christmas gift of lower electricity prices.
The President issued a directive on Wednesday requiring the Ministry of Energy to reduce power tariffs by 33 percent to an average of Sh16 per ki…