The photograph in Wednesday’s Business Daily told its own story. There stood Capital Markets Authority Director Daniel Warutere and Nairobi Securities Exchange CEO Frank Mwiti, flanking I&M Group Executive Director Sarit Shah as they rang the bell for the listing of the bank’s Medium Term Note. Regulators and the family executive, smiling for the camera […]
It is done. On June 30, 2026, the last working day of a month in which courts, petitioners, and a watching public fought to slow the clock, South Africa’s Vodacom Group completed the purchase of a 15 percent stake in Safaricom Plc, executing the largest single transaction in the history of the Nairobi Securities Exchange. […]
It is done. On June 30, 2026, the last working day of a month in which courts, petitioners, and a watching public fought to slow the clock, South Africa’s Vodacom Group completed the purchase of a 15 percent stake in Safaricom Plc, executing the largest single transaction in the history of the Nairobi Securities Exchange. […]
Beneath the polished marketing renders and five-star branding language now circulating for “Diani Beach Residences by CityBlue,” a far less glamorous paper trail tells the real story. It is a beachfront mega-project that appears to have entered Kenya’s regulatory system carrying one set of numbers while being sold to the international investment market under another, […]
In the antiseptic corridors of Absa Bank Kenya’s headquarters, the end came without ceremony. On or around June 28, 2026, Abdi Mohamed, the veteran Managing Director and CEO who had spent more than three decades rising through the Barclays-to-Absa ranks from a Garissa branch teller to the corner office, placed the call to Johannesburg. The […]
An investigation into the decade-long governance paralysis, the CEO carousel, the humiliating rights issue failure, the Mansa-X rescue, and the staggering ex-gratia payments that were the financial lubricant needed to finally move Kenya’s most founder-captured bank from private legacy to public liability. The listing on June 23, 2026 was not a triumph of vision. It was the completion of a transaction. And new shareholders are the ones who bought it.
A federal lawsuit from a JFK-based aviation parts distributor is the latest and most public symptom of a national carrier that has accumulated Sh206.8 billion in losses, carries Sh131.4 billion in concessional government debt it cannot service, operates aircraft its own auditors flag under going-concern uncertainty, and has now run out of suppliers willing to wait. This is the story Kenya Airways does not want published.
Kenya has officially launched a Sh154.2 billion plan to transform Jomo Kenyatta International Airport (JKIA), setting the stage for one of the country’s biggest aviation infrastructure projects aimed at easing congestion and cementing Nairobi’s position as a leading gateway into Africa. The government on Tuesday signed the contract for the ambitious modernisation project, which will […]
The High Court has cleared Equity Bank to auction at least sixty-five properties across Nairobi and Mombasa after the four companies that borrowed Sh1.37 billion in 2021 failed to halt enforcement. Njuca Consolidated Company Limited, Wakuga Holdings Limited, Cochem Services Limited and Paric Hardware Products Limited lost their bid to stop the sale, with the […]
How the entrapment of a blogger in 2020 buried explosive money laundering allegations against Victoria Commercial Bank CEO Dr. Yogesh Pattni allegations that resurfaced with even greater force in 2023 when the DCI arrested him over the Mumias Sugar fraud and how both investigations were made to disappear. The story behind the silence, the method behind the impunity, and the questions that refuse to die.
A self-described ‘spirited Kenyan’ has done what corporate lawyers, a construction firm, and a decade-old distributor could not: she has frozen the most contested corporate transaction in East African history just weeks before Diageo expected to bank $2.3 billion and walk off the continent for good.
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