According to the investigation, Safaricom allegedly allowed security agencies “routine access to consumer data (including but not limited to call data records and other location data)...
NCBA Bank has been particularly vulnerable to such incidents, with previous cases involving mobile banking fraud schemes totaling hundreds of millions of shillings.
How one man built a business empire through patience, perseverance, and honest work While many Kenyan businesspeople have taken shortcuts to wealth, the story of JJ...
Money laundering and illicit financial flows have long been blamed for eroding public trust, fuelling corruption, and facilitating organized crime in the country.
Businesses and individuals are set to lose hundreds of imported goods at the Jomo Kenyatta International Airport (JKIA) warehouse following the collection lag. This comes against...
The Ethics and Anti-Corruption Commission has faced calls to investigate the transaction’s funding sources, though no formal probe has been announced.
Mobile money services have transformed the way financial transactions are done in Kenya. Since last year, more than 87% of adults in Kenya are now using...
Of the first 48 recipients of Growth Shares, only seven were of African descent.
The safety rejection adds to growing controversies surrounding Lake Gas’s Kenyan operations.
Investment bank faces perfect storm of debt crisis, partnership disputes, and mass investor exodus Genghis Capital, once a rising star in Kenya’s investment banking sector, has...
Kenya faces enhanced due diligence requirements for EU financial transactions as commission cites persistent deficiencies in anti-money laundering framework The European Commission has escalated pressure on...
Lender faces double blow as Court of Appeal upholds damages award while midnight fraud cases surge among millennials Stanbic Bank Kenya is grappling with a costly...
As part of its enforcement strategy, KRA has introduced a “VAT Special Table” - a digital platform that publicly lists entities flagged for non-compliance.
Kenya’s dream of becoming an oil-producing country is finally gaining real momentum. After years of delays, setbacks, and uncertainty, Energy Cabinet Secretary Opiyo Wandayi has confirmed...
The company had been under administration since September 2023 when directors issued an insolvency notice, acknowledging that Redhouse had encountered financial difficulties that were “essentially affecting...
The fund also spent Ksh.12 billion purchasing government securities with a premium of Ksh.500.7 million without satisfactory explanation, raising questions about the investment strategy under Koross’s...
High Court ruling deals blow to software firm’s attempt to dodge VAT on outsourced developer services A Kenyan software development company has been dealt a devastating...
