The low-cost airline Fly540 that has fir time now been struggling to get its wings up in the air owing financial struggles has nosedived into problems...
The Capital Markets Authority (CMA) has launched an investigation on Mauritian-owned lender SBM Holdings over suspected fraudulent trade in treasury bonds. The inquiry will spotlight irregular...
A court in Pretoria, South Africa, has awarded a former Vodacom employee 5 per cent of revenues generated from returned calls prompted by the Please Call...
The African Development Bank Group (AfDB) has banned Kenya-based CP Power East Africa Limited and its part-owner Dawit Wondwossen from its projects after the company was...
Activist Okiyah Omtatah wants a private account currently being used to transact public funds closed. The account at Stanbic Bank is being operated by Intergovernmental Relations...
Bank of Baroda has refuted claims that it’s directors are engaged in fraudulent activities. This follows publications on local blogs that claimed that the directors A...
Last month, detectives from the Directorate of Criminal Investigations (DCI) camped at Mombasa-based Bandari Sacco, to question top officials of the institution over alleged claims of...
Oil marketers are outraged over what they termed illegal importation of 30,000 metric tonnes of petrol by a group of industry players. They said the cargo,...
Global Danish logistics conglomerate Maersk is on the spot following their monopoly in the operations of the Mombasa Port. The National Assembly’s Finance, Planning and Trade...
A Kenyan recruitment agency has sued the Ugandan government over the failure to renew his trading licence by demanding that it cede majority shareholding to Ugandans....
At least six banks are facing capital and liquidity strains that have forced them to seek the support of the Central Bank of Kenya (CBK) to...
Kenya Power and Kengen are embroiled in another dispute after the power distributor rejected a bill from its main power producer, saying it was an overcharge....
Dyer and Blair Investment Bank has come under the spotlight following accusations of wash-sale trading scheme. This a practice where the investor’s shares are sold without their...
Banks are pushing for changes to the law that will compel betting firms to report suspicious deposits and withdrawals from gaming accounts in the latest plan...
This is a story of an Equity Bank agent who was doing well for the bank at one point making huge profits for the firm. All...
Presidential candidate Reuben Kigame is unhappy following his long battle for transparency against Safaricom after losing money in a scandalous way. Below is his narration courtesy...
The sale of a contested property in Nairobi will proceed after high court issued the greenlight. High Court Judge Alfred Mabeya allowed Synergy Industrial Credit to...
The director of popular food joint Nyama Mama has beencharged with obtaining a Sh520 million loan using fraudulent security. Jayesh Shanghavi is the director of Good...
There should be no limitation in the number of times a teacher accesses medical care in approved medical facilities, insurance firm managing the scheme has affirmed....
Electricity generating company KenGen has defended its stock of idle assets which were highlighted in an audit of its books for the year ended June by...
