Corporate accountability questioned as Mkondo wa Afrika Ltd distances itself from agent’s alleged misappropriation of KRA remittances A Nairobi-based company finds itself at the center of...
The Kenya Revenue Authority (KRA) has announced it collected Ksh 2.571 trillion in taxes from Kenyans in the 2024/2025 financial year. Despite the economic challenges in...
Nairobi’s debt service payments to Beijing drop 15.3% as stable shilling and falling global rates provide fiscal relief Kenya achieved a rare financial reprieve in its...
ELDORET, Kenya – What was supposed to be a routine day turned into a nightmare for Eldoret-based media personality Engineer Kipchirchir Mosonik when his six-month-old Tecno...
Most of these transactions are tied to foreign currency repatriation and supporting the liquidity needs of subsidiaries abroad.
Kenya serves as a major hub for expatriate workers due to its concentration of regional and international organizations.
The city contributes 27.5 percent of Kenya’s Sh16.2 trillion GDP, with a per capita GCP of Sh802,344 nearly three times the national average of Sh293,229.
The audit, conducted between March 17 and 21, unearthed not just financial irregularities but deeper structural rot.
A Kenyan High Court has frozen the bank account of Afriswiss Commodities Ltd following allegations of gold fraud involving a Dubai-based trading company, highlighting Kenya’s growing...
Lebanese Construction Firm’s Leadership Threatened With Imprisonment as Legal Battles Mount NAIROBI, Kenya – The directors of Lebanese construction giant Zakhem International Construction Limited are facing...
“Kenya Railways prioritises the safety of our passengers. We apologise for any inconvenience caused.”
Kenya Electricity Generating Company (KenGen) Acting General Manager for Supply Chain Vincent Mamboleo finds himself at the center of a procurement storm after endorsing a controversial...
NAIROBI, Kenya July 5 – The Board of Management of the Kenya Hospital Association, which runs The Nairobi Hospital, has announced a change in leadership, confirming...
A new remittance tax threatens to upend the financial lifeline that over 100,000 Kenyans in America provide to their families back home NAIROBI, Kenya – In...
Competition Authority launches probe into claims of market dominance abuse by global shipping giants The Competition Authority of Kenya (CAK) has launched a comprehensive investigation into...
Safaricom has outlined specific steps customers can take to increase their Fuliza loan limits amid growing frustration from M-PESA users experiencing stagnant borrowing capacities for extended...
Industry analyst Fauz Khalid, warned that the Supreme Court’s decision would have serious economic consequences for Kenyan consumers.
The government had argued that the second facility was necessary to end Jaffer’s monopoly and enhance food security through diversification.
While Zakhem received full payment from KPC, it only transferred Sh840 million to Azicon, leaving a balance of Sh537.3 million (approximately $4.16 million), which the Kenyan...
Nairobi businessman Chris Obure has secured a significant legal victory in a contentious property dispute over Senteu Plaza, a building he claims to have paid Ksh...
