Bithumb said it mistakenly distributed over $40 bn worth of bitcoin in a promotion, briefly triggering a sharp selloff.
The judge went further, slapping the couple with a Sh10 million damages award for trespass, taking into account the property’s premium location, its three-acre size
It is the kind of money that would be pocket change for a man of Ngugi’s stature, yet here we are.
Fraudulent real estate schemes targeting Kenyans abroad have escalated into a multi-billion shilling nightmare, with desperate victims left holding nothing but forged documents and broken promises
Audit uncovered that Del Monte was using a cost-plus pricing model that grossly undervalued its Kenyan operations while funneling inflated profits to related companies abroad, particularly...
The decision comes at a time when President William Ruto’s administration has intensified its crackdown on tax evasion to boost revenue collection without imposing new taxes...
Foreign companies, extract value from African environmental resources while exposing host nations to massive financial and reputational risks. When the schemes fail, the companies retreat to...
If a lawyer in Nairobi can crack open a packet of that milk, pour it into a glass, and watch white sediment collect in a sieve,...
Once the shares change hands, the government’s ability to influence the strategic direction of a company that touches virtually every corner of the Kenyan economy will...
At the centre of the scandal is the stalled acquisition of Petronas’ stakes in South Sudan’s oil blocks, a deal originally sanctioned by President Salva Kiir...
National Assembly Majority Leader Kimani Ichung’wah and Thika Town MP Alice Ng’ang’a, both key Ruto allies, bought shares in HF Group, which is part of the...
At the heart of the crisis lies the New Mega Africa case, a legal battle that has mushroomed into a Sh1.5 billion nightmare for the bank.
In September 2025, RUPHA issued a directive to over 700 member facilities to suspend SHA services and revert to out-of-pocket payments, describing the authority as “a...
Management delivered the crushing news to staff members on Friday afternoon, telling them not to report to work on Monday.
From handling strategic national infrastructure, the firm is now fighting to stay out of civil jail, accused of asset concealment and staring down the prospect of...
For Safaricom, the dispute threatens to tarnish its regional expansion strategy and raises uncomfortable questions about due diligence before entering one of Africa’s most challenging operating...
The suspension runs until May 1, giving KRA nearly four months to cross-check declared nil returns against a growing arsenal of digital records.
From humble trader to billionaire developer, Hassan’s meteoric rise now shadowed by allegations linking him to international fraud, import cartels and questionable procurement deals
The company’s subsequent expansion into Kenya, barely six months later, has prompted questions about whether adequate due diligence was conducted by Kenyan regulators.
A casual WhatsApp chat can bind a business deal. So, can an SMS. That is the clear warning from the High Court, which has ruled that...
