The High Court also rejected the tribunal’s central factual finding that Safaricom’s M-Pesa Super App and M-Pesa Business App were similar to the envisaged Popote Pay...
The dispute centres on loans totalling Sh1.2 billion advanced to two sister firms, Jabavu Village Ltd and Hasson Pharmaceuticals Ltd, which were secured using the Upper...
Back in Kenya, Safaricom built its near-monolithic empire, commanding 90.8 percent of the mobile money market as of the first quarter of 2025, through tactics now...
The app itself continues displaying account balances and accepting deposits, a detail that has fueled allegations that the platform may be operating a scam.
Kenya’s gold exports to Dubai jumped to 42.1 tonnes in 2025 from 13.8 in 2024, sparking concerns that the country is a transit hub for smuggled...
The bewildered businessman had no knowledge of the loan, had never agreed to guarantee it, and had not provided consent for his personal information to be...
The reassurance comes amid heightened public debate over the scale of the funding and how it will be managed in Kenya’s expanding health sector.
At the centre of the storm are what staff refer to as “quotas” which they claim have nothing to do with actual tax collection.
Jeune Afrique Media Group has posted its strongest financial performance in years, with annual consolidated revenue surpassing €30 million for the 2024 fiscal year, signalling that...
Cofek warns that Kalahari Cement, though locally incorporated, acts as a proxy for its Tanzanian parent, enabling what it calls regulatory circumvention and anti-competitive consolidation.
With millions of Kenyans receiving similar unsolicited loan offers daily, the potential liability for the industry could run into billions of shillings.
Competition Authority data shows microfinance complaints jumped 28 percent in 2025 compared to 2024, validating borrower grievances about predatory practices.
Platinum Credit Kenya has been ordered to compensate a Kenyan man Sh400,000 after the data regulator found the lender unlawfully used his personal information to push...
Court documents state that Safaricom is fully aware that many M-Pesa users, especially the unbanked, semi-literate and digitally inexperienced, remain extremely vulnerable.
The Mwananchi Credit case exposes the dark side of an industry that promises financial inclusion but too often delivers financial ruin.
With 49.9 million subscriptions and control of 62.8 percent of mobile broadband, the company faces minimal competitive pressure in most of its service areas.
The modification means Gulf Energy can recoup significantly more of its petroleum costs before profit-sharing with the state begins.
Investigators flagged a staggering Sh689 million in purchases allegedly made from suppliers who turned out to be missing traders.
A high-stakes battle between Kenya Electricity Transmission Company and a Spanish contractor has taken a dramatic turn after it emerged the foreign firm could not raise...
Two Rivers Special Economic Zone saw its losses more than double to a staggering Sh584.5 million from Sh288.04 million, casting a long shadow over Centum’s entire...
