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...
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...
Under the offer, the Government is selling 11.81 billion shares at Sh9 per share, targeting to raise about Sh106.3 billion.
National Bank of Kenya (NBK) has sold the Nairobi Upper Hill Hotel in a move to recover a debt of Sh447 million owed by businessman Geoffrey...
The demolition notice, signed by Kenya Railways Managing Director Philip Mainga, warns that any structures remaining after the deadline will be brought down at the owners’...
The Afropop star’s transformation from music icon to gambling mogul faces mounting scrutiny as his Danish partner’s expansion strategy collapses across the continent
The controversy comes at a particularly sensitive time for Watanga, whose tenure as KRA boss has been marked by multiple confrontations with Parliament and allegations of...
