A consumer federation has written to Kenya’s banking regulator demanding a forensic investigation into a lender that vaulted from Tier 3 obscurity to Tier 2 status in under two years, accumulating tens of billions in public sector deposits from state agencies, county governments, and parastatals in a transformation analysts say defies normal commercial logic.
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 same investment circle as Sidian’s major shareholders.
The transaction, completed through his investment firm Kenbe Investments, involved purchasing half of Bakki Holdings Company from Centum Investments.
In a bombshell interview on KTN News this Monday, former Deputy President Rigathi Gachagua threw a Molotov cocktail into the heart of Kenya’s already embattled financial and political landscape. Without naming names—or banks—he hinted heavily at a shadowy scheme involving a senior official in President William Ruto’s administration, a recently acquired local bank, and the […]
Diana Waithira Ndung’u, now homeless, tearfully recounted her ordeal before Milimani Senior Resident Magistrate Geoffrey Onsarigo, pleading for the court’s intervention to help her recover the home she has lived in since 2009.
