KRA takes Mombasa directors to court over tax fraud
Two directors from companies based in Mombasa have been charged in court with taxation fraud. Hussein Omar and Suleiman Chengu are facing v…
Business
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Ruto’s Buddies Henry Rotich and Dr Kamau Thugge Paid Themselves Sh4 Million Each For Cooking The 2019 Budget
Ruto’s gang that is dubbed the DUMMY DAMS, fired Cabinet Secretary Henry Rotich and Dr Kamau paid themselves Sh3.7 million each as allowanc…
Equity Bank acquires a 66% stake in DRC bank valued at Sh10bn
Equity Group Holdings is in a share purchase agreement with a Belgian entrepreneur George Arthur Forrest, the owner of the Forrest Group, i…
Senegal’s National Carrier Set To Buy 8 Airbus A220s For $730 Million
Air Senegal is set to buy eight Airbus A220-300 planes for $730 million. However, the memorandum of understanding is subject to a final con…
Microsoft Founder Bill Gates Declared The World’s Richest Person Again
Microsoft co-founder Bill Gates on Friday reclaimed his world’s richest person title from his Amazon counterpart Jeff Bezos, who has held t…
UK-Based CDC Group That Lost Sh14Billion In ARM Gets New Management
When ARM cement plant was auctioned by PwC, the UK investment fund CDC Group, lost Sh14 Billion they had invested in the cement maker, has …
Why Airtel-Telkom merger is a mega scam cooking
Early in the year Airtel and Telkom signed a deal that should see the two telecommunication companies merge their operations. The deal will…
EABL Appoints Martin Oduor-Otieno As The Board Chairman
East Africa Breweries Limited (EABL) has announced the appointment of Martin Oduor-Otieno as the new Board chairman. “Mr.
KALPA Vilify KQ For Hiring 20 Foreign Pilots
In a media briefing today, the Kenya Airline Pilots Association (KALPA) decried the move by the national carrier to hire 20 foreign pilots.…
India Takes Over Fake Chinese Phones Dominated Kenyan Market
Global technology giant and the fifth-largest smartphone maker in the world and the second in Asia Indian firm VIVO plans to launch a regio…
Maraga Wins As Treasury Fully Restores Funds To The Judiciary
The National Treasury on Thursday restored funding to Judiciary’s budget for the 2019/2020 financial year. Anne Amadi, the Chief Registrar …
KRA Losses The Case Of 20 Percent Tax On Gross Betting Stakes
Sportpesa and Betin have emerged winners in the appeal against KRA tax laws after a tribunal ruled yeaterday that a punter’s stake in a bet…
Receiver Manager Fires All Mumias Sugar Company Staff
The KCB Group has terminated all Mumias Sugar Company employee contracts backdating the implementation of the layoffs to September 20.
Senate Votes To Raise Public Debt To Sh9 Trillion
Yeaterday two Senate committees voted to recommend that Kenya’s debt ceiling be increased to Sh9 trillion after adopting a proposal by the …
Safaricom announces Sh35 billion profit
Safaricom PLC has recorded a net profit of Sh 35.6 billion for the past six months, this a 14.4 % increase in growth which is attributed to…
Space Lounge Closed Permanently
Kilimani based Space Lounge club has announced permanent closure and dismissed workers from November 1, 2019.
World Bank projects Kenya’s Economy to pace up in 2020
The World Bank is expecting Kenya’s economy to expand to 6.0% growth from this years 5.8%. The projection is attributed to the favourable w…
Wilson Airport Is Running On Runway Potholes
Kenya Civil Aviation Authority has now found an excuse on the frequent crashes reported at the former Kenya’s busiest airport. Recently Sil…
Why Major investors are shifting their businesses from Mombasa
Mombasa based billionaire Mohamed Jaffer is moving some of his cargo off-loading operations closer to Nairobi. The move is putting more job…
US-Based TPG Capital Wants To Break The Kenyatta’s Monopoly In Milk
Competition Authority of Kenya (CAK) has approved TPG Capital’s subsidiary Pledge Holdco Ltd take part in running the business that distrib…
Rwanda Rolls Out Electric VWs
Volkswagen, in partnership with Siemens, have today unveiled an electric Volkswagen Golf dubbed e-Golf.
Court Allows NEMA To Shutdown B-Club, Jiweke, Kiza and Space Lounge
Nairobi County and Nema have been ordered by Environment and Labour Court to revoke permits issued to four entertainment joints in Nairobi’…
More than 4000 Traders To Be Moved Into The New Ksh800 Million Wakulima Market In Eastlands, Nairobi
More than 4, 000 traders in Nairobi are set to benefit from the newly constructed New Wakulima Market which is 99 percent complete.
All you need to know about newly appointed Safaricom CEO Peter Ndegwa
On 24th October 2019, Peter Ndegwa was appointed as the company’s Chief Executive Officer effective April 1, 2020. He joins Safaricom from …
New Safaricom CEO Peter Ndegwa’s receives heartfelt message from wife after his new appointment
Newly appointed Safaricom CEO Peter Ndegwa has received a heartfelt message from her wife Jemimah Ndegwa following announcement of his new …
KenGen wins 5.8billion drilling contract in Ethiopia
Kenya Electricity Generating Company (KenGen) has a won a deal worth sh 5.8 billion to drill wells in Ethiopia The deal between KenGen and …
Shame As Newly Commissioned Mai Mahiu SGR Station Shut Down
The recently commissioned Mai Mahiu Standard Gauge Railway station has been shut down as roads leading to it have been rendered impassable.…
French Firm Total Oil Sued Over Illegal Drilling In Uganda
French energy giant Total has been sued by 6 NGO’s over an illegal oil field project in Uganda. According to the NGO, Total Oil have failed…
EADB Files To Auction Jubilee SG Raphael Tuju’s Dari Restaurant Over Sh1.4Billion Debt
The East African Development Bank (EADB) has filed the case before a London court seeking to auction Jubilee SG Raphael Tuju’s Karen-based …
Safaricom users take advantage of system error, purchases non-expiry data bundles worth millions at absolutely no cost
3 AM Kenyan time massive looting of Safaricom data bundles went down just hours after the giant telecommunication company headed by Michael…