Coris Bank purchases Standard Chartered’s Côte d’Ivoire branch
Standard Chartered Bank has announced the sale of its consumer and banking business in Côte d'Ivoire to Coris Bank...
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KRA introduces bulk invoice system for large transactions
The Kenya Revenue Authority (KRA) has recently implemented a significant upgrade to its bulk invoice system, specifically designed to...
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Audit report: Government subsidies for maize and fertilizer were ineffective
Government subsidies aimed at lowering costs of maize flour and fertilizer to boost food security have fallen short of their...
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Treasury under fire for KES 16.3 billion loan to Kenya Airways without recovery plan
Kenya's auditor general, Nancy Gathungu, disclosed in a report made public on Tuesday that the government allocated KES 16.3 billion...
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Treasury spent KES 12.5 billion on dubious share acquisitions, audit reveals
The Kenyan government might have misused over KES 12.5 billion in public funds to acquire shares in three organizations without...
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Economic crossroads: Examining Kenya’s unexpected interest rate surge
The Monetary Policy Committee (MPC) recently implemented an unanticipated 2.0% increase in the Central Bank Rate (CBR), elevating it...
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Top KBC official fired over unauthorized $5 billion intended payout
The Cabinet Secretary for Information, Communications and Technology, Eliud Owalo, has terminated the appointment of Samuel Maina as acting managing...
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CAK imposes KES1.1 billion fine on carrefour
The Competition Authority of Kenya (CAK) has penalized Carrefour supermarket with a KES 1.1 billion fine over allegations of abuse...
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Senator Omtatah sent away by police for claiming Ruto threatened him
Busia Senator Okiya Omtatah has been sent away by police officers of the Nyanchwa police station in Kisii County after...
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Mastermind Tobacco lays off over 1,000 employees amid administration
Mastermind Tobacco has notified over 1,000 employees that their employment contracts have been automatically terminated after the company was placed...
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