James Oundo

Car sellers to reveal buyers’ source of income, identity to State

The National Treasury has started the push to have all car sellers in Kenya reveal the identity of buyers and their sources of income. This is the latest effort by the National Treasury to curb the flow of illicit...

Expressway closed from tonight until time Uhuru will officially open it

Motorists will not be able to use the Nairobi Expressway from 9pm tonight. Moja Expressway, the company that runs the highway has announced the closure of the highway. According to Moja, the closure comes after the end of the three...

Kenya Power set to lose monopoly

The national power provider, Kenya Power, is set to lose its monopoly in connecting and supplying electricity. According to proposals from the Ministry of Energy, the Rural Electrification and Renewable Energy Corporation (Rerec) will take over the role of distributing...

How Equity grew from 12,000 to 15 million customers

In December 2020, Equity Group crossed the Sh. 1 trillion valuation threshold. This was after it successfully acquired Banque Commerciale Du Congo (BCDC) in a move that set it on stage to compete for big-ticket financing deals on the...

CBK: Why Matiang’i is lying about shortage of Sh. 200, Sh. 100 notes

The Central Bank of Kenya has disputed claims that there is a shortage of Sh. 200 and Sh. 100 bank notes. This follows allegations that were made this week by the Cabinet Secretary for Interior Fred Matiang'i. Dr. Matiang'i claimed that...

John Ngumi replaces Michael Joseph as Safaricom board chairman

John Ngumi appointed as new the new Safaricom PLC Director and Chairman of the Board. Ngumi's appointment will take effect from August 1, 2022. The telecommunications firm has also announced that the company secretary Sitholizwe Mdlalose has resigned. Ngumi will replace former...

Court orders Gachagua to surrender Sh. 202 million made from corruption

The High Court has ruled that Mathira Member of Parliament Rigathi Gachagua acquired Sh. 202 million that is frozen at Rafiki Microfinance through corruption. Following this ruling, Justice Esther Maina has ordered that Gachagua surrenders the money to the State....

Kenya Power: Why many parts of Kenya lost power during Ruto debate

National power provider Kenya Power has come out to explain why many parts of the country suffered loss of power during the Ruto debate on Tuesday evening. According to the Kenya Power, the huge blackout that started at around 8.12pm...

Tracing birth and growth of Equity Group into Kenya’s largest bank

Equity Bank’s journey began in 1984. At the time, Equity Group was known as Equity Building Society. 38 years later, what started as a small society has grown to become the largest bank in East and Central Africa with...

Qatar fund buys Nairobi’s Crowne Plaza Hotel for Sh. 4.6 billion

Nairobi's Crowne Plaza Hotel has been sold to a Qatar fund for Sh. 4.6 billion. The hotel belonging to businessman Nazir Ahmed Akbarali has been bought by Kasada Hospitality Fund, which is a fund that is backed by the Qatar...

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BlockCoop SACCO launches Kenya’s first blockchain-powered SACCO

BlockCoop SACCO, has today launched Kenya’s first blockchain-powered SACCO, marking a historic milestone in the evolution of cooperative finance...