James Oundo

NSE loses Sh. 294 billion in 30 days as foreign investors flee

The Nairobi Securities Exchange (NSE) has lost Sh. 294 billion in the last one month. This follows mass exit from the local bourse by foreign investors. This mass exit has seen the local market fall to a 20-month low. On...

Rigathi Gachagua and the multi-billion money laundering scandal

Rigathi Gachagua, the man Deputy President William Ruto has chosen as his running mate is no stranger to controversy. He has been arrested severally, and is alleged to have masterminded a multi-billion corruption scandal, which he alleges as witch...

Co-op Bank boosts South Sudan subsidiary with Sh. 371 million

The Co-operative Bank has injected Sh. 371 million into its South Sudan subsidiary. This has been announced through the bank's 2021 annual report. The report shows that the bank increased its capital in its South Sudan operations to Sh. 2.64 billion...

Sammy Boy Exposed: Dangerous criminal who hid behind gospel music

Sammy Boy! This is the Kikuyu gospel singer who was sentenced to death in December 2021 for robbery with violence. When his time in jail was broadcast in  local vernacular station, many of his fans were left shocked over what...

MPs demand monthly salary hike to Sh. 1.1 million, luxury car grants

Members of Parliament are demanding for their salaries to be raised to Sh. 1.1 million from the current range of Sh. 600,000 to Sh. 700,000. The MPs are also demanding for luxury car grants of up to Sh. 7.5...

Price of cooking gas to rise by Sh. 500 after new taxes

The price of cooking gas is expected to rise yet again after the government raised taxes on imported LPG by more than Sh. 38,000. The new taxes have resulted in trucks bringing in the LPG being denied entry from Tanzania,...

Safaricom’s profit drops for second year in a row

Telecommunications firm Safaricom has announced that its net profit for a full year has dropped for the second time. This is after the company posted a 1.7 percent drop in net profit to Sh. 67.49 billion. These were the company's first...

These are the highest and lowest paying jobs in Kenya today

The Kenya National Bureau of Statistics (KNBS) has revealed the highest and lowest paying jobs in Kenya today. KNBS puts the average monthly private sector income at Sh. 69,103 while the monthly public sector income is at Sh.68,632. According to...

Naivas vs Carrefour: Basic household items price comparison

Naivas vs Carrefour: If you are looking to shop and get discounts on basic household items, which between these two retailers will give you the best bargains? The answer to this question lies in the current prices. A survey that...

Ndegwa family moves Sh. 1.7 billion NCBA shares

The multi-billion Ndegwa family has moved its NCBA shares worth Sh. 1.7 billion in a restructuring strategy. The family moved the shares to its primary investment vehicle. In the move, 70.9 million shares that were previously held in an account...

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Denmark suspends work permit applications from Kenya over fake academic papers

Denmark has suspended the processing of applications from Kenya for internships in its agricultural sector over fake academic papers...