A civil servant working in the department of public roads could lose over Sh. 0.5 billion that was found stashed in some 22 bank accounts. Besides the money, the civil servant was found with some 27 properties, shares in...
Peter Munga Mauritius Deal: Former Equity Chairman Peter Munga was behind the secretive purchase of some 452.5 million shares of Britam Holdings from the government of Mauritius. This secretive purchase left Mauritius with a Sh. 3.9 billion loss.
This loss...
Kenya has dropped its request for debt relief after Chinese banks said they were not willing to offer any debt restructuring to Kenya. This comes weeks after it was revealed that Chinese banks had frozen fund disbursements to local...
Real Estate Awards: Kenya's fastest rising real estate firm Lesedi Developers emerged top in the 2021 edition of the Top Bran real estate awards.
The real estate firm which specializes in the salenof affordable plots and development of real estate...
Banda Homes Scandal: Troubled real estate firm Banda Homes is facing imminent collapse after an investor asked the court to liquidate the firm. Susan Obuya, who is an accountant based in Netherlands has asked the High Court to liquidate...
UK Nurse Jobs: Jobless Kenyan nurses are set to start getting jobs and work visa in the United Kingdom. This follows an agreement that the UK has reached with Kenya during the visit by President Uhuru Kenyatta. The agreement...
Kenya Mortgage Refinancing Company (KMRC) will offer home loans to the tune of Sh. 7 billion. This is after the mortgage refinancing firm boosted the fund with a 154.73 per cent jump in the financial year starting July 2021...
Jumia Free Shopping: Jumia Kenya consumers are set to enjoy free shopping below Sh. 300 and have it delivered at a small fee to any address in the country. The move is aimed at encouraging more consumers to try...
Nairobi Securities Exchange listed Unga Group is set to exit the bakery business by selling its subsidiary Ennsvalley Bakery. This comes after the bakery business failed to break even in the market. This will see Unga sell off its...
The late industrialist billionaire Chris Kirubi's firm Centum Investments has posted the first full year loss in over 40 years. The company posted a net loss of Sh. 1.37 billion in the full year ended March 2021.
This was drop...
