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I&M Bank on spotlight after growing complaints that it may be taking advantage of customers through hidden exchange rate tricks during failed international money transfers. At the center of this troubling pattern that shows the bank possibly refunds failed transactions at a lower exchange rate than the one used when the transfer was initiated, leading
Auditor General Nancy Gathungu has revealed alarming losses to Kenyan taxpayers amounting to more than six billion shillings. This money was lost as fines and interest charges because government funds allocated for various projects were not used on time. Speaking to the National Assembly Budget and Appropriations Committee on May 27, 2025, Gathungu pointed out
The National Treasury is planning to sell part of its 35 percent ownership in Safaricom, which is Kenya’s largest telecommunications company. Via a post on X by The Kenya Times, treasury Cabinet Secretary John Mbadi stated that the government’s share in the company is valued at about Ksh280.5 billion. This move is aimed at helping
Failure to comply could lead to a Kshs.2,000 penalty, adding financial strain to those already struggling with economic challenges. The reminder comes as KRA intensifies efforts to boost compliance, revealing that only 2.4 million out of 8.5 million eligible taxpayers have filed their returns so far, a mere 30%. This low turnout has prompted the
According to the report shared by Business daily, a major change is taking place in Kenya’s PSV insurance sector, with Amaco, a company linked to President William Ruto, quickly gaining ground and challenging the dominance of Directline Assurance, which is owned by media tycoon SK Macharia. This shift is not just about business; it also
In a report shared by Kenyan.co.ke, over 60,000 Kenyan livelihoods are at risk as the African Growth and Opportunity Act (AGOA) nears its expiry in September 2025. This agreement has allowed Kenya to export goods to the United States without paying duties for over 20 years. Factories that depend on this deal, such as the
Dr. Nayana Patel, a fertility specialist from India, has recently opened a new clinic in Nairobi called the Nulife Advanced Fertility Centre. This move has caused widespread concern due to her controversial history in India, where she was accused of exploiting poor women through commercial surrogacy. Dr. Patel first gained attention in 2004 after helping
Kenyans.co.ke recently shared an exclusive story about Sirai House, a luxury lodge hidden away at the foot of Mount Kenya, offering an unforgettable experience for those with deep pockets. Located in Laikipia County, the lodge sits on a private 250-acre estate surrounded by untouched forests, hills, and plains. This private paradise is not just a
Forged death certificates, fake family members, and millions of shillings allegedly stolen, that’s what a new investigation by NTV has revealed, exposing shocking claims against Murang’a Governor Irungu Kang’ata. The report accuses him of taking advantage of one of the worst tragedies in recent history the 2019 Ethiopian Airlines crash to enrich himself at the
Several senior government officials working at the National Youth Service (NYS) are now under investigation after the Ethics and Anti-Corruption Commission (EACC) raided their homes and offices on Wednesday, May 7. As reported by Kenyans.co.ke, the operation followed allegations that the officials were involved in embezzling Ksh2 billion from the institution. According to a statement
