Ndiritu Muriithi is facing an uncomfortable political moment after President William Ruto ordered a reversal of the controversial customs benchmark that the KRA Board Chair had strongly defended. For weeks, Muriithi stood by the decision to raise the minimum customs benchmark for consolidated container cargo from KSh2.5 million to KSh3.2 million. He argued that the
An international investigative organisation raised concerns over financial transactions linked to a Kenyan national involved in South Sudan’s oil business and specifically called on Kenyan authorities to scrutinise her accounts for possible dubious or illegal payments. Years before Ann Kathure Rutere became the subject of fresh allegations by Kenyan workers in Juba, her name had
NAIROBI, KENYA — Landing in a new country only to start hunting for a SIM card, Wi-Fi or an affordable data bundle could soon be a thing of the past for Kenyan travellers. Kwetu eSIM is bringing a more convenient way to stay connected abroad, allowing travellers to purchase and activate travel data before they
Maverick Aoko has brought attention to a troubling case involving a KCB bank employee who took her own life after refusing to sign papers linked to a claimed multi-billion shilling deal. According to details shared, the unnamed woman at KCB declined to approve documents connected to what appears to be a large-scale attempt to extract
A Nairobi businessman has taken Mwananchi Credit Limited and its director to court over a Range Rover that has been held for nearly eight years. Bryan Yongo Otumba and Wayaga Construction Company say the vehicle, a Range Rover Autobiography registration KCH 856A, was given as security for a Sh4 million loan advanced in November 2016.
When a major financial institution routinely promotes its digital capabilities and commitment to customer satisfaction, the bare minimum expected of it is keeping private banking data private. Yet NCBA Bank recently demonstrated a troubling level of operational negligence, proving that basic data protection standards can easily collapse inside its systems. The lender was officially called
A Kenyan man has been left heartbroken after his brand new Subaru Forester reportedly disappeared before it could even be delivered to him. What should have been a joyful day of receiving a new vehicle instead turned into a painful experience after the car was allegedly stolen while being transported to Nairobi.According to reports, the
Kenya Revenue Authority (KRA) policies under Board Chairman Nderitu Muriithi are pushing numerous small and medium-sized importers, many operated by Kikuyu traders which now looks like they’re being targeted, to the brink of closure amid sharp increases in tax demands that render operations unsustainable. Businesswoman Loise Kim is among those affected, reporting that her operations
A High Court ruling has exposed how a KSh7 million loan from Mwananchi Credit Limited nearly turned into a KSh22 million repayment burden, raising fresh concerns about the lender’s loan terms and the risks facing borrowers who use valuable property as security for short-term credit. In the judgment, the court stopped Mwananchi Credit from recovering
A highly controversial partnership between the National Transport and Safety Authority (NTSA) and KCB Bank has locked Kenyan motorists into what legal minds and consumer watchdogs are calling a state-sponsored coercion scheme, forcing citizens into physical bank queues to clear opaque and heavily contested traffic fines. In a country globally celebrated for pioneering digital finance,