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Kenya Commercial Bank (KCB) has found itself in the spotlight for all the wrong reasons. In October 2024, the bank encountered a big technical issue during a data migration exercise. This blunder allowed some customers to withdraw more money than they actually had in their accounts, resulting in a staggering loss of approximately $7.7 million
China Square, a rapidly expanding retail chain specializing in personal and household merchandise, has increased its presence in Kenya by investing KSh 600 million in a new outlet at Two Rivers Mall and KSh 300 million in Greenspan Mall. These strategic investments bring the total number of China Square branches in Kenya to six, underscoring
In Nairobi, hawkers have expressed strong opposition to Governor Johnson Sakaja’s recent directive prohibiting their activities on the main streets of the Central Business District (CBD). The Hawkers Association has announced plans to stage protests against this decision, arguing that it threatens their livelihoods and disregards their economic contributions. Governor Sakaja’s directive, effective from January
A shocking incident has left a car buyer reeling after their vehicle was repossessed from their workplace, following a sour deal with Nairobi-based car dealer Khalif Kairo. Known for his flashy lifestyle and luxury car business, Kairo has recently come under fire for multiple allegations of fraud. More buyers are now coming forward with claims
Safaricom faces intense criticism as claims of mishandling customer issues and neglect continue to emerge, causing widespread dissatisfaction among Kenyans. One notable case involves Festus Kasyoka Mbuva, a resident of Lowell, Massachusetts, who allegedly lost Ksh 400,000 to fraudsters John Kariuki and Beatrice Gaitho. Despite highlighting this incident on social media, Mbuva’s post was reportedly
A French diplomat working at the French Embassy in Nairobi, alongside his partner, has been accused of failing to honor an agreement with a local real estate agent. Hellen Njeri Nderu, the agent, claims she was approached on Facebook by a French couple, Luc Camilleri and Ricard Magaly, seeking help in finding a rental house
The Kenya Revenue Authority (KRA) has been under heavy scrutiny for its treatment of taxpayers. While Kenyan businesses struggle under the weight of aggressive tax collection, foreign companies, particularly Chinese ones like Tecno, appear to evade taxes with little consequence. This double standard raises serious concerns about the fairness and transparency of Kenya’s tax system.
Kenya Commercial Bank (KCB) is one of the largest banks in Kenya, serving millions of customers with various financial services. Recently, a TikTok user named Dr. Pangolin posted a video expressing serious concerns about KCB’s handling of customer accounts. In the video, he claims that KCB allows third parties to access customers’ accounts without proper
The Kenya Revenue Authority (KRA) has implemented new excise duties as per the Tax Laws (Amendment) Act, 2024, effective December 27, 2024. These changes introduce taxes on various goods and services, impacting both consumers and businesses. A 15% excise duty now applies to online advertisements and services related to alcoholic beverages, betting, gaming, lotteries, and
The Ministry of Health (MoH) has acknowledged the transfer of Ksh.1.75 billion to cover doctors’ and medical interns’ wages and allowances earned since 2016. According to Public Health Principal Secretary Mary Muthoni, the government has begun paying doctors’ salary arrears, which have amassed to Ksh.3.5 billion since 2016. Speaking in Gichugu, Kirinyaga County, on Saturday,
